How To Make Money ($900) In 2 Hours Trading Stocks

In this episode, I go in-depth regarding how you can profit off of the current volatility in the stock market. I take you through my process of how I find the best stocks, how I analyze them, and how I choose when to buy and when to sell.  

[00:14] Case study -- XNET stock

[01:17] You can use Robinhood and Google to analyze and profit off of a stock

[01:36] Google chart is sufficient for quick analysis of any stock unless you want to look at level 2 and the volume of shares being traded.

[02:08] Always keep an eye on the top gainers and top losers of the day.

[03:08] Trade in a chatroom because you'll have a group of traders who will be able to call out different stocks. BEWARE: Just because someone called out a stock doesn't mean it's the right time to buy.

[03:24] Double top rule.

[03:57] The stock market is most volatile in the morning because of all the pre-trading activities, queued-up orders etc.

[05:37] I set an alert at the top for when the XNET went back up to the high it set in the morning.

[07:30] When you're on the go and can't actively monitor the stock, set a trailing stop loss.

[09:11] I didn't do a limit order, even though I always recommend it, because I knew there was a lot of volume and momentum going on.

[10:23] When there is uncertainty in a stock, people who have it short might get squeezed.

[12:16] Trailing loss is not always the best tactic because the shares you put in the trailing stop loss are now locked up. So you have to cancel that trade before you can put in a sell order.

[13:42] Finviz.com is a great platform to be able to see the change in prices of certain stocks.

[06:49] GLOSSARY Break out: is any time a stock breaks its old high.

[08:42] Level 2: is a feature on trading platforms that allows you to see the order book.

[09:20]Short squeeze: is when short sellers cover their positions by closing out their trades and buying.

Hope you enjoy! If you have any other questions related to trading, please feel free to reach out to us at [email protected] or visit us at inpennystock.com

Finally, it would be incredibly gracious of you to just take a quick minute and leave me a review/rating to let me know how I'm doing and how I can improve these episodes more for your benefit!

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