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Thursday, January 03, 2019 6:34:50 PM
for day traders, patience is for fools. but if you can't handle the risk, buy a mutual fund and get your 5% (good luck on that even in 2019!)
find a stock with low float and high trading, typically trading between 1 to 10 bucks on NYSE...wait for your candle machines to tell you it's gonna pop. buy it the day before on swing, or buy it at opening bell, sell after the candles say you get your 5 to 10%, get out, call it a day.
even if losing, sell and get out. be in cash at the end of every day, that way bull or bear doesn't matter.
try to have more +5K days than -5K days and boom yeah, especially ina bull market, you can make upwards of 200K to 300K a year. Just ask Jason bond....no wait...PAY Jason bond (which implies he's not making as much money working the day trades....well...let's be honest, this is all a pyramid scheme, so if everyone pumped and dumped some poor sap who waited too long would get caught holding the bag.)
my point is yeah, there are faster ways to get rich. my guess is tho the day traders ARE here (only cuz baby it's COOOOLLLD out there in other stocks right now) and shares moving are huge...but soon their candle machines will tell them to chase some other penny or dollar stock about to pop....then they'll be back the next time the candleanalysts tell them UBQU will have a local pop
but I am too old and too distracted and lack the tech to have that skill. also, I am guessing they hype the success rate of that a little. if it was super easy, you'd hear more about how to play that.
so go long, UBQU$
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