Hi i really had to do this, because this is only option for my next steps of growth, well i am new and doing paper stock day trading for sometime, earned some lost some, my statergy is to buy when stock raising and sell immediately when it starts falling, i like to any recommendations or suggestions how best i can be in this, all are welcome
Good luck, I lost a lot doing it your way. Keep one thing in mind…if your stock is rising and you are thinking about holding it for a bit more, set a limit! And I am not saying this as a mental limit. If you buy at $20, and your stock is rising, you might set a sell limit of $20.50 if it drops. Protect your investment. I could tell you a horror story of where I bought into a stock on the rise, and was up by over $4 a share for 200 shares…I stopped and took out the trash, and upon my return, it was $2 a share less than when I first bought it. Long story, but the bottom line – no limit set. This situation occurred in a 20 minute period, it doesn't happen too often, but for me… Never again.
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