What "TIME" of the day do you trade Most often?

08:58 Gapping Up

Gapping up on strong earnings/guidance:

SMSI +6%, CELL +6%, AIG +2.5%....

Other News: BIDU +5% (up in sympathy with Yahoo's investment in Chinese e-commerce operator Alibaba.com), MSTR +3.5% (files 10-Q), ILSE +7% (Wachovia Upgrade), DPH +7% (JP Morgan upgrade), CKCM +3% (bounces after 27% drop yesterday), QCOM +3% (Morgan Stanley upgrade), OVTI +2.7% (collaborates with NASA), CHT +2% (privatizes with $2.56 bln US share offer), RMTI +25% (positive patent news)....


Under $3: TMTA +48% (reports JunQ), QEE +21%.
 
Quote from F-Trader:

....
I don't scalp, I usually look for .50 - .75 sometimes a dollar. Every once in a while a stock like HANS will run away and make me a nice $2.00 - $3.00, that's when I made my $2,400. I scale out as it keeps moving in my direction.

.....
Any other ideas?

Mac
More...

I really like this post .....

My advice is to wait until the last 90 minutes of the day and re-sample. I basically watch for signals in my list during the intraday hours between the first 90 minutes and the last 90 minutes - sometimes things happen that yield useful information upon which I dont necessarily trade but note for later .....
 
Very nice post and strategy:)

My broker has a market scanner, and I've run it today at 9.15am to get a list of stocks that gapped up.

Here is the list and the results:
AIG: in at 63.20 out at 62.85
SMSI: in at 5.90 out at 5.77
CELL: in at 25.50 out at 25.50(I went long on this one.. and got stopped)
ILSE: in at 19.65 out at 19.35
FRO: in at 42.53 out at 42.00

Grand total: 1.31$x500 shares=655$
 
This is when I get LOST and can't friggin trade. I am wondering if I should continue to monitor the Opening stocks and continue to trade them or look at others. I normally don't trade my OPEN stocks after I have exited my postion.

Any other ideas?
More...

I play online poker when I can't find any good trades, or don't feel good about the day. Party poker has really soft tables and you can fairly consistently make money there... same kind of action, on a much smaller scale, however.

Just a thought....

- The New Guy
 
Fades for today:

MSTR-Bought break of 10 am high, still in

QCOM-Bought break of 10 am high, still in

OVTI-Bought break of 10am high, still in

CKCM-Have order in to buy HOD

CELL-Triggered

SMSI-Triggered

ILSE-Triggered

RMTI-Pass

TMTA-Monitoring

CHRD-Triggered

ACTI-Pass

I'll post results later. These fades came from the list of aftermarket trading from last night which I posted and todays premarket.

I hate watching more than 8 stocks (4 per screen) because then I need to go to a 3rd screen and it makes things hairy.

I had 9 trades on last week at one time and it sucked, I missed a lot of money that I should have taken off the table.:mad:
 
On day trades:
If you're day trading you almost have to be in there with orders in the AM but I rarely place orders in the 1st 15 minutes except where I can find a European actively traded stock @ open with price that moved over there & I can get it near previous close (below FTSE/DAX/CAC) on the open ------> RTSI is a favorite of mine to trade this way.

If you've closed your positions out & will stop trading then GO ENJOY your day !

Be aware, however, that a lot of professional $$ is working in the last 1/2 hour (traders closing positions & institutions scanning for dumpers, etc.

I do most of my trading in between the OPEN HOUR & CLOSING HOUR.

On interday - setup trades:

Depends on if you auto trade --> I don't,since I prefer to use "alert" & establish a position off the action 2 that time. Its more work but I get a "feel" & have better executioon control.

WHAT ARE YOU TRADING ??
I trade stocks & stock options with quite a bit of hedging.
 
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