Trading Tip.
If you are day trading premarket?
Keep that trade only Premarket.
Many times hot premarket stocks fizzle after the open.
They are two distinct trading times.
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When a stock is up big premartket, I wait for the 1st dip at least. If there isn't one, I don't chase.
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Facts. A lot of times if I’m in a winner premarket.. I’ll sell almost all of it before the bell and only keep maybe 5-10% to let it roll. Your very green trade can turn very red in a flash so if you don’t take your profits while you got them, someone else will take them for you.
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Great advice and so true...PM has a lot of day traders that dump at open...and sometimes, the do not come back and/or the stock stalls or drops.