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Re: J_MAC post# 5192

Saturday, 11/21/2009 11:03:53 AM

Saturday, November 21, 2009 11:03:53 AM

Post# of 16707
It seems that you experienced traders also have small money set aside for short term trading. I'm not exactly interested in making it big off that concept or I wouldn't be on the THSO wagon. But I have a couple hundred bucks I'd like to have "fun" with. Any recommendations?

I've been looking at real cheap stocks that I think have some potential with a big announcement and such. And each day I've been putting in a limit buy right at or close to the support. My thinking is that if it stays consistent, I can catch it on a dip and sell on the next jump. If it doesn't go that far down, no big deal and I wait until the next support or another stock interests me. Is this part of the technical trading theory?