Howdy DM,
I normally trade through Schwab but was going to switch to Datek before someone here trashed them pretty bad giving me second thoughts. Perhaps E*Trade now. Schwab is just so darned expensive.
I strictly trade stocks on momentum, most of which I would not even have to do an DD on. Most stocks I trade, I know little about. I do like to do a quick 2 minute analysis of low vs. high, 52 week chart, a 5 day trend, avg. volume, P/E, and especially float and news. A large short position does not phase me a bit if there is very positive news....just adds fuel to the fire.
I do like to see double bottoms however. Really it all comes down to news and momentum, if it doesn't have one of those 2, I will not trade it, regardless of MACD, Trend lines, etc.
Please feel free to share some of your picks or trades.
Thanks
Jeff |
