Selecting a recurring stock for intraday trading scalping strategy

Discussion in 'Strategy Building' started by burtoninlondon, Jun 2, 2021.

  1. I am developing an intraday scalping strategy which is showing some potential but it needs a bit of backtesting and refining.

    It works best for stocks which have a relatively tight spread, have a good trading range, high daily trading volume and decent volatility (but not too much).

    I’ve been thinking I should focus on 1-2 stocks and recurringly trade them on a daily basis but I need some help finding the right stock. Does anyone have any recommendations for stocks in the $10-$80 bracket which have a high trading range pretty consistently day to day?
  2. lindq


    Look at high volume 3X ETFs/ETNs. TECL, TQQQ, UDOW, UPRO, LABU, SOXL etc.