This is my second post on the forum - if my question is silly or already been asked... please be kind!!
Is there such a thing as a short-term trading strategy that involves investing in the ASX's daily biggest % losers (e.g. investing in say MCX which lost 20% today next Monday and selling when it regains value)? I know this is quite a 'lazy' trading strategy, but provided I undertake some technical analysis (I am nearly finished my M. Applied Finance degree) and so long as I stay away from the really low value stocks e.g. share prices less than $0.50, is this a viable strategy?
Would love some opinions!