Congratulations to trader who had bought on premarket to scalp and day trade ..
First, it's pointless spending hours just to research on what stocks to buy. 15 minutes is all you need.
On one hand, most of us do not have the time for that.
And on the other hand, there is no such thing as the 'perfect' stock.
What we should focus on instead is finding stocks that have healthy and stable trends we can ride on.
This increases our odds of success and the best part is all you need is a good system in place that can help you identify and filter these best potential winning stocks out.
Most people tend to use multiple strategies because they want to be as accurate as possible.
But the truth is by the time all their strategies/indicators are aligned, it is already too late and the stock would have already moved.
Most people often find themselves buying lower and lower and eventually catching the falling knife,
Instead, focus on buying strong and selling weak.
Buy when the stock is on a strong trend, and sell when the trend starts to weaken.
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