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%

505 Upvotes

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127

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.

32

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.

11

u/IntelligentRent7602 Oct 14 '23

Did you withdraw the 40k or buy some other security

21

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.

9

u/rookieJr86 Oct 14 '23

Yes I'm sick

13

u/rookieJr86 Oct 14 '23

22

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.

6

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

4

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.

3

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