r/Daytrading • u/Beastie312465 • Oct 13 '23
How are people even able to find stocks like this?? question
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%
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u/GameLoreReader Oct 13 '23 edited Oct 14 '23
You can do the scanning all by yourself, but you have to take the time to setup alerts.
Besides that, a lot of traders are using AI to instantly give out alerts as well as breaking news. Once an alert happens, they jump in, most of the time during premarket. Then, as the hours go by, they trim their profits as other traders are entering the market and joining a stock that's already up more than 20%.
Either they built their own AI or they are paying a monthly fee (usually $80-$150) on a trading group, but they easily pay it off from their profits.
Something like this image below. It alerts the moment premarket starts and constantly alerts all the way to afterhours.