I find that a TON of profit comes around 10a.m. Do not chase the spike from 9:30-10:00 but rather catch the dip at 10:00 for the second round of spike at 10:30.
This was true for $VISI and $MYOS today for good gains....
This was listening to Sykes and getting it thru my thick head!
Posted Oct 27, 17 12:31 AMbyStockPiln
Received 4 Karmas
Smart. You can save a lot of money (losses) by letting the market noise settle out during the first 15 or 30mins or so. Really need to critique the news as to why something might be moving pre-market, especially biotechs. So many spikes fail just when you go long at the open. Let the stock find its direction and look for the first dip/bull flag break and go from there.
this is really smart - dont know how many dollars ive lost on fakeouts - i will definitly try this out
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