Fast Eddie is a Day trader. Fast Eddie makes his $$$ by trend chasing. He looks for stocks that had a very high purchase momentum in overnight trading. Yes some stocks trade 24 hours. Fast Eddie saw that Amazon (AMZ) had heavy upward trading in the overnight session. His strategy is to invest 5% of his cash portfolio into a stock with this trend at soon as the stock market opens. He will sell his position by the end of the day -30 min before close. Fast Eddie believes that individuals that purchase overnight have more information than the market. In 66% of the cases, Fast Eddie is correct, but the Profit can be as low as 1% to 3%. What do you think? Do you want to invest with Fast Eddie?
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