Volume requirement for daytrading?

Discussion in 'Trading' started by listedguru, Mar 27, 2004.

  1. Digs

    Digs

    Trade Stocks that ...

    1) Average true range over the last two days greater than 1, dont view long term ATR calcs as you want stocks that are HOT NOW !
    2) 1 Minute bars and volume must be FULL...ie 20,000 shares traded regular.
    3) Goto www.realtimetraders.com , "before the bell" and or "watch list" or www.briefing.com and view gappers and movers, for stocks for HOT news for current trading day.
    4) Keep a list of HOT stocks with very fast daily bars patterns, like currently TASR, MAMA, RIMM, AAPL, ADBE, RHAT...as good intra days may be likely in the future.
    5) Build a scanner
    6) Find stocks that rally while INDEX fall, I prefer to go LONG only.
    7) Never trade index.
    8) Watch the $VOLD in esignal, that AdvDec volume measure, NOT price, volume over all stocks is there real trend.

    There you will make monies on this advice...I have.
     
    #11     Mar 28, 2004
  2. Incredible Thread....
     
    #12     Mar 28, 2004