The Day Trader
June 26th, 2009Tags: day trader, day trading, penny stock trader
Penny Stock Day Trader
Day Trading itself refers to the act of buying and selling a stock in the same day. Those that participate in this activity are known as Day Traders. In most cases the Day Trader will try to close all positions before the close of the market. This is done to avoid any uncontrollable risks such as overnight movements. They also tend to manage a varied portfolio including stocks and currency. Day Trading is considered to be very risky, which translates into the possibility of an incredible profit or loss in one day. It is estimated that the majority of new Day Traders will lose money while they are first trading. However, if you are successful it is possible to earn a living by Day Trading alone.
Every Day Trader can have a different type of strategy when trading. Some will look at the momentum of the stock price, while others will review the technical patterns of the stock or look for trends in the stocks. While initially Day Traders were employees in an investment firm, the advent of Internet trading has allowed Day Traders to flourish in the general population. They tend to trade in such huge volumes that they are often given discounts with their brokers. We at Picks That Move want to help make sure you minimize your losses by encouraging you to sign up for our FREE newsletter. Let us do some of the work for you and find those hot stock picks.
At Picks That Move, we want to provide investors with some general guidance in penny stocks trading.
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Picksthatmove.com has been watching the following stocks: Cell Therapeutics, Inc. (NASDAQ:CTIC), Novavax Inc. (NASDAQ:NVAX), Lear Corp. (NYSE:LEA), DayStar Technologies Inc. (NASDAQ:DSTI), Uranium Resources, Inc. (NASDAQ:URRE), Nautilus Inc. (NYSE:NLS), Angiotech Pharmaceuticals Inc. (NASDAQ:ANPI) and Boots & Coots Intl. Well Inc. (AMEX:WEL)
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Picksthatmove.com is an independent electronic publication that provides information on selected publicly traded companies. Picksthatmove.com is not a registered investment advisor or broker-dealer. Picksthatmove.com’s affiliates, officers, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value. Please do your own Due Diligence before investing in any of the stocks mentioned above.
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