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.
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5 | 145 | 63.770 |
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6 | 198 | 63.750 |
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Price($) | Vol. | No. |
---|---|---|
63.810 | 28 | 3 |
63.820 | 95 | 7 |
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