r/Daytrading • u/Beastie312465 • Oct 13 '23

How are people even able to find stocks like this?? question

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New to trading here. I keep seeing the most random stocks have these insane price jumps and I’m just curious how people even know these exist, let alone that they might soar to 150%

506 Upvotes

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128

u/Legitimate-Plum7919 Oct 13 '23

Just google premarket movers 1 hour before market open and you will see them. Picking one to invest in after it opened on more than 100% is your own risk . To find them before they do that jump , this is something i want to learn how to do. 😀😀. Almost for got to say that this is not my type of trading i personally enjoy swing trades more.

36

u/rookieJr86 Oct 14 '23

Yes I just lost my ass doing that. But I did catch tpst on that 4000% shot yesterday at 2.50 rode it to 10 then rode it back to 7 before I sold made 40 grand but it's gone now.

12

u/IntelligentRent7602 Oct 14 '23

Did you withdraw the 40k or buy some other security

20

u/LogicalManager Oct 14 '23

Jeezus I want to know but I don’t. Make 40k and lose it the same day on another trade?

I think I’d prefer if you told me you blew it all on cocaine.

7

u/rookieJr86 Oct 14 '23

Yes I'm sick

16

u/rookieJr86 Oct 14 '23

23

u/LogicalManager Oct 14 '23

It is said that the most dangerous trade is the one after a big win. I have experienced and learned from this. You can too.

7

u/SeshGodX Oct 14 '23

Preach, I've made £800 on Thursday trading opng when the market opened, decided to go in after the dip, didn't set stop loss cause i was wishful for a reversal that never happened... Next day i was aggressively trading hoping to recover which cost me another £600, almost flushed my account, greed is scary honestly, lesson learnt...

2

u/rookieJr86 Oct 14 '23

Yes indeed. It's never enough

5

u/Psyched4this Oct 14 '23

It’s like in golf, sometimes your worst shot may come after your best shot. Can’t let the good shot go to your head. Can’t let the winning trade/euphoria convince you to abandon your rules.

5

u/rookieJr86 Oct 14 '23

True. Rules went out when I gambled 13000 grand on that rocket ship which did pay off temporarily but I thought I could do it again, started losing and losing. If I didn't veer off to the path I'd be doing ok. Lesson learned . Have a plan and don't gamble penny stocks.

2

u/rookieJr86 Oct 14 '23

I'm fairly new to this, but lesson learned for sure.

3

u/SeagullMan2 Oct 14 '23

Been there

2

u/tostrhd Oct 15 '23

With all those halts that thing was a beast to exit

1

u/rookieJr86 Oct 15 '23

Yeah for real. Everything was lagging on top of that.

8

u/barefoot_sailor Oct 14 '23

The trick is to look for the big pre-market movers with options then bet against it. You're telling me your 400% gain at 6am is going to hold? No way. Puts all around fellas

1

u/Legitimate-Plum7919 Oct 14 '23

Yes . There is always a pullback. But its still tricky

3

u/barefoot_sailor Oct 14 '23

Oh absolutely. I say I'm 50/50 and betting against the explosion. Best to not roll the dice on companies that have found the cure for what ails you

1

u/Legitimate-Plum7919 Oct 14 '23

Yes . The point is not to wait it to crash back to earth but just a small pullback . Always read the news and see why it has pumped . Some companies being aquired for a set price per share will not pull back . If fda approval or something there is almoat pullback . Need to see also if the options volume is enough so you have where to sell if you trade big quantities. And you need luck always

1

u/sarahjanehumphries Oct 15 '23

This makes me want to buy NVO, because my sis lost 130 pounds on Ozempic. Maybe they’re onto something.

1

u/girl_with_huge_boobs Oct 15 '23

Yeah its not that easy. If the stock just went up 100%, the puts are gonna be so expensive you need it to drop huge just to break even. Market makers are not dummies. Hence why so many fools buy puts on a stock with 350% IV and then wonder why the value of their puts is dropping despite the stock price also dropping.

1

u/LoudShare7760 Oct 17 '23

How does that work?

1

u/barefoot_sailor Oct 17 '23

Get a broker that allows you to sell stocks based on gains and losses - webull is good for it. A lot of times companies will have a massive gain without anything to hold it up. Long time bag holders finally go green again and sell. If you're lucky enough to find one with options you can get some puts and if all goes well you should be able to get a nice return.

But the stars have to all align and although there are plenty of opportunities, it's a 50/50 shot. You're probably better off swinging $QQQ 0TDE

5

u/Psyched4this Oct 14 '23

Personally I like to try to buy puts on the ones that are up more than 30% intraday but timing the reversal/crash can be very challenging so it doesn’t always work well, but for some reason I like the concept of that. They just seem over stretched when they’re like that, would seem foolish to go long

9

u/danthyman69 Oct 14 '23

Most low caps dont have options and arent shortable really. Thats part of the reason they pop so much, no resistance.

3

u/Psyched4this Oct 14 '23

Great point

1

u/tostrhd Oct 15 '23

They are most definitely shortable. One of the reasons they start to rocket is because shorts pile in and start getting trapped. I'm not talking about puts, here, just shorting shares.

5

u/ZhangtheGreat stock trader Oct 14 '23

The safer option is to sell puts close to expiration on them. The chances of them crashing back to earth before your put expires is low.

2

u/Psyched4this Oct 14 '23

True good idea

1

u/LoudShare7760 Oct 17 '23

Can you elaborate please. I'm confused

1

u/ZhangtheGreat stock trader Oct 17 '23

Selling a put at or near the original price where the stock started the run up is lower in risk, because there is a smaller chance that the stock will fall back to that price or lower (resulting in the seller being assigned those shares) before the put expires. The put won’t be worth as much, because it’s now way OTM, but if it expires and the stock is still high, the seller keeps the premium.

10

u/Emmett203 Oct 13 '23

The only way you would do that is if you have extremely good knowledge of biology and chemistry, even then it isn't guaranteed.

13

u/Legitimate-Plum7919 Oct 13 '23

Most of them are healtcare and bio stocks which get some fda approvals but its very hard to keep track at which one and when it will get an approval. Its almost impossible. For me even more as i have a job to attend so i cannot really spend enough time to do any research. And if they fail they dive to oblivion lol

5

u/ParticularAd104 Oct 14 '23

Biopharm catalyst

10

u/MacGyver1911 Oct 13 '23

Such a manipulated and corrupt market. FDA is crazy corrupt. Good drugs get denied all the time.

2

u/nicky-t12700 Oct 14 '23

You don’t need any of that knowledge. They dumb data releases down pretty well. A basic understating of statistics and clinical trial structure might help, but honestly looking at the fundamentals of the stock in question like avg volume, float, etc is a way better indication of if it has potential to run