Wednesday, February 13, 2013

Archery what does that have to do with DayTrading?

How is Archery like DayTrading - what are you joking?

I will use today's PPHM as an example - Here's how I look at it - When you buy a stock - you better look at the volume. In this case the average volume is 3 million shares. On a day like that if you bought the stock - the sell target for a higher sale price and profit may come around to you one one or two times. Meaning, your an Archer with the Arrow every time you buy - then the target starts to move and circles 360 degrees around you until it comes front view to shoot at once again  The sharper you are and more accurate the better you hit the tops selling as the stock is surging up and profits present themselves. Now if you do not take the profit and the stock sells off you have to wait, and wait and wait until that target circles back around for another shot, if it ever does.

So what makes this target circle around you many times and gives you many shots at profits = IS THE VOLUME. The bigger it is for that stock the more times you have to make money with it. 

KEEP in mind the time of the day when you do this as if it's 10:00am you get many chances during the day but if the stock market is closing in half hour you may not get any. So be aware of how much time you have left to score and hot a BULLSEYE!!

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