Method one is basically long only. Method two is long and short at the same time. Long strong stocks and short weak stocks. Method three is shorts only.
Depending on market environment, I will decide which method I'll be using and the trade candidates are generated by my scanner, and position may be held overnight.
As to daytrading, I normally daytrade momentum stocks on one direction at a time. However, I will go long then sell then short then cover then go long etc., on the same stock on the same day.
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