Lockdown continues – and hopefully the volatility too. For the last few weeks, I have seen only my screens, my gym, and my bed. Last week’s highlight of AA. carried on rising nicely, and other stocks have been moving quickly too.
I also made some progress on finding stocks that may be worth going long on even in a falling market. Mainly because one of them showed themselves to me in the form of an RNS.
The hour between 07:00 and 08:00 is the most important hour of a trader’s day. This is when the RNS feed begins running, and the trading day properly begins. Results, trading updates, contract wins, bookbuilds and placings, and directorate changes all begin to appear. Many of these contain tradeable information.
I make it my goal to eyeball every company name and title of the announcement, in order to quickly make a judgement whether it is worth opening. If it is – and the information contains something that may move the price – I write it down and continue my search.
Once I have various RNSs, I then plan my trades. For example, Learning Technologies (LTG) announced a good RNS yesterday stating that the “Current financial year has…
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