The purpose premarket is when day trading long is Bullish is. What stock is going to explode @ 7:00 am retail time on heavy volume.
Can I buy then and make money fast and also decide when to sell.
If volume is light. Put on watch list for possible buy @ open or during the day.
Conversation
What amount of change in volume would be a good general rule of thumb to make a stock a buy vs watchlist? 10%? 25%? Your lessons are very informative and interesting. Thanks for doing them.
Yes, it’s very high risk competing against computerized super fast high volume trading that works in milliseconds - be careful. They dump super fast don’t blink
I watched the visual volumes load, on my favorite story Isramco and played the “Big Dogs” game years ago.