Part of trading is being patient and finding the patterns that you like to trade while your main trading option is on hold. Sort of like hunting or fishing in a different spot until your main spot becomes active again. I use Yahoo's Finance Screener to search stocks with certain price criteria and looking for bullish/bearish divergences of MACD histograms, with one eye on OIL and SCO.
As of now, I think the market is overbought and I expect a pullback. I am looking to go long a high beta, low priced stock on this pullback.
No comments:
Post a Comment