I would sped hours a night on making my watchlist only to find out most of the stocks I picked gapped up at open and would end up being a losing trade for me.  The stock market is a never ending learning experience.  I first started chasing stocks and lost, then I started buying oversold stocks, worked a little bit but I could never hold anything longer than a day or two, dip buying was always my best but there is something psychological about buying a stock when it is getting crushed in the morning.  So now I am back to low float runners, which I would consider chasing but it is working out very well.  I have been so greedy in the past and have lost thousands because of that.  I have left so much on the table lately but at least I am finally seeing some profits.  Today, for example, bought KOOL at $4.06 sold at $4.80.  I had a sell order at $5.20 and then it was halted.  I wanted to take profits after the halt and sold at $4.80.  Am I pissed it went to $6.84, no because I actually made money on the trade.  My other trade today was ALIM, bought $1.54 sold $1.80.  Good thing I sold because it dropped back to $1.50 and I probably would have sold then.  So that is the way I need to look at things, yea the stock could have ran 100% and I double my account, but it's more likely the stock will fail so take my profits and move on to my next trade.