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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$63.93 |
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Open | High | Low | Value | Volume |
$64.00 | $64.09 | $63.66 | $11.25M | 176.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1283 | $63.73 |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
---|---|---|
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1 | 74 | 63.700 |
1 | 1283 | 63.690 |
1 | 341 | 63.680 |
2 | 1283 | 63.650 |
Price($) | Vol. | No. |
---|---|---|
63.940 | 9 | 1 |
63.960 | 1308 | 1 |
63.990 | 341 | 1 |
64.000 | 2805 | 4 |
64.030 | 927 | 1 |
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