How to take advantage of this choppy market - set strong price points and don't pay attention. What, you are wondering how I can say don't pay attention to what's going on with those stocks. Easy, because paying attention will make you want to buy the stock sooner. Now unfortunately I don't own all of these stocks but notice the success that we have had setting very aggresive, almost unreachable price points. And the secret to not paying attention is: Using conditional trades (If this happens, then take this action), these are trades that are triggered by a specific event. So for instance, I told my account that when ESIO falls below 13.90 to place an open order to BUY at the 13.81. By doing this type of trade I don't have to watch the stock every day and it forces me to be patient and wait for the right moment.
Here are price points that I have developed for recent stocks mentioned on Urbanomics:
ESIO 13.81
NYT 13
BIG - short @ 33.50s
Notice that the price points have filled recently and gains have been achieved. In these markets... if you get gains of over 5% in less than a week, SELL and create another conditional trade to fill again. In the past month I have used this to BUY ESIO and SELL SHORT BIG, both filled and have returned gains of over 5%. I have sold into those quick gains and hope to both stock return to those levels. ESIO is pushing higher so I may have to wait for this to decrease(possibly sold to early) and BIG almost returned back to our levels listed above which would have been perfect for us...but since then BIG has cooled and we will wait for a possible rally and we will short the damn stock again.
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