How to Profit Fast Daily from the Stock Market

How to make money quickly every day by trading in the stock market?

3 ways:

1. Buy stock options.
2. Buy Penny Stocks.
3. Buy IPOs.

Buying Penny Stocks:

1. Select a nano or micro cap penny stock.
2. Know something about the company.
3. Track the price movement of the stock. 
4. Understand the company's share of the market, history of profitability and performance. 
5. Use technical analysis to forecast the next move by how the stock performed in the past. 
6. See if it's on the pink sheets, a tier on the pink quote. 
7. Investigate not just the company but also the product it makes. 
8. Look for a company with a real product to purchase and give it their name. 
9. Watch the amount of volume that your stock produces each day.
10. Thinly traded stocks are difficult to sell since they don't trade as frequently. 
11. Use a stock that has a higher volume. There are more people interested in buying it and have more opportunity for movement. 
12. Always use a limit order when you trade in penny stocks or volatile stocks. 

Daily Trading on Market Volatility:

1. Decide the amount of trading capital.
2. Trade many different stocks at the same time.
3. Understand the economy, industry and sector.
4. Get information about specific companies.
5. Adopt a strategy: Momentum or Contrary.
6. Look up the price chart for the stock. 
7. The sharper the angles, the higher the volatility. 
8. Look up Google Finance, Yahoo! Finance, or MSN Money; 
9. Obtain the Beta of the company.  A measure of volatility.
10. Find companies with highly volatile stock pricing. 
11. The further the beta is away from 0, the more volatile the stock. 
12. Select three highly-volatile stocks in terms of beta as well as their price charts. 
13. Track these stocks over one month.
14. Look for daily patterns in the price chart. 
15. Patterns may emerge in early morning trading hours or after market news. 
16. See if you can predict the price movements before they occur. 
17. Make buy or sell decisions based on daily highs and lows in the stock. 
18. Know the natural support (bottom) and resistance (top) levels of the price chart. 
19. Buy the stock when it hits a bottom and sell the stock when it hits a top. 
20. Always take profit and cut loss as planned.
21. Overcome greed and fear. Stay disciplined.

Momentum and Contrary Strategy:

• Momentum strategy is the practice of  "buy high and sell higher."
• Contrary strategy is the practice of  "buy low and sell high." 
• Involves risk tolerance and holding time.
• Momentum trading is perceived as having higher risk.
• Contrary trading is thought as having longer wait time.

Warning:

• Be prepared to suffer major losses.
• Take time to understand those markets.
• Profit made in several days trading can be wiped out in one.
• Do not invest money you can not afford to lose. 

Tips:

• Follow politics and money. 
• Find companies set to benefit from government subsidies and tax breaks. 
• Use an online stock screener. Screen for stocks trading for pennies. 

Sources:

• http://www.ehow.com/