Considered Low Stock Volume

[AeroKen]

I've asked a couple of my colleagues at work what is considered a Low Volume for a NASDAQ stock and they all gave me different answers.
they say you shouldn't trade with low volumes because its hard to get in and out of.
but what is considered a low volume? (eg. 500,000 or 1,000,000)

Lets say I'm a Pattern Day Trader trading with the NASDAQ SM. should i be trading with stock with volume of at least 500,000 or 1,000,000 or what?

Regards
Ken

 

[murray t turtle]

Quote from AeroKen:

I've asked a couple of my colleagues at work what is considered a Low Volume for a NASDAQ stock and they all gave me different answers.
they say you shouldn't trade with low volumes because its hard to get in and out of.
but what is considered a low volume? (eg. 500,000 or 1,000,000)

Lets say .......1,000,000 or what?

Regards
Ken

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Seldom if ever swing /position trade any stock under average daily volume; of 1 million
and fills are important but not even a priority for me.

However IBD has an approximate goal of 100k vol.

MTH had average vol of 5ook , the pattern /sector was so strong;
tried it ,didnt like that low volume, even though my plan doesnt forbid it.

Your friend s have a good point;
In a multitude of counsellors there is safety
-Solomon, trader/investor king