How to pick stock for the next day?

vagar11

Well-Known Member
#2
Stocks closing near High of day will do better tomorrow.

One technique I use sometime use is deviation of last traded price from closing price.

At around 3:27 PM, you can look at weighed average price of last 27 bars and can make a guess about the closing price. If there is a large gap between the traded price and expected closing, u can buy and sell nxt day. Ofcourse there are some risks associated with it. This will happen more often in small cap stocks. Requires low brokerage.
 
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