It certainly is possible to make few grand a day and I don't think that fundamentals are important when you trade quick intraday movements. By the time you researched a stock you would have missed the trade.
I just can't see any reason to do this with "penny dreadfuls" when there are so many leveraged instruments available.
IMO the best thing for daytrading is to concentrate on only a few stocks (bluechips, indices, currencies, commodities or whatever tickles your fancy), research them, use your intraday charts, get a feel for them and trade leveraged instruments.
Works for me and I find that they are much easier to chart and follow them much better than penny stocks.
on any given day you can make a few grand, page-24
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$63.93 |
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Mkt cap ! $12.39B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1283 | $63.73 |
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|---|---|---|
| $63.94 | 9 | 1 |
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