Day by Day - day-trade for part time traders
This think make no much sense to me but feel important :(
SIMPLE STRATEGY FOR P.T. TRADERS...
"But 500-1000 a week on top of my normal job is
easy.
filter avg volume more than 1 million
price below 10, and
above sma20
and below sma200.
increase: 5%,
then
choose stocks that are in "downgraded status"....
buy what you can afford and wait.
Put your alerts on "status upgrade"
for each stock.
If it upgrades post market, up your position
for pre market.
(Yes you will have to get up early to buy/
watch the pre- bell) If its rising, sell profits after morning bell.
Then hold initial investment and ride it to its
restriction point and sell profits again.
DONE. if it keeps rising during day or post
market than keep buying with only your profits!
If it starts selling off, no worries just do a
stop loss at your original entry point.
This method works 99% of the time because small
caps always go up avg 18% on upgrade news.
I do this on a simple 300 weekly budget and always see 20% to 100^ returns on a 5 different stock portfolio.
***
Above SMA 20 and Below SMA 200 means its above its average trading (closing?)
Price for the past 20 days, showing some recent momentum,
but below its price for 200 day average, meaning its taken a dip of its pre-rona trading price.
Under $10.
The status upgrade means an analyst has moved them from a buy to neutral or neutral to sell. When they get upgraded you then watch to sell them. This is more along the lines of swing trading,
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