I find that completley dependant on volume. I prefer to watch stocks with a float that is under 100 million but if a stock has volume that can be impressivly half or more of the float it's worth "watching".
I agree with prasky about the volume, but 20-25M is a sweet spot. You want the ownership of the stock to completely flip during a heavy day of trading. The more times it flips, the higher it will go. By the way, the high float is a key indicator of a shitty management team. It usually means they’ve had quite a few public offerings to keep their doors open.
Agreed, float alone is not enough. It depends on volume, price action and the chart. Also % of shares owned by institutions can indicate whether the price action will be "inorganic" if that makes any sense...
Basically "lower float + high volume". All my scans are on TOS and I filter for less than 40M Shares Outstanding (float + unavailable shares to the public).
I have similar goals in mind as you. If you'd like to talk some time about trade ideas, goals, strategy etc, I'd be interested. Hit me up anytime, @axhtrader is my twitter!
@axhtrader Messaged you on Profit.ly
From my understanding Bear market will be when selling outweighs the buyers for an extensive period of time (longer than a correction). Overall market will be in a down trend. I cant answer a lot of those specific questions as I'm still new to this but Tim Sykes and others always say 3 out of 4 stocks follow the market.
Good points and read, thankyou for your thoughts. Don't forget to trade with KISS! Happy Thanksgiving and this opportunity we have to change our lives.
One of the better posts on here. Thank you for sharing your perspectives.
@axhtrader Glad you enjoyed it!
If you're able to afford $208.95 per month, get Stocks to Trade. It's $179.95 monthly and now they charge $29 as an add on for Level II data, but it's worth it. You can also try it for a week for $1. As for answering your question about what you'd get executed at, I believe that would depend on how good the execution is with your specific broker. To my knowledge, there's no guarantee of any displayed price being locked in to your order other than maybe a limit order or stop loss, but someone e
lse can hopefully answer your question better than I did. Hope that helps some...
@SFKrystal The level II on STT carries data for OTC
I am down to do group studying sessions on the weekends. I am not a "great" trader yet lol but I'd like to be a part of this. Unfortunately I don't live in California anymore, so If video call study sessions are something you're willing to do , again I'd be down!
cool! ill keep you posted if other people in the area contact me
I am down for Video Meetings too I used to live in Cali but have been gone for 20 some years but when this takes off for me I will buy some property there.... but would love to start a study group.
None, just price action and volume.
I find the Macd useful ass you can see the vol quite easily and the momentum and the ichimoku cloud - but we are all different and you have to find what fits you best =D