Buy low, sell high

Cont'd discussion about Electronic Day Traders' Secrets: Learn From the Best of the Best DayTraders.

Roy Sidikman Interview

When everybody is panicking out, he is looking to buy on lowballs and when everybody is chasing price, he is offering to short sell at highball prices.

He buys strong stocks on pullbacks and sells them on rallies.

Another method he uses is to dollar-cost average into a position. For example, if Dell is strong but now pulling back, he’ll bid 1000 at one level and another 1000 at another level. When it stops falling and starts going up, he’ll try to buy 2000 or 3000 more. When the stock runs up, he sells half the position right away and ride the other half up to see how high it can go.

...cont'd next week...

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