The way to day trade LYC properly is to set a short above a certain level ( as in stupid chase up) or a long under a level (not on either exactly is a strategy)
That's it really no different to an earnings play
I can't urge newer traders enough to let this one settle there's other trades you will be playing with the big boys
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- daytraders after market lounge 5th sep 2012
daytraders after market lounge 5th sep 2012, page-28
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