Poll: Which of these 2 methods do Daytraders use

[TRADERCJ]

Do daytraders perfer to trade 1 or a couple stocks day after day. Or do you do a scan for new stocks every day?

I personally do new scans everyday, but lately I have been buying and shorting 1 stock over and over again the last couple of days and it has been working really well.

 

[hoodooman]

Right now I buy/sell premarket gaps on stocks with small gaps around 6% because my statistics tell me that these have the most tradable trends. This gives me a small edge so I need a better strategy.

I am curious. What stock can you trade day after day?

 

[Steve Tvardek]

I trade a few stocks day in and day out.

 

[TRADERCJ]

The last couple of days I have been buying/shorting RIMM. It has been nerve racking, but I made money.

Those of you that trade the same stock day after day, do you perfer a stock like RIMM that moves alot intraday (high ATR) , or do you perfer a stock with a decent ATR but moves more slowly.

 

[syswizard]

Trading RIMM intraday: good idea if you've got discipline.
Rationale: VIX (volatility proxy) is near 10 year lows.
Another idea in this environment: Russell 2000 e-mini futures. I was watching them on Friday, and there is good opportunity here compared to the dead S&P e-mini.

 

[andread]

Quote from Steve Tvardek:

I trade a few stocks day in and day out.

Steve, can you explain what "a few" means? I assume you have a pool of stocks you chose for some reason and you know well, and you pick some to trade every day.
If you are not trading on fundamentals I assume this pool can be fairly large

 

[Bitstream]

Quote from syswizard:

Trading RIMM intraday: good idea if you've got discipline.
Rationale: VIX (volatility proxy) is near 10 year lows.
Another idea in this environment: Russell 2000 e-mini futures. I was watching them on Friday, and there is good opportunity here compared to the dead S&P e-mini.

sorry for the off topic but does anyone have any idea were i can find a vix chart goin' back as much as possible? only ones i can find are from 1995 or so....was wonderin' if there are charts that go back at least 50yrs.

tia

 

[whitster]

considering there was no such thing as the VIX 50 yrs ago - probably not

 

[Bernoulli]

Quote from Bitstream:

sorry for the off topic but does anyone have any idea were i can find a vix chart goin' back as much as possible? only ones i can find are from 1995 or so....was wonderin' if there are charts that go back at least 50yrs.

tia

Why not just roll your own -- get S&P data starting back in the Fifties and calculate a moving standard deviation for them.

 

[Bitstream]

Quote from Bernoulli:

Why not just roll your own -- get S&P data starting back in the Fifties and calculate a moving standard deviation for them.

that's painful, how do u chart it...am not a graph-geek neither a math-nerd....and above all...where do i find the time!