New Buy Candidates: CLFD, TIGR, VSCI (previously mentioned as a rebuy on April 2nd)
New Short Sale Candidates:
Add To: DGLY (on a pullback), VSCI (if you already have a position, now is a good time to add to it.
Note: If you choose to play CLFD and TIGR, be careful with your entry as both are thinly traded. TIGR has been experiencing more volume so it may offer a better entry than CLFD at the moment.
Well so much for CLFD and TIGR. They didn't perform as well as I hoped so I skipped out on them. I added some more to my VSCI position. Looking back, I should've held onto my previous position on it had I known it would have gone back to its Feb highs. Oh well. So far so good.
ReplyDeleteWhat is your trading strategy Nick, is it momentum based formula ?
ReplyDeleteYre,
ReplyDeleteMy trading strategy relies on several different strategies which includes a blend of technical and fundamental analysis. Another part of my strategy that relies mostly on T/A is chart analysis. I use a different approach when interpreting charts than other traders and chart technicians. I have identified my own proprietary chart patterns and signals that I use for entry and exit points out of a trade. While I occasionally still identify some common patterns (like cups/bases, etc), I find that a particular strategy ceases to work once everyone knows about it.
Anyway, taking advantasge of momentum is something that gets me into trouble half the time so I try to only dedicate it as a small part of the technical analysis aspect of my trading strategy.