Avoid the noise, search for one of two things. NMX I found by running a screener for stocks between $1 and $10 that had over half a million shares traded and we're within 5% of thier 52 week high. Once I had the list it was simply going through each one and review thier chart. NMX has been making new 52 week highs since June. Looked like a great momentum play and the volume was picking up.
*Can't post an image from imgur???
link to chart
For both GGI and ACB it was strictly following the volume and using Bollinger Bands / SMA to find an entry point then calculating out an exit point. Keep an eye on the movement through out the day, use stop losses to protect the potential downside and move the stop loss up as needed. I have watch lists for the top volume stocks over the last 10 days, knocking off stocks that have volume dry up and go back to review them throughout the day as a I have capital to invest.
I'm lucky in that there is only one day a week that I cannot watch the market till 2pm. Two days a week I can watch it all day.
My original thesis was to take $30k and see if I could simply get a 5 to 10 percent return weekly. I watched a tonne of YouTube content on momentum trading and they are all American as it's not only easier to watch premarket but they generally have better tools. I have been using think or swim linked to my TDDI account but suck at using it. I'm doing all my SMA/Bollinger Bands on my TDDI account refreshing the charting screen, LOL. I'm thinking of getting the active trader platform with level 2 data to help with research and charting.
I can't believe the returns so far and I mean I could be getting lucky but thats one hell of a lucky streak so far...