Fusionz...sometimes 1 day and sometimes 3 days...it just depended on how I felt the stock was doing at the time...I have latley been playing news and 52 week breakout stocks during the first hour and a half of trading and the last hour of trading...because I am in school MWF from 10:00-1:00 GMT.
So when I get an alert that a stock is making a 52 week high I check the trend from barcharts to see if it is bullish, check a chart from stockcharts, I also look to see how many trades have been made in the day up to that point, and check the volume. But usually by the time I do all that and have decided to take a position (it usually takes me about 2 minutes or so) someone has allready posted the stock on the BOT board and if that happens usually I know that I have made a good pick and I jump in and ride the MOMO.
Some of my winners so far...I got alot of capital from QBID...I think I held for 6 days inlcuding the weekend...and latley have been in CDED for a small gain, BICO, SWME, FLCR(still holding), GOJO, GETC and others. But I have also lost some money in the last month and half, to much actually. I am up $4500 but I have lost $1500...so I could have been actually up $6000. I am still learning and some times I hold a little to long or sell to early for example with IMTO...and USXP
I bought USXP early right before the break actually one of my best plays this year as far as calling the break but I got greedy and thought that the stock would go up more and I watched it come right back down...I bought in at .68 and was going to sell at .73 but ended up selling at .63 instead because I thought it had a weak close and I did not want to hold it over night but I forgot to look at the chart before I sold at .63 and it closed right at the 10dma and if you look at the chart now I still think that USPX has some upside left in it...but my nerves got the best of me and so I sold for a loss when could have sold the next day maybe for a small gain.
All part of the game. This is generally what I have been doing for the last month and a half. I am not sure if it would be classified as daytrading but more playing to MOMO...
Good Luck to you,
milton
PS...lowtrades does not hold my money for the 3 day settlement period...for example in a day I can buya stock sell the stock and then buy another stock but then my money is tied up until the next day...
AI
