If you knew a stock would move the next day, how would you be able to get the price you wanted and actually make a profit? I'm tired of catching the ass end of the jump and not making a dime, or actually losing money.
Example: Stock ABC is $20 before the market opens. I place my order, and the stock jumps to $25 when the market opens. But my bid goes in at $24.99 if I use a Market order. If I use a Limit order for lets say $22, it never gets placed. I don't see how you can profit from new information on stocks.
Forgive me for I am fairly new at this trading biz.
Example: Stock ABC is $20 before the market opens. I place my order, and the stock jumps to $25 when the market opens. But my bid goes in at $24.99 if I use a Market order. If I use a Limit order for lets say $22, it never gets placed. I don't see how you can profit from new information on stocks.
Forgive me for I am fairly new at this trading biz.
