Will this help me make a lot of money?

Question

I've found a site that provides select analyst calls before the stock market opens. Everyday I would go online and check out the symbols for stocks that were selected, "raised to out perform" or "raised to buy".

95% of the time these stocks would increase during the day, anywhere from 1% - 6 or 7% it might even go as high as 15% in that day.

I know the laws about day trading, but besides those laws what stops me from investing money for the day and taking advantage of these calls.

I also know the disadvantages of short term capital gains ~ tax wise so don't use that as a negative.

Answer 1

This is not "investing".

Answer 2

I just got into a program where you can earn 1% a day compounded daily on your investment!! Also you can take out profits everyday if you want. If anyone wants more information on it email me at [e-mail].

It is blowing up fast!!

Tim

Answer 3

No,that will not work since the news of upgrades before the open is reflected when a stock gaps up in the morning. Thus you will have no statistical advantage. You simply cannot get into the stocks fast enough to capture the moves, try this strategy in demo mode to prove it to yourself, but as a trader I can tell its not that easy to make money in the markets.

Answer 4

Nothing is stopping you from doing this.  But if this individual's picks are making 1 - 6% a day, I wonder why he/she is publishing this.  Why would they not keep this knowledge to themselves & make millions??  Why make it common knowledge??

Even at 1% a day, that's near 250% a year (taking out weekends & holidays).  How is this possible in a bear market??  I suggest it isn't.  

Also once you make 2 - 3 trades a week, your brokerage is going to figure you for a day-trader, and you will have to come up with 25k pretty quickly.  

If it sounds too good to be true, it probably is.