Over the last week, I traded stupid and lost all of my profits. I am challenging myself in the weeks ahead. I am going to follow a set of rules, and trade smarter. I am going to trade smaller amounts and cut losses short. Here is my strategy going into next week:
1: Look for crazy green spikes after hours
2: Short into weakness on companies with terrible earnings history. (Basically junk companies)
3: Hold overnight
4: When in doubt get out.
5: Buy to cover in morning panics or premarket panics.
This chart pattern is what got me into profits this month and I deviated from it. I am going to be more disciplined and stick to these rules.