Good Day Trading Strategy > What are some small cap day trading strategies for the stock market ? Picking Small Cap Stocks to Buy
A beginner usually feels very attracted to the stock market while for example discovering a Small Cap Stock that's being reported in CNBC or the news program and watching it rise steady fast and make new highs from $8 to $32 in just 2 months.
While learning about this successful news story he's saying to himself "Oh boy if I was one of those lucky guys who bought that stock back when it was priced at $8 I easily would have tripled my money by now… That means my 8 grand would have transformed in to a whooping 32 thousand! Hassle free … I would have been able to buy a new car on the spot and probably pick up a pair of Italian shoes by the way!"
The stock market news constantly reports of hot small cap stocks that are breaking out and making tremendous gains on the same day or doubling in price in just a few hours. Back in the bull market of the late 90's you could easily see a good number of hot stocks sprouting out every week.
Those years surely made it look like everybody could easily take LONG SHOTS and make a shiny pile of gold every day in the stock market. But today's market is a different story. A totally different animal.
Some say that the stock market has gotten more realistic. Fantasy land is over and GAMBLING YOUR WAY TO RICHES is not an option anymore. You might get lucky a few times, but your constant loses can wipe you out sooner or later.
The fact that those crazy days are over for now doesn't mean that you can't make a great deal of cash in today's stock market. A lot folks from many walks of life keep making extraordinary profits on a daily basis, pocketing thousands of dollars by trading stocks online.
Success in stock trading starts by applying a wiser and REALISTIC day trading strategies for choosing the best stocks to buy as well as for getting in and out of them with profits in mind.
You need to look at the stock market more realistically. You got to learn that you can benefit when stocks go up and also when they FALL down.
You got to WORK SMARTER and get more selective about the hot stock trading opportunities that you pick. You need to embrace the nature of stock trading and be fully prepared to take advantage of stocks that are poised for a BIG RISE on the same day.
The bottom line is you have to PREPARE YOUR SELF to be successful, just like you would do it in other areas of your life in order to achieve success.
Disclaimer: MomentumStockPick.com are not investment advisors. Always remember that day trading and investing in stocks involve high risks and you can lose a lot of money. Always analyze the level of risk you are assuming. Past performance is just past performance and it doesn't mean that it can neccesarily be replicated in the future.