At our website we are trying to show people that a small account should not be an impediment, so we’re trading with that mentality ourselves. I traded CAPR today 1.11-1.29, broker confirms. CAPR was in our premarket comments, along with TTOO and MBRX. I’ve cut way back on my trading. Just being extremely selective – 2 trades last week, 1 so far this week, and first daytrade in 1 week. Only 1 trade today. Remember – holding the morning lows is very important for momo stocks. With the total piece of crap stocks, which are often the best daytraders, I want to see the low of the gap up hold first, before considering going long. CAPR was the top stock today – check out the Winners List Scan. It is a very low float stock – 10 million shares, yet it traded 32 million today – amazing.
This is hard to fathom for most people, but I considered the trade in CAPR today quite low risk and high probability. It had fantastic news, the momentum was strongly up, it was a very low float stock, and the trade setup was there. And remember – no margin used. My opinion – most people view risk in a totally skewed manner. For one thing, they always view risk in terms of investing and safety, or feeling good with established markets. Really? So it’s safer to hold onto an individual stock for months or years? And it’s safer to invest in the stock market which barely even moves anymore? And it’s safer to trade futures with the huge leverage? Also in the video – TEUM, DRYS, CGI, CEI.
Take away.. higher probability..for momentum stocks if it
Holds first hour (s) lows… then start to rally
Gold.. buy reactions.. not momentum trade
Stay away from news on share offerings. Give it room (days) to prove/reset itself
La..hoo.za..her… stocks discussed☺
Yes. There are all different kinds of strategies for trading. But they need to be tailored to what you’re trading. Most people don’t get that part. I did another momo trade today in the premarket stock – AEZS.