As stock traders and family men/women, we don’t have much to do with our extra time. Unlike most people who get up 6 in the morning to get ready for work(1 hour), get stuck in traffic on the way to work(1 hour). Full time traders get up around 8 am and start reading the new to see what to trade intraday. After the market closes again, while most people are still at work, or are getting ready to leave work and get stuck in traffic again(1 hour), stock traders like myself have nothing to do between 4 and 5 pm, as 5 pm is my earliest 1 on 1 mentoring session.
I decided to do something productive with my time. Every day between 4:00 and 4:30 pm, I will be posting a watch list of stocks to watch the following day. I will be watching the following morning to see if any of them get some news or if they gain moment by 9:35 am, I will be jumping in. This watch list will be called #EODPICKS. Look for the hashtag on stocktwits.com, twitter.com, facebook.com, instagram.com, and wherever else hashtags maybe be found. As a token of appreciation, all I would ask is that you like and share the article, thanks in advance. 🙂
Today the watch list is a lot bigger, I will try to bring it down to 3 or 4 stocks.
These stock can be bought 2% above or 2% below their current/closing price, and should bring you 4% to 10% profit the following day if they gain momentum. Sometimes we can get lucky and have a gap up, where I would sell 75% of my holdings and ride to rest to see if we can get a higher move. At the same time we need to make sure we don’t buy so much that we end up losing a huge portion of our porfolio in case the stock gaps down.
Be sure you place a stop loss at 7% below your buy price, not using a stop can cause a 7% loss to become a 15% or 30% loss where it becomes too hard to sell now that you are down huge.
Also don’t be greedy, a consistent 10% to 15% per month can help dealing with losses and sometimes help bring in more profits.
Also, please keep in mind we are not offer trading advice, we are just sharing an idea.
For real stock trading advice you should contact a professional financial adviser.
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