Short is not a good candidate for day trading because the margin requirement is huge. For example, in IB, the stock below $5 require margin of $5/share.
So when is a good time for day trading buy? I am thinking of several following situation.
1) The company has breakthrough news, the price is go up and after market open, the price is still go up.
2) The company has bad news, the price go down dramatically, then the price start to go up, EMA 5 cross above EMA 34. This could happen either in pre-market or after market open
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