Do daytraders perfer to trade 1 or a couple stocks day after day. Or do you do a scan for new stocks every day? I personally do new scans everyday, but lately I have been buying and shorting 1 stock over and over again the last couple of days and it has been working really well.
Right now I buy/sell premarket gaps on stocks with small gaps around 6% because my statistics tell me that these have the most tradable trends. This gives me a small edge so I need a better strategy. I am curious. What stock can you trade day after day?
The last couple of days I have been buying/shorting RIMM. It has been nerve racking, but I made money. Those of you that trade the same stock day after day, do you perfer a stock like RIMM that moves alot intraday (high ATR) , or do you perfer a stock with a decent ATR but moves more slowly.
Trading RIMM intraday: good idea if you've got discipline. Rationale: VIX (volatility proxy) is near 10 year lows. Another idea in this environment: Russell 2000 e-mini futures. I was watching them on Friday, and there is good opportunity here compared to the dead S&P e-mini.
Steve, can you explain what "a few" means? I assume you have a pool of stocks you chose for some reason and you know well, and you pick some to trade every day. If you are not trading on fundamentals I assume this pool can be fairly large
sorry for the off topic but does anyone have any idea were i can find a vix chart goin' back as much as possible? only ones i can find are from 1995 or so....was wonderin' if there are charts that go back at least 50yrs. tia
Why not just roll your own -- get S&P data starting back in the Fifties and calculate a moving standard deviation for them.
that's painful, how do u chart it...am not a graph-geek neither a math-nerd....and above all...where do i find the time!