In February I figured we were at the bottom or close. Everyone panicking etc. so I thought I'd have a little fun and try my hand at the good old daytrading.
Today the following trades were kind to me: PLA MEO GMG
I started trading in March and my other wins were: BHP MOF IIF SSM GPT VPG QBE SGN RFE IOF HDF MCW CHC AIO AIX HFA BUL ALZ NDO
I chose them due to: 1) very low PE ratios 2) big falls in price for no apparent reason 3) recommendations by some of the HC posters who seem genuine.
I dont use stop losses (I know I should) so I am left with: CER HDF (hate it when you make your target and sell, it soars and you get back in and you are still in it) LYC MAK (a worry?) MEL RFE (no worries here but it was supposed to be a day trade) SSM
All underwater.....
My strategy is basically to buy things that have fallen too severely.
An observation. Some things were so oversold (REITS for eg) so the only way forward was up. A lot of these oversolds have indeed gone up.
Anyway, just thought I'd share my (non)strategy with you.
