Morgan M. from the USA scaled her $20K account to $22,000 in her first year of day trading stocks, and she’s already racked up multiple payouts!
Her strategy zeroes in on shorting pre-market gainers, especially momentum stocks. She identifies key resistance levels and analyzes order flow and market depth using Level 2 data before pulling the trigger on trades.
With the high volatility of penny stocks, she uses tight stop losses to manage risk, deftly navigating the challenge of stop hunting.
Tip 1
When is the right entry?
Many traders use different indicators, but I don’t rely on anything set in stone—I focus on timing and execution. The only indicator I use is VWAP. I considered making it a rule to exit when price hits VWAP, I’m still a work in progress.
Tip 2
Shorting pre-market gappers
I check stocks to see if they’re hitting a high or key level, like $6 or $6.50. If a stock runs up and slows down, I use Level 2 to assess before taking a position. These momentum stocks can make major swings, and without a stop, they can get out of control. Accepting losses is hard, but it doesn’t always mean I made a mistake.
Tip 3
About losses
I realize that if I stay in my head about it, it drags on longer. So I try to look at what I did—sit down, review my rules, focus on what went wrong, and bounce back. Today, I’m trading a little scared, but my best trading happens when I’m not afraid to make a mistake. The stock market always humbles me.
