You have a good strategy going but most of us here do not have real time to buy and sell stock. Also most of us don't have that money to play with. I've been following a few stocks for awhile as well.
I have a fidelity account and it takes a day to buy and sell and no real time to buy when it dip and sell when it tips.
I get real time with td ameritrade. Here's the catcher though. If you do not have 25K in your account, once you day trade (enter and exit) like 4 times within 5 days, they will consider you a day trader and wants you to add more funds, up to 25K to your account or they will not let you execute for 90 days. I learned it the hard way when I first starting out.
The strategy is a given blue print and I learned it through my own experiences. It just that I uses real money instead of play money to learn this stuff.
If you trade like the rest of them, you will lose your azz off. If you flip it and trade the unorthodox way, the strategic way, you will come out ahead. Now with strategy, hardly anyone out there will teach you theirs. It is a shady business actually.
They say to buy on a red day when the stock market is in the red and sell on a green day. Red means you are buying on discount plus when stock falls, people who put a stop limit will have an automatic sell by their broker so it looks like everyone who set such limit is selling which then depleted the stocks even more. With chart reading, you buy on their panic and take their shares. You hold to see her rise up again and set your stop limit after having your profit and when she dips a little bit, auto sell with that stop limit feature set. Take profit and run.
There are stocks that I do hold and buy for long. These are the ones that has a future forecast and I am not selling until those forecast are met with due dates. The stocks that I day trade which is not a lot because I don't have that much time to really glue to the screen are the ones that are being pump due to rumors. They say to buy on rumors and sell when such news actually comes out. Pricing low before the rumors buy and when it goes off the roof with news, you sell. If it continues to rise after you sell, it then becomes an option to whether you want to enter again to take more profit or not. Usually I do not get in after I sell. Once I sell, I then day trade it when it continues to rise even further but only buy when it goes down and people sell on panic.
Too many strategies out there but I continued to learn this game and try to find loop holes and exploit it for money. I'm currently trying to study them charts like cup and handle pattern, the double dip, reading candles ect ect.
My next ticker to exploit right now is
CHCI +0.06 @0.66 right now. The day is still young and she is already money. There will be a pull back and that is when I attack for another bounce.
Happy trading.