What are the best NYSE scalping stocks?

Quote from ech15:

i have a feeling you made a typo. 1k-4k.. is 1000-4000 shares. you probably meant 1m-4m. scalping usually works best for stocks trading with a volumn of about 100k-300k when trading a position size of about 3k-5k. once you know how to scalp a beast like genentech consistently, you should be able to do with 10k+ shares.

i don't really like to scalp genentech as there are generally too much news in the stock. but being said that it is a great news stock and i like to trade it when there is a news. if you really like genetech, take a look at scalping opportunities in vz, ibm, pg, gm. as always the key is to be selective and take the money when the market allows you.
More...

interesting thread - i would think the answer would depend greatly upon ones defition of scalping ... namely how large a slice you prefer to target

ech15 - with the size trades you suggest ... given the dollar amount of the shares you mentioned ... with these volume ranges ... how many pennies do you target per trade?

Many Thanks:)
 
Of course reading the specialist is much easier. He is one guy who has certain tendencies and over time you can learn to take advantage of those tendencies. Naz stocks have many markets makers which make it much harder to get a good read on. Just my opinion.
 
yes i made a typo, thanks for correcting it. I find reading the nyse specialist to be better for scalping, you can get to know the personality of the stock so to speak. I would want to get into larger positions with genentech, but my risk tolerance level is not there yet. Does anyone here like to trade the homebuilding stocks?
 
Quote from Hydroblunt:

If you like DNA, you should prob go for the psychotic groups like brokers, steels, homebuilders and oils.
More...
Jeee... What is left?
 
You must log in or register to reply here.
Back
Top