The most successful traders I know hit the stock at 9:30 with many buys in a row to build the appearance of momo. They sell just minutes later, around 9:45, for 3% to 5%.
They do this every day, and make aroung $7500-10K per week. Some make more.
Meanwhile, all the longs will sit around in that same stock for weeks, refusing to sell because they think it will go up again.
Good stocks are obvious. Extensive DD is how you convince yourself to buy a bad one.
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