Hello, Is anyone here day-trading the TSX successfully? I've been taking an online-trading course, and they're teaching us to look for some very specific criteria when evaluating a stock for trading purposes. A few of those criterion are: 1) daily volume between 500K->25M shares 2) stock price < $30 3) range between hi & low to be > .50 Basically, they're advocating that we look for a .20c gain on 1000 shares, for a $200 day. The problem is that there just don't seem to be very many stocks on the TSX which meet the criteria. I don't expect anyone to provide symbols, but I would appreciate it if any of you Canadian traders would simply tell me if it can be done, or if I'm wasting my time with the Canadian exchanges.
You need liquidity for day trading. US market is much better. And actully most good canada companies are traded on US exchange.