Do not short stocks in intraday uptrends, unless they are met with huge longer term resistance levels.
Understand your job. Your job is to find high win rate trades with excellent risk/reward opportunities. Your job is not to pick tops and bottoms.
Traders simply make trades that mathematically generate profits over thousands of trades.
Find trends (channels) [...]
Archive for April, 2009
Rules for intraday setups
April 13, 2009Fundamentals – Questions to Ask
April 1, 2009When evaluating the fundamentals of a stock, ask -
What is the relative strength of the stock relative to its peers?
What is its year-over-year growth (earnings)?
What is the return on capital?
How much debt is on its books
P/E, P/B value.
What is its intrinsic value?
Other Points
Earnings, M&A, Insider Trades, other announcements can act as catalysts to the price [...]