Excerpts from Deel's book, Part II

...continued from prior post

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"Extrememly volatile stocks will have a massive sell-off once or twice during the trading day. This intraday sell-off can become an excellent point at which to short the stock, making this strong downward move a bullish trend you will want to take advantage of. When this trend begins to correct, a climax selling reversal can be played by taking a profit on your short position and, at the right moment, going long (buying the stock). "
He then goes on to illustrate the point with a figure/diagram.
This is exactly what Scott Farnham does every day with remarkable genius. He plays each move of high-ADR stocks and ETF 's in succession.
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I think there are some great tips in this book and it would be helpful to the day-trader as well as the swing-trader in training. Especially if you favor the momentum-based trading style found at Fear & Greed Day Trader blog.
And for the price of a foot-long lunch combo at Subway(plus shipping), how can you go wrong!