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Thursday, May 6, 2010

Day trading strategy implemented: PCBC 1500

Today the whole market was down by almost 1000 point and then recovered. So did you take the advantage of it or did you lose money ?
Today I selected only PCBC for day trading. The strategy is very simple. Use RSI, MACD and William %R to find out the right time to buy a stock. Selling point can vary from 5% to Bullish signal or bearish signal indicated in MACD. Sell it when the red line crosses the blue line. It is bullish signal when blue line crosses the red line. You can hold the stock even if the stock value crosses 5% gain, if the blue line is still on the top compare to red line.
Today the first buying point was at $ 2.32 and the selling point was at $2.64 and then at $2.90, depending on the sell point with $3000, you could have made $ 390 which is 13%  to $ 750
which is 25%. Thoughout the day there were different buying point and it was possible to make 5% gain to make it total of $150.
But the best buying point was at $1.95 and the selling point was at $2.15 and then $2.34 making 10% to  20% gain respectively. This would had generated $ 300 to $600 with $3000 investment.
So considering today's gain, you could have generated $ 840 (390+150+300) to $ 1500 (750 +150 + 600) with $3000.
So here is a summary of last four days of trading, it was possible to generate $ 2840- $ 7000


I believe holding any stock for long is risky at this time. Having a margin account is really the key.

Good luck and Enjoy trading.

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