Short term trading can be risky and unpredictable due to the volatile nature of the stock market at times.
Simply watching the news or reading financial statements will not prepare one to have success in the short term.
According to Masteika and Rutkauskas (2012), when viewing a stock's chart pattern over a few days, the investor should buy shortly after the highest chart bar and then place a trailing stop order which lets profits run and cuts losses in response to market price changes (p. 917–918).
According to Israelov and Katz (2011, p. 34),[5] "Our suggestion (for long term investors) is to use short-term information for trade modification."
This strategy has the value investor reviewing his stocks balance sheets, market signals, and charts every couple months in order to buy more or sell.