Whats up guys! Anyone else ready for Monday as always!?!?

 

So recently I've been noticing a very large handicap with a lot of beginner traders, aspiring traders and practicing paper traders. What I've noticed is that alot of you guys are very strict to your watchlist when you create them and go from there. Lets say stock XYZ made huge gains one day, usually you'll put the stock on the watchlist to trade the next day. The problem is, 90% of the stocks will not make any more gains and usually reverse really hard due to bag holders seeing no more movement and dumping their shares. Now some stocks like to continue, and push even further but that doesn't happen reliable enough to build a consistent strategy. Now what I do is I create a Watchlist right before market open, factoring in stocks making gains premarket, news catalysts, and pumpers since I use a momentum scanner. Doing it this way I've managed to weed out most of the shitty stocks that don't move and see what has the biggest ability to run up or down that day. Combined with being able to sit through the whole market hours since I trade full time and work from home, I can catch movement that happens midday as well with constant running scanners. Just like how GBR, XCOM, STEM made huge run ups in a fast period of time, you can find them without a watchlist if you just had a scanner, search for volume in the pennystock and small cap price area and jump on them as the break new grounds. When I started literally 90% of the stocks I'd watch wouldn't even move that day or would just crap out and tank. By searching for momentum I've found plays that can drastically increase small accounts (anyone remember KONE lol)

. Now if you don't have the luxury of scanning and free time during market open and you want to increase your account very steadily you're gonna have to invest more time into swing trading, but that's a whole another topic. Good references to trade spikers is Pennystocking Part Deaux by Tim or Trading Tickers I recommend it for any new trader.

Any questions or wanna just pick my brain, leave a comment below.

-Jay from ESP