where he espoused incremental gains through the use of options. This book talks about the idea that you can make small, steady gains through the prediction of the markets. It was something very pattern based, something very much up my alley. The idea is that every stock has a certain percentage of fluctuation. Some stocks vary wildly during the day, some stocks jump around during the week or the month. It was also based on the idea that if there is no news, it will slip into a general pattern. Let's take a look at what this stock (ENER) says.
For someone who has my particular goal in mind, this is a great stock. There are regular sine waves that occur every two weeks or so, with the full cycle taking around a month. I look for volatility, because I am not after the long-term stock purchase. I only intend to make this last a couple of weeks. If you'll notice, the trend is going up just slightly each time, and it's well on the way to going back up once more.
Purchasing: 640 @ $4.60 = $2944
Exit Point: 640 @ $5.00 = $3200
Expected Gain: $256 (9.2% gain)
Overall Status: $0 0%
No comments:
Post a Comment