I just look at my watch list for the day and buy the one or two that have the best patterns for the day. That's 4 trades in that stock alone. Possibly, but that may not always be the case and in any event, that's not my strategy. Keep in mind, I'm trying to achieve a goal and not necessarily make as much as I can. Avoiding a loss is paramount to me.
Gains are cumulative.
Losses have to be made up before I make the next dime. I want little to no exposure to overnight bad news so if the market tanks tomorrow, I could care less. RSC is thinly traded barely trading 100,000 shares on a good day which is my usual minimum. This morning it opened and didn't move for the first half hour trading only 500 shares. Naturally I was stopped out at a loss.