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I've been using this investing process on and off for the last couple of years. The results have been quite good but I hadn't really been putting in the time to do it. The last 3 months I've been using it regularly and the results have been quite impressive.
First, what is the process?
I go to finance.yahoo.com/stock-center/ every day Monday through Friday. I look at the Market Movers section and then click on % losers. Those are the stocks that are down the highest % for the day. I then look for stocks that are down 40% or more that day. If there are none I don't buy anything that day. If there are some that are down that amount I then click into the stock and see why it is down. If it is down because of earnings reports or other random bad news then great that stock makes the cut for further inspection. If it is down because of bankruptcy, stock split, etc. I won't buy.
The stock must have volume higher than 1 million for that day.
This is VERY VERY IMPORTANT. If the stock is a pharmaceutical stock DO NOT BUY! Pharmaceutical stocks drop or skyrocket all of time because of FDA news so I don't touch them.
I buy between an hour before close and close of the market for the day. (2:00-3:00pm central time)
I watch after hours trading and if the stock is up 5%+ I will sell it after hours.
I always sell the following trading day no matter if the stock is up, down, or flat. I normally sell between 10:00 and 12:00 central time. When I first started doing this I got burned by holding on to stocks more than a day and either gave back much of the profits or turned a flat trade into a loss.
The amount of money needed for this trading strategy is as low as you need it to be. I personally started with 1k so the trading fees didn't eat as much of the profits. I am currently trading with 5k.
Below are all my trades for the last 3 months:
CYH bought 10-27 $5,037 sold 10-28 $5,523
VEC bought 9-30 $4,567 sold 10-3 $4,867
GCO bought 9-1 $4,944 sold 9-2 $5,079
GEO bought 8-18 $2,503 sold 8-19 $2,905
CXW bought 8-18 $2,499 sold 8-18 $2,715
QHC bought 8-11 $1,507 sold 8-12 $1,528
Total profit
$1,560 on 5k invested over 3 months.
I personally prefer this to the options trading since you are only exposed to the market for 24 hours or less at a time. If you buy on Friday and don't sell after hours then obviously you would hold the stock for around 72 hours but that is still far less exposure to market fluctuations than normal investing.
Disclaimer:
You acknowledge that the content posted on The Fastlane Forum is for informational purposes only and should not be construed as professional investment, tax, accounting, legal, or medical advice. You understand that content published on the site DOES NOT constitute a recommendation or a warrant of suitability for any particular business, industry, website, security, portfolio of securities, transaction or investment strategy.
First, what is the process?
I go to finance.yahoo.com/stock-center/ every day Monday through Friday. I look at the Market Movers section and then click on % losers. Those are the stocks that are down the highest % for the day. I then look for stocks that are down 40% or more that day. If there are none I don't buy anything that day. If there are some that are down that amount I then click into the stock and see why it is down. If it is down because of earnings reports or other random bad news then great that stock makes the cut for further inspection. If it is down because of bankruptcy, stock split, etc. I won't buy.
The stock must have volume higher than 1 million for that day.
This is VERY VERY IMPORTANT. If the stock is a pharmaceutical stock DO NOT BUY! Pharmaceutical stocks drop or skyrocket all of time because of FDA news so I don't touch them.
I buy between an hour before close and close of the market for the day. (2:00-3:00pm central time)
I watch after hours trading and if the stock is up 5%+ I will sell it after hours.
I always sell the following trading day no matter if the stock is up, down, or flat. I normally sell between 10:00 and 12:00 central time. When I first started doing this I got burned by holding on to stocks more than a day and either gave back much of the profits or turned a flat trade into a loss.
The amount of money needed for this trading strategy is as low as you need it to be. I personally started with 1k so the trading fees didn't eat as much of the profits. I am currently trading with 5k.
Below are all my trades for the last 3 months:
CYH bought 10-27 $5,037 sold 10-28 $5,523
VEC bought 9-30 $4,567 sold 10-3 $4,867
GCO bought 9-1 $4,944 sold 9-2 $5,079
GEO bought 8-18 $2,503 sold 8-19 $2,905
CXW bought 8-18 $2,499 sold 8-18 $2,715
QHC bought 8-11 $1,507 sold 8-12 $1,528
Total profit
$1,560 on 5k invested over 3 months.
I personally prefer this to the options trading since you are only exposed to the market for 24 hours or less at a time. If you buy on Friday and don't sell after hours then obviously you would hold the stock for around 72 hours but that is still far less exposure to market fluctuations than normal investing.
Disclaimer:
You acknowledge that the content posted on The Fastlane Forum is for informational purposes only and should not be construed as professional investment, tax, accounting, legal, or medical advice. You understand that content published on the site DOES NOT constitute a recommendation or a warrant of suitability for any particular business, industry, website, security, portfolio of securities, transaction or investment strategy.
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