Day trading Tips
Today we will learn how to earn maximum by Day Trading.
How to choose the stock?
When to jump in?
What is the best time to sell and enjoy profits?
As we all are here to make money in this tough market, we must find the best way to do it.
We all want to make quick money in this stock market but sometimes we result in losing our hard earned money by our own mistake. We can't even blame anybody for this.
We will learn that by reading a simple example of this trade. The stock was pure pump and dump but who cares if we can make money too.
A simple trade to get 50% profit in just one day even just in few hours. NUBL was getting great hype on Wednesday. Whenever you see a stock which is hyped a lot, there is good chance to get profit even if there is no real news as people will start buying it in anticipation of some great news release. Most such things happen in penny stocks.
Our reader did the following trade on wednesday in NUBL. In his own words............
" I noticed a lot of publicity for this stock on wednesday morning and was keeping an eye on this stock since morning. I was not getting a news which I can trust on and invest in the stock. I saw this stock climbing upto 0.065 in no time (200% up) . I thought i missed the chance to get in. The next moment it started to come down again and I saw it going down to 0.038. I thought to enter a point but was still risky. Again the stock began to rise and I finally got in at 0.05/share for 20000 shares. I knew this is a much publicized stock and can go down any moment and I kept eye on the stock constantly and in the front of my eyes, it rose up and up and up. I sold it for 0.075 i.e pure 50% profit. I earned like 500 dollars in just 1 and a half hour. "
The best thing we can learn from this trade is that when we are investing in any penny stocks which are highly risky, it is necessary to be constantly watching the stock and also make sure that we are doing it as a Day trade and specially few hours trade. It may be highly dangerous to hold such stocks as in case of NUBL , it went down 28 % today so the reader might have lost money if he had holded overnight. If you have some solid news about the company and are sure that the price is not going to fall then it is fine to hold.
Do share your trades so everybody can learn from them. Send your success stories to publicinformer@gmail.com and I will try to share it with our readers.
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