We love strong stocks. But what makes a stock strong? This discussion is about the technical aspect of it, but we also do work on sentiment, news-related, and a wee bit of fundamentals. And then with filtering, we try to come up with the few stocks which have the potential to be good daytraders. But in the premarket comments, we also work on coming up with stocks which could be holds for a while. As far as daytraders, or a few days, it has been gratifying that for the last week, at least one of the stocks on our premarket list has been in the top 3 performers for the day. Why is this important? Because to lessen risk and increase outcome probabilities, the more room the better – the bigger the parameters, the better. Some people view this as riskier, we actually view it as safer, because there’s so much more opportunity to sit back and let it set up. Patience, today’s trading in NXTD had several very nice setups. For me, one daytrade and one hold over.
About traderscott 1146 Articles
Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day. Scott returned to markets over fifteen years ago where he continues as an independent trader.
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