Daytrading Apple Inc. (Nasdaq: AAPL)
Posted on August 25th, 2008
Written by Richard
Posted in: N/A (old archives)
Hi, all! Today, for my daytrading demo, I picked the first stock that came to mind… Apple Inc. (Nasdaq: AAPL)…. since the logo is on my mouse, my laptop, my phone, my iPod, etc, it’s hard to blame me. Just like in ES, we had a pretty smooth down-trend today. Four trades for four wins.
If you have missed the last few days, I’m highlighting one stock a day to show people how well just a couple eotpro indicators perform on stocks. I didn’t research any complicated method. Basically, you wait for pullbacks to the moving averages, and get in when volume pressure and paintbars agree. You get out when volume pressure subsides. If you look at a lot of the examples, you will see that this is a totally sub-optimal system for exiting a trade… but it is more-or-less mechanical, which I hope helps people to see that I am not cherry-picking trades or fudging the results. I show the whole day on the stock, etc.
I also encourage readers to point out stocks they’d like to see presented… if there are no suggestions I just pick a stock at random… and if you think I’m cherry-picking the stock, then you have no idea how lazy I am!
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© 2010 Richard Todd. I am not a financial advisor, and nothing on the site should be considered investment advice or actionable recommendations. I'm just an individual, saying what I think, and sharing my experiences.