Peter process

Peter_F

I have included a chart for DSW which I traded today for a profit by selling it when I saw it break the 21MA. I found it using barchart.com as I detailed in another segment given its premarket volume, premarket price increase being in the range of 4% to 10% and price under $35/shr. Good earnings report fueled this trade as number of shares traded exceed 700,000 in early market action by 9:50a. (I like to see 200,000 to 250,000 shares traded in the first 20 minutes to confirm premarket increases).

I also had BKS (which was too steep of a jump to trade) had it on my short watchlist. Note that both of these are listed on NYSE and not NASDAQ as NASDAQ is my market of choice given somewhat better price movements. This is just an example of this trading strategy being flexible as the simple rules will work for other trades if the set up and opportunity is there.

Result: I traded 3500 shares for a profit of nearly $1,750.