Forget about day trading anything !
I have done a sample test in my personal portfolio, both long and short on around 40 day trades. That is, if there's bad news, I would short, and good news, I would long, always playing the momentum. The outcome is unbelievable, and not random for sure. That is, I shorted around 1/3 the time, longed 2/3 the time, but it didn't matter. I lost 90% of the time I tried to short term play anything, whether long or short, and it doesn't matter how long or how much momentum the stock had before I made my bet. I find this unbelievable, and proves the market is basically rigged, using algorithms that watch everything. These algorithms see every short term opportunity, and I'm sure AI has helped make things more efficient. Bottom line is, for my 40 or so trades, I lost 90%+ of the time, and it didn't matter how I timed my entry points. In other words, I firmly believe the system is rigged to take your money no matter when you enter. Therefore IMO, it's fruitless to day trade any stock, no matter how good you think your timing is, or how much logic your timing seems.
