[asr21]

Indian here, so I won't know if this works on NASDAQ or US stock market in general. Also, I have traded only a short time in bear market. Most of my trading is in Bull Market. So take my input with a truck load of salt .

The thing worked for me, is the simple concept of Support and Resistance and Dow theory ( Higher high, Higher low all that shit.) . So let's say there is a certain point or a range after which , it usually bounces back . That's the support and I would buy at that range.

One more logic here was, let's say a stock is trading at 50. It's support is at 48. I can afford to lose 100$ in this trade. So I would get 50 shares at 50$. If it goes below 48. I will take my loss of 100$ . Exit that position. It's more about calculated gambling

[kpr21]

Thanks for the good input. Glad it worked for you. I had read a little bit on support/resistance, higher high/low theory etc. But I find them very boring. ( In fact everything around technical analysis). As I said, I am not looking at trading. The idea was to use technicals for a better entry price.