My current strategy:

An hour before the market opens, I run my premarket gapper scan and take the top five stocks that have gapped at least 5% and have decent volume and a good-looking chart, in my opinion and I put them in my premarket WL.

An hour after the market opens, I check my live market scan for volume runners with price increases. I take the top three and compare them against my premarket WL. If there are any matches that is the single stock, I will concentrate on if there are none I will take the one that in my opinion has the most promise.

Once I have a stock that I might trade I check for any news, good or bad, review historical price action and determine what my level of entry might be long or short and then the waiting game begins.

One of the most difficulties when dealing with some of these low-cost POS’s is determining what caused the sudden interest especially if the most recent pass hasn't been very active at all, sometimes the last time the stock made a move might be back a year of more, so what stirred the pot.

My goal is to not trade during the first hour of the open but that’s not a set-in concrete rule just something to work with. By waiting that one-hour price action generally settles down somewhat and then I can do my work

I used to be like most on profitly and trade from alerts and what others were posting in chat, well by the time I got around to checking things out the action has moved on and then I was chasing. Today I trade my plan and so far it’s working for me.**** There was a day trader that equated day trading to a battle field each new trading day he would prepare for the days trading like a general would prepare his troops for a fight. Review a battle plan, load up your equipment and when the markets open, charge. Look at it like this, if you are on the losing side of a trade there is someone that is on the winning side.

“The Spoils Go To The Victor”