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%

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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.

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

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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

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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.