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One idea for trading the same stock is to look for ones that are more volatile. It is easier to realize a sizable profit on a stock when you notice that its value can change dramatically during the day.
Let’s refer back to the Home Depot stock. The stock is rather expensive with shares more than $180 in value as of February 2018. Whereas General Motors stock might change by a few nickels or dimes in value, the Home Depot’s value will shift by dollars. It might start the day-trading at $187 but then fall to $182 at 11am only to go back up to $186 three hours later.
The chances that you have for getting large payouts are greater if the stock is volatile. This would require you to look carefully at how the stock is changing and if you can spot any patterns at a given time.
