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Scalping one stock ?
- Thread starter Surprise
- Start date
i trade forex , indices from 4 years , i want to try to daytrade stocks instead of cable and euro , i mean by scalping to trade the stock many times every day and i dont mean to take a dime only , i want something moves quickly like GS , i want your ideas , which stock u found it easier to scalp ? is it better to concentrate on one stock only for daytrading ?
EpiphanyTrading
ET Sponsor
Quote from Surprise:
Guys if i want to daytrade ( scalp ) one stock only which one u advice me to stick to ... ?
Hmmm...... If you are looking to scalp one stock, try sticking to one that is in the news. However, you might not know that you really dont want to "scalp" it is rarely profitable after commissions.
If you need a list of stocks to trade, read Erik Kolodny's blog in the AM. He posts it on here.
Many of the newer 3x leveraged ETFs have become very popular for this purpose. However, alot of traders simply churn these on days when no move develops.
EpiphanyTrading
ET Sponsor
Quote from trader_404:
Many of the newer 3x leveraged ETFs have become very popular for this purpose. However, alot of traders simply churn these on days when no move develops.
Agreed. However, if you buy the breakouts and break downs, with tight stops you can make alot with the leveraged ETF's
DANGEROUS for novice traders.