Sometimes, starting out your day as a day trader is overwhelming. You do not know which way to look. The amount of small-cap stocks out on the market is immense and you can easily get lost in the sea of shares. Which means you can benefit from a small list, handed to you each morning that can help guide your priorities for the trading day.
Finding penny stocks to trade is a laborious business. You need expertise in stock scanning software and the instincts to choose the right ones in real time. Warrior Trading offers a daily watch list for members in the day trading chat room that houses the entire Warrior community. The watch list is a chance for traders to see what Warrior thinks are the best opportunities for wins on a daily basis.
Day trading is all about locking in 5-10% winners every day. The strategy does not include buy and hold and sitting on a stock for long-term gain. Sometimes, Warrior’s daily watch list might contain large-cap stocks, along with other penny stocks The large-caps are still seen as opportunities for quick wins, moving well on a daily basis. That is the difference between Warrior and other sites offering penny stock watch lists. The opportunities for profit exist everywhere. Not just in the small cap market.
Many times, the daily watch list will include stocks that are already gapping up. That means that the stocks are priced higher than they were at the close of the market the day before. That could be an indicator of a breaking news catalyst or some other technical indicator. It could be an earnings report or a press release about a new product. The bottom line is that those companies are good candidates for the gap & go strategy that Warrior Trading teaches. You will want to enter those gappers as quickly as possible, pretty much as soon as trading starts. That gives you a chance to lock in any gains that might happen from the opening bell.
Even as a beginner you can take advantage of this daily watch list. You need to start out in a trading simulator that allows you to trade in real time without risking real money. You can take the daily watch list out for a ride and not risk any real money. That is how you learn to day trade.
Follow Warrior Trading on Facebook to find out the best stocks to trade on a daily basis.