Hi, there i am new to day trading, and have been thinking about it and have 5k cash that i want to play with, i have been watching LKO (Lakes Oil) for a number of years now. And especially paying attention in the last few weeks, so i will use this company as an example, I have noticed during a one week cycle that it bottoms out at .010 a couple of times a week and hits .012 a couple of times a week. Is it possible to make money out of a situation like this? if i was to put in say 5k at .010, and sell out at the end of the week at .012. i could make 1K a week? has anyone else got any advise or warning for me?