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Re: Mr Equis post# 1916

Wednesday, 08/18/2010 11:34:16 AM

Wednesday, August 18, 2010 11:34:16 AM

Post# of 6266
Well there are so many different styles but this is an example of how I do it. I am mainly a bounce player. So I have a scan setup for the type of stocks I want to see - like down a certain percentage, a certain exchange, and by price. Then when I see one that looks interesting I will immediately start checking: First the obvious: news- is there a reason for the dive, and is it warranted (the drop)? Then I quickly check price history, share structure, and past share structure (check reverse split history on any of the bb or pinks). I use http://www.otcmarkets.com/
for checking most of that along with Pro and Market Trader - once I decide if want to buy it I will jump in and the amount I buy depends on how well I already know it or feel comfortable - if it is something that I don't know well and am not too sure of I start with a smaller position. I decide when I go in where I want to exit and that is both on the gain or loss side. That's it in a nutshell. Ask someone else and they will give you an entirely different scenario. lol

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