Snizzle, one doesn't have to be lucky to short a stock on a green day to make money. I make more money on my short flips than I do on my buying flips. Why is that? Where there is heavy manipulation there is always a vast field of short movement regardless of the indexes are in pos. or neg. A weak stock is easily manipulated. In turn, manipulation comes with an immense amount of what I like to call a skeptical investment cloud. This cloud is normally a bunch of weak hands that feed into short diving and are normally the same ones who entice a buyback once it completes a dip. During that time, covers happen which pumps a small run, the covers either continue to buy at this point or wait for it to top a candle just to short again. Now this can be done multiple times or just once. I normally have orders in multiple places so if it brushes a PPS like BAC normally does, I'll get covered and a buy order filled at the same time with my sale order already in .02 higher the moment it jumps to ensure another profitable trade. My short orders are normally .03-.05 PPS and buy/sell orders .02-.04 PPS. I do that around 10 times a day when I focus trade BAC because it's such a great swing trade.
I am hoping you are in the green like Kim and most likely Pup as we are all here to make money regardless of trading styles or preference. I do believe you know how to trade I just have a feeling you have a way of trading that isn't in line with mine which is totally fine; to each their own, however it's not about luck or being full of shit. It's about trading techniques and I've been trading this way for a very long time and have gotten very good at it. I'm sure you can find IHubbers who have seen a lot of my trades when I used to post technical analysis, what PPS to buy, sell, short/cover at, send emails, post my active trading, etc but don't do that anymore as I don't have as much free time on my hands anymore. I get on here when I can to sift through posts and throw one on here when I have some spare time but it's for the passion I have for trading not because I'm ego tripping.
