daily chart is super choppy, you are essentially gambling cause its 50/50 what will happen. better option is to wait for premarket activity and then decide

But what is the gamble on? With BIOTECH being hot right now isn't it closer to 25/75 if they give info on the phase 3 trial? I bought a small position just in case so far it is working out. We will see what Monday brings

I rarely buy new positions in the morning because the spikes are too quick to alert, but that doesn't mean you can't trade them

Also as a heads up, by buying trades the day before selling, it allows you to not reach your "Day Trade Threshold" for those of you with balances less than $25000.

@timothysykes thanks for the clarification. Finally getting fully on board here and looking forward to the ride. I will be one of your Millionaire students shortly!

@rezamohamed Here are some morning breakout charts to study http://2alive4925.svbtle.com/day-2-morning-breakout

I woudn't be able to sleep all week-end, lol. I didn't buy it.

get in on monday..hoping for a smaller rally of at least two more days

Based on similar plays I would expect possibly a morning wash out, then it runs to new highs and finishes up on the day overall.

I got out at 10.20. It could run up again on Monday but it will crash eventually. If it goes up on Monday, I try to make 10-20 percent.