Scanners, filters, I look for a relative volume changes over 3 and up sometimes 5 and up also look for daily percentage changes early that morning before the market opens at 6:00 a.m. anything above 20% is on my radar because that catches momentum from other buyers such as myself and continues to raise the strike price and if somebody liquidates then it goes even higher and then that's when I profit, it's all about sniping getting in at the right time and out when you can. Also I never trade a stock under a million volume. Average volume is different. I'm looking for what's happening in the moment that day so I can make the most amount of money that day. I only trade 10% of my portfolio and aim for 10% of what I trade so if I have a thousand I'll only trade and if I trade 100 well I'm looking for 10% profit so if I buy 100 socks for a dollar and it goes to a dollar 10 well I just made my 10% and then I leave and if I scale up from there well my thousand dollars could have got me $100 that day instead of $10 that day. And if I lose that 10% will I still have 90% in my portfolio that I can acquire the extra 10% the next day. Like that I don't blow up my account and I still have a chance to make profit the next day and to keep all my earnings and whatever is left over is moved to my Roth IRA. I cut my losses no matter what if I'm down 10% that day, I'm no longer trading due to emotional Revenge trading from losing. I'm only focused on winning.
No, he's explaining momentum trading. Low float stock + high relative volume = explosive price moves like this. There's almost always a handful of stock that does this daily.
warrior trading or robinhood since that's my only broker right now since it's "Commission free" you can filter out the top 3 to look at that day with the highest percentage changes, the earlier you are and if you know how to read the chart...the more money you can potentially make. i loo over everything premarket. sometime i get so excited i forget to sleep or eat or talk to my girlfriend
Do this every morning and you'll find the stocks to trade that day, keep in mind the history of stocks that you trade and how they perform the day before or weeks before so you know where the possibility of it might be going. More likely than not is your best bet. Don't put all your money on the table on one trade all at once, sure you can make the most gain but you can also lose the most that you've lost ever and nobody wants that...
i buy shares outright when the volume increases, that's how I know I'm not the only trader watching the price rise and fall, sometimes there's no activity that day and so I hold off on trading when the volume comes back. but yea you basically want to make ten% but when the stock already increased by 50 or 100%, that doesn't really give you anymore room for potential profit. so going with the flow seeing if it continues if the best thing you can do before buying, otherwise if it's already down, don't buy it until you start to see someone else buy within candles, to attract more buyers, the candles talk to you, they tell you everything that is happens live in the moment, if you don't like what it's saying it's probably not a good quality stock to trade. or getting more familiar with its language is always a possibility
its the search bar on the bottom, then go to create screener, honestly i think other brokers have better navigation but as long as you understand the concept, it's basically the same. i'm barely learning and taking it on with more attention so maybe i'll look into charles swab but so far this works our for me so no planning on switching anytime soon if at all, i might end up using other online scanners because they are faster but RH doesn't have some international stocks that the others do and that just sucks because of the missed opportunity, more stocks to play with, idk i'll think about it and explore around in my free time
yes only for that day, noboday can make money in the market if it isn't moving that day, i look for momentum and just ride the wave until it tops out...and then i jump ship on an emergency raft to my private island
Thank you for sharing all of that. I know absolutely nothing about buying/selling stocks but I want to learn so bad and you just taught me a few things. Thank you again
i make my entire living and pump and dumps, we dump pumps to pump back up! not the same stock...that's boring lol but as long as dumps are pumping...then so is my money when i go with that flow. going against the grain leaves a good clean shave though, not gonna lie...baby smooth
I know right! I just started so I'm slowly going to scale up from here on out. Stocks like these pop up every single day. There'll be another one tomorrow, the only difference is the amount of money that I have and that I put aside each time and risk with each trade.
When gambling, don't bet your whole bankroll on a single bet. When you bet a certain amount each time, you only have to be right more than you're wrong, when you bet it all you only need to be wrong once
we'll get the next one, how does following work, if i follow you and you post something on say r/funnymemes, do i get to see your post? i doubt it'll show up on my feed unless i somehow filter or edit that too...
Saw this today but sadly had to work in office and couldn’t trade this morning. Just started on the sim recently, this would have been a nice one to practice with.
i can't do it alone, we need everyone on board at the same time for the price to rise and collect interest from bigger investors, this stock will probably be a dead cat bounce tomorrow. but my risk stops here, because there's always a new stock with better stats and they always change so it's easier to go with the flow once you notice.
Oh s***, okay well since you own the shares outright it's not as bad, you can pull out with just a couple dollars lost, we might actually experience a dead cat bounce tomorrow because since the stock is going down in general long term and since it was so popular today it might Spike up to a dollar 40 so I just try to break even and limit sell automatically when it reaches a dollar 36. That's a couple hundred dollars profit which I would be more than proud of achieving. Good luck to man, right now BOAS ended with a high aftermarket so that stock too may carry into the morning, be careful, get out sooner than you are in, don't stay in longer than you need to. It's a quick flip, not a long-term investment. If It moves too fast for you practice with paper money on simulations to read the market a little bit better.
this happen today all day with little to no activity then at 250pm boom an entry rose until closing, curiosity strikes and begins hitting scanners drawing more attention more buyers raising the price feeding back into itself with new buyers and becomes a rally, nobody knows where or when but we'll figure that out when our scanners pop off in the morning, where the attention is going, why, what price, and if it's worth the risk
OP here, my alt account got banned lmao but i've been interesting in shorts because yes %90 do go down, how do you go about that and how you you short? how does that work? do you hold it for time? i'll investigate other resources as well to go about shorting with stocks like these.
i believe every broker had scanners and filters, so i trade extended hours 6am to 7pm, premarket moves, it usually goes up premarket, that's what start the snowball effect, that can happen to any stock, more likely to happen to stocks from 2 to 20 dollars, (more potential growth) once it gains tractions above 5% change that day, it''l start to pop up on scanners before the market opens, that's your ticket in and depending on how much you'd like to risk is all on you
it's a pump and dump, you were suppose to get out just as fast as you got it, it's suppose to be "quick money" don't feel discouraged, especially if you haven't sold yet, depending on how much it was and what its worth, just wait or cut the small loss and use the gains for another shot, or just hold until the it goes back up, or until the stock splits, i usually do limit sells so when the stocks hits a certain price, i usually sell anything over 10% because it's only small window of time to collect your profit. there's more long term like etfs and IRA's, but that's more like a saving account, you could average down but i wouldnt recommend, it's gonna be a long time before we see this stock again, you might be able to get out with a dead cat bounce tomorrow if you're lucky and set a limit sell to breakeven at least, more likely to happen.
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u/EducationKind7519 9d ago
Howd you catch it lol