Most technical analyst fags eschew mean reversion because they’re always chasing alpha. I believe I’ve demonstrated here enough times that buying dips is a highly profitable and probable method, which has convinced even the most skeptical amongst you to take this trading mode seriously.
Yesterday oil stocks in Exodus were most oversold since 2009. Today they’re up 1.5%.
And tomorrow they will be down X.XX%. Mean re-reversion.
That’s why day-trading software and strategies make sense….until they do not when the paradigm shift comes out of nowhere like a black swan.
Sar, (finally saw the r today) you sleep on your money. Day trading makes total sense.
Second that. Don’t be caught holding a d-bag. Set a stop loss limit 20% below entry to minimize loss. Set a trade to sell 50% at 40% above entry, hold the rest. It’s conservative.