The market was up in the morning followed by fear of yesterday software glitch and brought the market down by 250 points. It would remain the same way until the SEC authority clarify about yesterday glitch.
Today was another great day of trading.
I think at this time PCBC is one of the best stock for day trading. In the graph i have shown different buying and selling point.
As per the strategy, at $2.38 was good time to buy and point was $2.53 making 5%. So with $3000 investment this will in a gain of $141.
So considering today's gain, this week gain could range from $ 1122 (141+390+150+300+141) to $ 2481 (840+750 +150 + 600+141) with $3000.
Remember for day trading, you should have a margin account or atleast apply for margin account. The requirement maintain a minimum balance of $2000 in cash or equity. You can only do 3 day trading i.e. buying and selling a stock in one day upto 3 stocks in 5 consecutive day if you have an account of less then $25,000. A pattern day trader can do unlimited day trading and its by law the account has to maintain a minimum of $25,000. So be-careful when doing day trading and keep this things in mind. If your account is less then $25,000 and you execute more then 3 day trading in 5 consecutive day, then you may get a margin call and it would be necessary to deposit the required money or else the account is banned for 90 days.
So the best strategy is to decide your profit for a week, and if you think a stock is highly volatile make use of it for e.g. PCBC this week was best day trading stock and execute 3 day trading in one day
You can learn more about the day trading strategy in the tutorial section. For next week, i think AIG, PCBC, AIB, IRE, C are in my watchlist for day trading.
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