Can I gain 100% in Stock Trading?

I am going to talk about positive profit growth today.  I have said many times, determine what kind of trader you are and stick to your plan.  First off I am going to say it again... Do YOUR Due Diligence and make sure a stock has the potential to get the profit percentage you want.  Dig deep into the company and see what new's they have had and look to see what they have coming up the pipeline.  Financials, acquisitions, etc.  Are they at the top of their high's or low's?  What do the indicators look like?  Remember I watch the 50 day moving averages. You want the 50 day below the candles.  I am going to use MGM as a chart example.  They have been on a holy terror lately.  The MACD's look great.  By definition MACD:

The MACD Line is the 12-day Exponential Moving Average (EMA) less the 26-day EMA. Closing prices are used for these moving averages. A 9-day EMA of the MACD Line is plotted with the indicator to act as a signal line and identify turns. The MACD Histogram represents the difference between MACD and its 9-day EMA, the Signal line. The histogram is positive when the MACD Line is above its Signal line and negative when the MACD Line is below its Signal line.

Look where the 50 day moving average is.  It is being supported great.  MGM has great volume which is consistent on a daily basis.  I also watch the 200 moving day average.  It will show you the overall health of a stock.  A stock trading below the 200 M/A is generally considered an unhealthy stock.  Many traders will calculate this M/A as a reversal in the stock.  Some traders like to buy a stock when the 50 M/A and 200 M/A cross each other.  See where MGM crossed over last August and has stayed below this crossover?  I am watching the 50 M/A to see if she continues to rise.  If not, I will watch for a reversal.  This is only my opinion and not to be construed as a buying signal.  I am only saying what I am watching for.

I also watch the RSI.  You want it to be high, which she is.  I watch accumulation and distribution.  It is a money flow indicator.  MGM is still turned up.  I like that.  So my point is, there are tons of indicators many traders follow.  If you are just starting out trading, basic indicators should be learned.  I will continue to give lessons on how indicators can help in making profitable decisions.  They don't always work, but ALWAYS be aware!

Ok, here's the meat of my subject today... If you want 100% profit in a stock, determine if the stock has the potential over more than one day of trading.  Can you do it over the course of 5 days?  20% x 5 =100%.  The stock market seems to come in folds of 20%'s.  Even the Market Maker's want 20% on every trade.  Watch and see as you learn.  I will also elaborate on this subject soon as well. Until tomorrow, Happy Trading:)

Here is your free stock trading site of the day for Due Diligence: http://www.ddmachine.com/

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.