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EDHustle

08/10/10 12:15 PM

#47257 RE: sespears #47256

everybody invest differently but it sounds like a sound way to do things. Its about making money. The Only Profit that TRUELY counts is the Profit that is actualized.
Good luck to all regardless of Trading method.
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Wowow

08/10/10 12:49 PM

#47265 RE: sespears #47256

It's up to you to swing trade or go long, or both. I'm leaning away from penny stocks and going more into swing trading options with liquid stocks. However, the market is mercurial now and I'm not sure if it's going up or down near term so I'm just waiting.

The best technical indicators is when there is divergence with price. For instance, you can see the MACD having a higher low while the price was lower than in June with the recent July 2 low in the $SPX. If you just wait for something telling like this and then buy 6 month options in a dependable growth stock or ETF, that would be over 100% gain.