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A Couple of Short Term Trading Tactics I use....
If a stock looks to be in a strong uptrend has begun to pullbackit may present a buying opportunity as stocks in strong uptrends often only pullback for a few days.
If you are watching a particular stock that rises 5 percent or more during the opening you can locate no news about it chances are that stock will retreat after about the first 30 minutes of trading. The market makers
may be trying to open the stock at an inflated price to sell off excess shares they bought the day before.
If this same stock does not fall in those 30 minutes it has a good chance of rising the balance of the day. What's a good tactic for this? Buy 1/16 above the day's high after the opening set a stop at 1/16 below the day's low.
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