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What do most think of as a "strong move" on a stock? If a stock has an average daily range of say 1.5 pts what would most consider a strong move as a percentage of range? Has anyone done any studies or research? I'm talking about a move that contains no more than a small pullback..ie: 1 or 2...

It allows me to trade bigger because of much smaller stops...and sleep at night ....LOL

I'll agree they have a big edge by knowing the book, but they lose and sometimes lose big...remember they HAVE to buy what everyone else wants to sell and visa versa....in a market where the stock trades heavily in one direction all day they usually lose and the goal for that day is to just keep...

I believe that it is absolutely possible to earn a good living daytrading stocks....sure there are no 30 point daily ranges anymore, not even very many $100 plus stocks...but there are quite a few that still have enough range to make a nice daily profit. I'll agree that the universe of stocks...

I'm hoping to just catch the nice quick moves of substance intraday..I also use a relative strength ranking system using the open..and use that as another filter...nothing fancy just visual..if its in the top of the ranking I can play it long..if its at the bottom I can short it.

One other thing is that I use the slope of the 20sma as a sort of filter also..for a long I need to see it turned up and to short I want to see it heading down...when its pretty flat I sit on my hands. For my exits I am always looking for range expansion ...if I get a spike and then a ledge...

I use stops for initial protection...(since I trade mainly NYSE with a minimum ATR of 1.5)...i use trade sizes divisible by 3 and immediately put in my stop along with a limit order for a gain on 1/3 position equal to my stop...so if my initial stop is say 30cents i put in a limit to sell 1/3...

I use a 4,9 and 20 on a 5min chart with a 15 and 30 min chart to look for support and resistance levels to use as targets for my intraday trading. My so called filter to try and keep the chop to a minimum is entering only when range expansion takes place either through the 20 or off the 20 . I...

Depending on the size lot your trading the specialist may never have anything to do with your order. Each specialist has an assistant that works the box and takes care of most small orders. On a day the stock seems choppy your right the specialist is making a nice buck..but on the days a stock...