Learn To Fish Section 7

Question 1

You’ve checked spy, Dow Jones, and futures. Up or down how does this affect your day trade.?

Answer 1

If the market is up go all in - if the market is down, scale down to smaller trades.

Question 2

If the market is very volatile what are some guidelines for day trading?

Answer 2

When the market is volatile, stay in the green on the Mac D, and make quick in and else.

Question 3

What would be a reasonable move on a stock that dropped with no news?

Answer 3

Follow them the next day, and watch for switch in the Mac the histogram.

Question 4

What would a no news substantial drop scan look like?

Answer 4

Scan for stocks that have dropped substantially the previous day, and investigate them for any news, press releases, price target adjustments, dilution.

Question 5

What three bottoms are we looking for?

Answer 5

Bottom of Macd histogram, bottom of our RSI, bottom of our moving averages.

Question 6

Nothing stays _____ _______ or _____ _____ for long.

Answer 6

Nothing stays over bought or oversold for long.