There is one "set-up" that I have made money on consistently and in all types of markets (bull or bear)....all I have to do is wait for the "Fat Pitch"!
Q: What is a "Fat Pitch" profile and how can I profit from it?
A: The "Fat Pitch" is a stock that has had a sharp sell-off in price and is now at point where we can successfully pick a trading bottom. It is usually a fast moving successful momentum stock that has had an extended run and has had a "hard" bout of profit taking occur. Sometimes the instrument trades back to new highs (which is the best "Fat Pitch") and sometimes it only bounces a few % points.
Whatever the success in % return is, the lure of a "Fat Pitch" is its 99% accuracy at picking a tradable bottom. Yes, we will say it again - a 99% accuracy rate - and when we are wrong, your loss is very small (assuming you use are recommended stop loss).
