7/26/2023 0 Comments Torchlight stock prediction![]() We start our custom scan by looking for the biggest premarket gainers. Remember, we’re not interested in just any high-volume stock. That’s when many high-volume plays start building… Join us on the SteadyTrade Team to see how smart traders prepare for stock action. The trick is knowing what to do when you find them… Anyone can look them up on Yahoo or Finviz. It’s not just about trading the next AMC. I answer all the questions I can get to - particularly about trading plans. We talk about the day’s most active stocks - but we don’t necessarily trade them. While it’s possible to randomly trade a breakout and come out ahead, if you keep finding yourself buying at the top, you might want to give discipline a shot.Įvery day, the SteadyTrade Team meets in premarket. These are the indicators that good trades are built on. The SteadyTrade Team has worksheets students can use to evaluate their setups… Now, I’m not saying that you should trade the most active stocks that come up on your premarket scan … It’s just one indicator we use to find good trades. They’re active because they’re being traded…Īnd they’re being traded because something’s happening. The most active stocks don’t get that way by accident. Why Should You Search for the Most Active Stocks? Today there was an ABUNDANCE of opportunity in the market, and our moderator in the Breakouts and Breakdowns chat, took full advantage.Ĭheck out this $AMC trade where Jack banked $230K … all alerted live in chat! Check out this alert from our Breakouts & Breakdowns service: Nimble traders understand the relationship between volume and price. This overwhelmed its float … although the company promptly issued new shares, killing the rally. On its biggest day, it traded 500 million shares in the morning. The most active stocks on the NYSE need to hit much larger targets to get our attention. When they do, they have the potential for big moves. Stocks don’t need insane volume to reach these floats. These are stocks with 10–20 million shares or less publicly available for trading. That’s why with the SteadyTrade Team, we usually target low float stocks. The float is the supply…Īnd when demand exceeds supply, you know what happens. Listed stocks usually have bigger floats than unlisted stocks. This matters more for the most active stocks on NYSE or Nasdaq than it does for OTC stocks. And we’ll have two or three that trade a billion. Now, there are like 10 stocks a day that do that. People used to lose their minds over a stock trading half a billion shares.
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