What should you do if you're not sure you can watch a stock every day?
Use limit orders. Use all or nothing good until canceled orders. Do this for both buying and selling. Pick a stock trading at a price you like, with more than 2x upward potential, as told by the chart. Use a good until canceled all or nothing limit order to buy it at the price you like. Then, place an all or nothing good until canceled limit order to sell it at twice what you bought it for.
If you picked a good stock, at a good price, it should quickly reach your selling price. Your order will be filled, and you don't have to watch the stock at all. Just watch your account home page for sales (orders filled).
You don't get to adjust your selling to try to get an even higher price, this way, but, if you're doubling your money, who's complaining?
I've had problems placing orders for double or more the going price, but a little experimentation just now showed I can place such an order. Since you're placing a sell order as soon as you buy a stock, if you can't place an order at your target price, maybe you should place a sell order wherever you can, and look for, maybe, a more actively traded stock. (If you consistently can't place sell orders for double the current price, you need to find out what's going on. Call your broker.)
As you review charts, try to guess how long it will take for a stock to double. First, how long will it take to go down to a good price ... or is it already at a good price. Then, try to guess how long it will take to go up to double what you think is a good price. If you find yourself thinking "I feel like I can really tell," and "this one should double right away, but this other one will take a while to reach a good price," you're on your way!
You don't so much read charts as you listen to them. Use your gut.
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