does day trading on biggest gainer / loser stock make you money?
October 31st, 2009
If followed with an exit strategy and not looking for huge gains. If its a winner ride the wave and if its a loser buy low and sell if it goes a bit higher?
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Posted in Stock Market Basics | 
Tags: day trading, exit strategy, Gainer, loser, money, Trading Stock
I read once that most of the days biggest gainers lose the following day, and vica versa, the days losers having the largest price percentage change on the following day. You could track both for a month or so and see if it’s true. Track them on paper so you can look back accurately. I’d be less nervous doing the losers in a bull market than the current market. Maybe you can find a history of the days biggest gainers/losers. That would save you some time. Some of those losers will be losing for very good reasons, may keep right on losing.
Sure if you always guess right, which is nearly impossible. Even if you are 50% right, the fees will eat you alive.
I don’t have exact stats but the logic is baseless. You are just walking behind the herd stampede, guess you like watching where you step. Personally, I’d trust upward moves from the losers, in contrarian ideology, after a few days. Depending on the fundamentals.
A great way to lose money is to buy things that are going down.
Right now…. you have no clue about day trading. That’s not an insult… it’s just a fact.
Only about 5% of those that try day trading (or swing trading) last more than a year. The average successful day trader takes 3-5 years to start earning money consistantly (not get rich… just earning consistantly).
Learning day trading is hard work. Takes a lot of time. Reading a new trading book every month is very common for day traders.
Here’s two to start you off;
Trading In The Zone, Douglas
Mastering The Trade, Carter
Good luck.