My Experiment is Over!

For a while, I was experimenting with a stock trading technique.

The Idea

I picked a stock based upon its Beta value, which indicates the volatility of the stock price. The higher the Beta value, the more the stock price fluctuates.

I tried this, because I tried to extend my test with the Slow Stochastic technical indicator, telling me when to buy and sell. The more volatile the stock price, I figured that it would provide me with more opportunities to buy and sell--and MAKE A PROFIT.

Note: The Slow Stochastic indicates when a stock is theoretically overbought (time to sell) or oversold (time to buy).

Observation: Enova (ENA) Might Be a Good One-Part 2

I've continued to follow Enova (ENA), and this seems to be an endless supply of opportunity to make money chunks.

My instincts would have been to buy a bunch at $1.47/share or so that I bought earlier (and later sold) and hold onto it for a while. Ultimately, this might be okay, but I would have missed on a TON of quick profit chunking opportunities.

I'm wondering whether certain stocks attract certain people who follow certain technical indicators. It sure seems like some stocks price patterns perfectly follow the MACD. Others follow the Slow Stochastic. Even if I'm right about this, I don't know how to identify it in advance. Therefore, I haven't figured a way to really profit from it.

Perhaps, it's a good idea to see a pattern established. Then ride the train. I don't have enough experience to know how risky this approach is, though.

Observation: Enova (ENA) Might Be a Good One

I am making a prediction.

Enova (ENA) might be a good money-making stock.

I don't know whether it is a good company. I suspect that they are speculative and have their hopes pinned on something that only might take hold.

So why do I think that it might be a good one?