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What are the most popular high volume stocks for day trading?
- Thread starter luv2glyd
- Start date
Quote from stock777:
i love how they talk about $1 moves with no regard for the price of the stock.
Let me try to help out those who are unclear on the concept. Or maybe just too lazy to plug in the numbers.
NFLX. $1 move in 5 minutes
$1/$235 = 0.00425, or ~ 0.4%
C. $0.01 move in 1 hour
$0.01/$5 = 0.002, or ~ 0.2%
Trading NFLX, you can capture - assuming you do it right - twice the amount than C in 5 minutes instead of sitting on it for an hour.
Day range:
NFLX, about $5 day range.
$5/$235 = 0.02127, or ~2%
C, about $0.10 day range (today, some days only $0.05, some days $0.03)
$0.1/$5 = 0.02, or ~2% (on a good day)
About the same percentage-wise.
And for CSCO, day range about $0.15 today.
$0.15/$17.30 = 0.00867, or ~0.9%
Of course... if your income is proportional to the number of shares you traded, not commission to pay... that's a different story.
Quote from Bolimomo:
Let me try to help out those who are unclear on the concept. Or maybe just too lazy to plug in the numbers.
NFLX. $1 move in 5 minutes
$1/$235 = 0.00425, or ~ 0.4%
C. $0.01 move in 1 hour
$0.01/$5 = 0.002, or ~ 0.2%
Trading NFLX, you can capture - assuming you do it right - twice the amount than C in 5 minutes instead of sitting on it for an hour.
Day range:
NFLX, about $5 day range.
$5/$235 = 0.02127, or ~2%
C, about $0.10 day range (today, some days only $0.05, some days $0.03)
$0.1/$5 = 0.02, or ~2% (on a good day)
About the same percentage-wise.
And for CSCO, day range about $0.15 today.
$0.15/$17.30 = 0.00867, or ~0.9%
Of course... if your income is proportional to the number of shares you traded, not commission to pay... that's a different story.
Since when does it take an hour to make a penny in C? I trade C for a penny and my average holding time according to my prop reports is 1 minute 16 seconds.
Quote from jokepie:
If you really wanna make dough doing day trading ... ONLY PLAY ... what is IN PLAY.
News driven High (unusual) volume stocks.
Set your scanner to filter
- Over 1M avg volume
- Trading >3 times avg volume
- Price range (10 - 150)
- Equal or larger than a Mid Cap stocks (size of the company)
Look for a quick snap of the news.
Size up based on you risk parameter and trade the Direction in with the stock is drifting and not what the news suggests.
Be quick to flip sides if initial trade goes south. Do not enter your full size in one shot. size in.
These need you to be in top shape - quick to act but gotta let the winner run as always.
IF You or anyone do not believe in this method. run the scan for any day, and check out the charts and see for your self... pretty darn directional with little of no reactions. Coz its hard to manipulate these ITEMS.
Gud luck.
If people are smart they will bookmark this guy's post.
There is nothing I hate more than screen filled with stocks. Pick one or maximum 2 liquid stocks and develop no more than 3 trading methods and go at it. Picking and choosing every morning between 50-300 stocks is not the way anyone should make a living.
Too stressful I remember when I traded that way, it doesn't pay
Too stressful I remember when I traded that way, it doesn't pay