violinist_12: Is it a good way to make money in the stock market by following NYSE’s biggest gaining stocks each day?
At the beginning of each stock market open NYSE.com lists the days biggest gaining stocks. If you buy the biggest gaining stocks at the start of the day and sell them at the end of the day, is that a good way to day trade and make money?
Answers and Views:
Answer by The Truth is out There & so am I
Best way would be to study trends such as fuel prices bottom out before winter comes and top out mid-late summer that sort of things.
As far as day trading it could be really sketchy at best because the trend is on a 24hr schedule but reading the news on recals product safety that sort of thing or what ever the news.
Ok case in point XM is doing great
Howard stern says hes signed a 5 year contract with serrius
Overnight 10’s of thousands signed up for service.
I’m willing to be XM’s stock slid nearly as much as sirrius’s went up.
Answer by William HYou won’t know the day’s biggest gaining stocks until the end of the day so you won’t be able to buy the stock until the end of the day.Answer by Shaun R
No,
You have to develop your own system and rules if you actually want to make money in the stock market. If you trade what the “experts” say you will wounder why we call them experts.
Answer by michael_alca23The display of the biggest gaining stocks of the day are the ones for the previous day.
I would not reccomend for you to follow stock-pick advice from experts, because these stock-picks are delayed and almsot all of those experts have made the profit before they announce it.
Now expert information on companies and how they will think will do in the future is always good to use as feedback for your own method of calculation.
But a method to use for day trading is short selling those top day gainers, cuz they usually go back down within a week. But check the fundamentals before you come to this conclusion. Good Luck.Answer by Investor
Following that strategy is very risky and a trader can lose considerable amounts since they are usually very volatile..
For example a stock which increases 30%+ can reach a high of $ 5 and a low of $ 3.8 on that day..
**BUT A GREAT TREND is that dramatically increasing stock keep going up for a day or two after the big rise!!**
Answer by FrancoThis is a well known method of trading called momentum. You assume that when a share has gone up today it will carry on going up to morrow. This is usually OK, but if some bad news comes in shortly after you buy, you will be sunk. As usual, no system is perfect. The stock market is 90% luck and 10% skill.Answer by wasatchfronticlub
A great way to invest in stocks is to simply crunch the data. I look for companies with low debt, undervalued prices, and increasing revenue/cost data. (Meaning companies that are increasing sales but not debt or costs.) Companies like these usually have great upward bound. You can find great stocks that meet your specifications by using Yahoo Stock Screener.
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