Stocks which can give minimum 50 cent( or 2%, whichever is greater) intraday swings are those which I prefer. I pick from those which are pre-market active, have substantial news or prev. day range greater than 6%.
Have a journal dedicated to that which somehow gets neglected :D...
Did not take loss in any above but no big trade either. Charts attached for reference.
PS: those who were afraid of trading in nile,bwld check post-market price action.
More imp than slippage... I started losing consistently in aapl once
IMHO there is too much of speculation in them. There was a guy in my firm who was trading POT for 3 years each day. When he started losing had a very tough time.
Occasionally they can be big winners. Some time earlier I...
I trade with Hold Brothers.
1. Can it be hard-to-borrow with one clearance firrm, and easy-to-borrow with another clearance firm?
Almost all actively traded(whatever the price) stocks are ETB. Rare ones which are not: http://locatestock.com/
For scalping and active daytrading, managing size is the most important thing. I'll keep my size in check even when the exit/risk seems clear. Manageable size changes the entire perspective on a trade- one can comfortably add and re-establish several times if not fully sized.
Markets are...
Took two huge losses in CPA and gave back all that was made in premarket(Pardon Me O' Trading Lord!). Currently biggest trade remains in AYE in which I booked 70 cents on big size. Made another good trade in CERN, fresh big move from good level. Average day so far. Charts attached for reference.
AYE, TDC, CPA, EQIX, CERN, GENZ, VIA.B
expecting a gr8 open, there are a lot more stocks, will be trading more aggressively. Currently short in TDC(.95) and AYE(22.70).
BUCY, BIDU, RMD, EW, CERN, DV
Bidu is the best one to trade in news- http://www.elitetrader.com/vb/showthread.php?s=&threadid=188029 will watch the level 470.
The opening trades have become more important than ever(http://www.elitetrader.com/vb/showthread.php?s=&threadid=190027). I've decreased my loss limit to good extent for open trades because I dont really think it's possible to cover back in mid-day. The other think which helped me a lot is...
Lost money in CAT. Made money in TM, BUCY. Currently holding TM short@75.20. Will trade only on short side for rest of day unless market goes back to 10050. Charts attached for reference.