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Re: PennyWorld post# 19295

Tuesday, 09/08/2020 9:17:14 AM

Tuesday, September 08, 2020 9:17:14 AM

Post# of 44690
PennyWorld, I posted this tip to get the ball rolling. Hopefully someone on this board is more savvy and can post a better tip than mine. Have a good day!

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There are high float and low float stocks. That can and does affect the price movement of a stock. If you're learning how to invest in the stock market with little money than float can be highly effective.

My preference is low float stocks (sub 10 million) for scalping stocks using hotkeys. I typically only hold for a few candle's because the bid ask spread is usually wide and I need to get in and out quick. I watch the volume and the price action and trade quickly.

Again, the price of the stock can change .40 cents in a few seconds, so you need to be quick. I use hotkeys on CMEG to day trade which is a customized version of DAS Trader and has no PDT rule.

Penny stocks are well known for doing this. Go and check a penny stock chart after a public offering. Here's another example below of OTlK's offering.

https://bullishbears.com/what-does-float-mean-in-stocks/