I wanted to see if there are any old Nasdaq momentum trader/scalpers who have returned to the game. I am not talking about liquidity traders but scalpers that would trade for 5-25 cents doing a decent amount of shares and trading off of futures movements. Most of the people that I know who traded this way 1.5 years ago (and were doing very well then) had switched over to trading NYSE stocks. However over the last few months there has definitely been an increase in volume, volatility, along with a significant price increase in many old nasdaq daytrading favorites like qcom, brcm, and the internet stocks. However it seems many of the large cap high volume NYSE stocks have not been giving the same kinds of opportunites as they had been several months ago so I am kind of wondering if I have been missing the boat by not going back to nasdaq.
So basically I would like to see if any of the old traders have had any success scalping nasdaq stocks again. I played around with a couple nasdaq stocks today, which I basically have not traded for about a year, and was quite impressed with the movements. However today seemed a little out of the ordinary for volatility so I am wondering if others are having some success again with them on more normal days.
So basically I would like to see if any of the old traders have had any success scalping nasdaq stocks again. I played around with a couple nasdaq stocks today, which I basically have not traded for about a year, and was quite impressed with the movements. However today seemed a little out of the ordinary for volatility so I am wondering if others are having some success again with them on more normal days.