1. There has to be a catalyst along with the chart for a stock to really run.
2. Dip buy after the stock has already spiked on day 1 of the news.
3. Low float plays - under 5 million shares, classic low floats - 2-3 million.
4. It's very hard for a stock to hold green after three green days in a row, especially when it had already crashed.
5. It's hard to dip buy low float runners, cause they go very fast.
6. Track your trades, your losses, your mistakes. Learn about yourself what you're good at and bad at.
7. Once you learn how to trade long well, once you figure out when to sell, you may consider shorting right the same spot where you want to sell at.
8. When a chart looks good, but the volume is really low, don't touch it. You can't guess correctly where it's going.
9. Don't follow trade alerts, but you can try to short into the chasers.
10. Losing trades are the best lessons.
11. The most efficient time to make a watchlist is premarket hours, you can see where the potential plays are gapping.
12. Don't buy in anticipation, especially on a choppy stock. Wait for the actual breakout.
13. No breakout is definite. Near market open it's more likely to breakout. Delayed morning spikes are more tough to play.
I love your lists, they are great. But many of the items on your list are the same as your other lists, so it's like reading the same tips over and over. This isn't a knock just watch for duplicates.
@Justinian77 I know they are the same. But it gets harder finding something new every single day, and it's never harmful to repeat what you already know. =)
that's right Nastya, I for one need to repeat the more important rules and tips to get them ingrained in my trading mentality. When in the middle of a hot trade, it's easy to forget things that could save you.
The same rules apply every day. Good for you if you already know them all :)
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