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Old May 5th, 2012, 06:39 PM   #1
zbojnik
 
 
Join Date: Dec 2011
Location: Kraków
Posts: 134
How do you choose stocks for daytrading? Do you only trade stocks in a certain price range? Between a certain volume range? Big quote change? Small, medium or Large cap? Stocks in a clear up/down trend or sideways? etc...
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Old May 5th, 2012, 07:15 PM   #2
davroz
 
 
Join Date: Apr 2012
Posts: 26
[QUOTE]Quote from zbojnik:

How do you choose stocks for daytrading? Do you only trade stocks in a certain price range? Between a certain volume range? Big quote change? Small, medium or Large cap? Stocks in a clear up/down trend or sideways? etc... /QUOTE]

http://dartsinfoworld.com/dartboard-setup
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Old May 5th, 2012, 09:30 PM   #3
simpletrade
 
 
Join Date: Mar 2010
Posts: 88
Stock-Signal-Pro
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Old May 5th, 2012, 10:05 PM   #4
Wide Tailz
 
 
Join Date: Sep 2011
Location: California
Posts: 1,883
1. At 10:00am ET, check the top gainers on the scanner

2. Pull one of them up on a short timeframe chart and look for a bull flag

3. Buy the breakout

4. Ring your cash register
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Old May 5th, 2012, 11:00 PM   #5
FreakofNature
Registered User
 
Join Date: Jun 2011
Posts: 1,094
Quote:
Quote from Wide Tailz:

1. At 10:00am ET, check the top gainers on the scanner

2. Pull one of them up on a short timeframe chart and look for a bull flag

3. Buy the breakout

4. Ring your cash register
With all due respect we both know it's not that easy particularly on intraday bull flags.
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Old May 5th, 2012, 11:15 PM   #6
flipside21
 
 
Join Date: May 2011
Posts: 400
I don't daytrade, but if you look at where the volume is, there's a lot of day trade activity in leveraged etf pairs. Leveraged etfs are good short-term trade vehicles that make poor long-term vehicles of choices in rangebound markets.

tna/tza
fas/faz
tvix/xiv

http://finance.yahoo.com/q?s=TZA&reco=1
Notice the "People viewing TZA also viewed" similar symbols.
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