Posted by: Sajha dot com March 16, 2017
Login in to Rate this Post:
0 
? 
?
@rshr If you would have been short on $DUST like I said on Sunday you would have made 18-20 % of the downward move in the trade and the trend is not over yet. At this point I am covering about 70% of my share and let it play out the rest. Target is around $ 28 with the new stop around 24$ .
There is no right or wrong on which stocks to trade. First you need to decide what kind of trader you want to be. Day trader/Swing Trader/Investor and so on... Then decide what type of stock you want to trade. IF you want to be a day trade/Swing trade then obviously you are looking for momentum stocks that has potential to make a big move. You are not going to sit there all day or may be weeks just to make 1 to 3-4% if ever on a trade. Example look at $BAC, $MSFT, $JPM, $IBM these are called blue chip stocks or also called "Grandpa stocks. They don't move quite often unless they have some sort of news or PR out. That's when these low float, trash company comes in play. Day traders/ Swing traders love this type of stocks as they have potential to run up to 100-200 % in a day or two. Just look at $DRYS back in Nov last yr this one has the epic move. $OCRX, $CERU Just to name few that ran lately
After you decide what type of trader you want to be than you want to know what type of strategy you want to apply to find the stocks that you want to play. Are you technical trader , a fundamental trader, mixed of both and so on. Most day traders/swing traders that hold stock from days to couple of weeks are technical trader as they don't have time to sit there and read Earnings, Quarterly report. They look for setup, pattern they have identified and trade based on them. Whereas fundamental trader rely heavily on company earnings, PR, Reports and so on and they usually hold stocks for months. That's why they don't trade these penny stocks.Nobody is comfortable holding these penny stocks for even a month from a company that you don't even know if they exists. They all are Pump and Dump. So hope this helps you. Do your own research first. Good way to start is knowing the basics of trading before jumping into the market.
There is no right or wrong on which stocks to trade. First you need to decide what kind of trader you want to be. Day trader/Swing Trader/Investor and so on... Then decide what type of stock you want to trade. IF you want to be a day trade/Swing trade then obviously you are looking for momentum stocks that has potential to make a big move. You are not going to sit there all day or may be weeks just to make 1 to 3-4% if ever on a trade. Example look at $BAC, $MSFT, $JPM, $IBM these are called blue chip stocks or also called "Grandpa stocks. They don't move quite often unless they have some sort of news or PR out. That's when these low float, trash company comes in play. Day traders/ Swing traders love this type of stocks as they have potential to run up to 100-200 % in a day or two. Just look at $DRYS back in Nov last yr this one has the epic move. $OCRX, $CERU Just to name few that ran lately
After you decide what type of trader you want to be than you want to know what type of strategy you want to apply to find the stocks that you want to play. Are you technical trader , a fundamental trader, mixed of both and so on. Most day traders/swing traders that hold stock from days to couple of weeks are technical trader as they don't have time to sit there and read Earnings, Quarterly report. They look for setup, pattern they have identified and trade based on them. Whereas fundamental trader rely heavily on company earnings, PR, Reports and so on and they usually hold stocks for months. That's why they don't trade these penny stocks.Nobody is comfortable holding these penny stocks for even a month from a company that you don't even know if they exists. They all are Pump and Dump. So hope this helps you. Do your own research first. Good way to start is knowing the basics of trading before jumping into the market.