How do you choose stocks for daytrading?

Quote from zbojnik:

How do you choose stocks for daytrading? Do you only trade stocks in a certain price range? Between a certain volume range? Big quote change? Small, medium or Large cap? Stocks in a clear up/down trend or sideways? etc...
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Personally, I use thumbnails (one widescreen monitor dedicated solely to 5 min charts, in a 4 by 2 grid, so 8 stocks total).

I watch for a setup based on my technical criteria and intraday volatility. During earnings season, I will add/remove stocks accordingly, based on the price action of a gap (up or down).
 
This.

MAKO and FOSL today. Short from the open. FOSL was worth more than $10 a share even after the initial drop from last night.

Update: Open was 92.54. Right now 79.25. Say you were real conservative, shorted 300 shares. You are up $3900.

Quote from Petrobras:

2) Trade stocks in "play" or on news- Look at as many as you can by finding a scanner and look for certain setups after you pick the stocks. Like the guy said 10am bull flag. Is one easy example. Any stock that is on bullish or bearish news.. that Trades Higher and lower (cleanly) is ALL you should care about (trying to get that money)

This is CTSH today. If you managed to short and get out of this your are leaving with some nice $$$.

This is a simple example. Tomorrow it will be something else.
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Quote from lwlee:

This.

MAKO and FOSL today. Short from the open. FOSL was worth more than $10 a share even after the initial drop from last night.

Update: Open was 92.54. Right now 79.25. Say you were real conservative, shorted 300 shares. You are up $3900.
More...
Damn, $30 gap and its down $13 from open. And if you had 1000 shares = $13,000
 
Yeah, such a big move doesn't happen often but it can make your month. MAKO is more typical. On a $29, you can catch $2-3 on bad news.

Quote from zbojnik:

Damn, $30 gap and its down $13 from open. And if you had 1000 shares = $13,000
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I find stocks that are lowly priced , high volume
are very appealing . Competing with all the
professionals in all the high visibility stocks
is an uphill battle . Larger positions in lower
priced stocks , with willingness to liquidate
at lesser intervals in low visibility issues can
be more rewarding that smaller positions in
higher priced and more visible issues . Just
my opinion.
 
Quote from Alcibiades:

I find stocks that are lowly priced , high volume
are very appealing . Competing with all the
professionals in all the high visibility stocks
is an uphill battle . Larger positions in lower
priced stocks , with willingness to liquidate
at lesser intervals in low visibility issues can
be more rewarding that smaller positions in
higher priced and more visible issues . Just
my opinion.
More...
I can believe it. It makes sense.
 
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