Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

KLIC (lasted till a spike above 15.05), YHOO and SNDK.. so typical of these intraday long term daytrades. NEVER GET UNDERWATER just buy them off support (5 minute chart) and take profits at resistance (first spike high and the bearish harami and be gone) same as the first bullish harami and the first confirmation usually confirmed by a move above the 20 ma on the 5 minute chart is a BUY trigger. That way you won't be adding on losers on top of losers. LONG TERM DAYTRADES, haven't scalped in 6 months. When I do get out quickly, its a wrong entry and mistakes will be learned (a short on SNDK that reversed on 2/11) tweaking my SNDK strategy even more exactly.