http://m.seekingalpha.com/article/319281
An example of the strategy. My appetite for risk is a bit low. I think I will just take my beating from Q3 and be happy the stock has recovered as much as it has. The time to cash out was at 770. My greed got the best of me then: I wanted to buy a house in a certain neighborhood and needed the Q3 earnings report to beat forecasts (as nearly all analysts on record expected) to squeek out another $15k or more.
I think the best type of trading is spot trading. Have enough COH to pounce when an opportunity presents itself. Having sufficient cash available to make meaningful investments is the most troubling part of this strategy though.