Bounces, Shorting, Breakouts
Bounce plays as your major focus... interesting. I've been looking into that.
Also considering shorting after major breakouts for stocks $5 to $10. I know shorting is very risky, especially with short squeezes. However, I like dealing with stocks that have already moved/broken out (no waiting game), then trading on their likely pullback.
My past trades, however, have been momentum trades for breakouts. But I think my mistake was buying late into the move and then getting out during head fakes, only to see the stock go back up. (fakes are the most frustrating!!)
Hey, maybe I should consider a 3 trade succession for volatile stocks... breakout, short, then bounce. -- If only the stock would agree to stick to the program. --
I wouldn't mind trading all day. The only reason I haven't put off my other projects is because the trading hasn't paid off yet. Of course, I'm just beginning. So, I'm trying to find a balance between the two as to time.
By the way, when I mentioned "seasoned trader," I meant in terms of experience, not age.... lol.
