So my recommendation for the current time period is to do
small scalps. If you see a stock that
has relative strength over the past few days and it sells off because of the
normal panic in the markets wait for the bottom and start building a position
when you see some green candlesticks.
Then once it gets back to half the level that it sold off at, sell
it. Even if it’s a small profit, you’ll
feel good about making money in the market and at least you are headed in a
positive direction.
With Apple’s big tumble yesterday and the market in chaos
over Europe, it’s hard to build positions and make any large amounts but you
can still do the small plays. Just be
careful to not stay in any trades long term.
The market could nose dive at any time when things are this skiddish.
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