Add OIH and AAPL to this list. The fills on OIH can be a tad slow at times but the intra-day range generally provides enough movement to collect profits.
Let me try to help out those who are unclear on the concept. Or maybe just too lazy to plug in the numbers. NFLX. $1 move in 5 minutes $1/$235 = 0.00425, or ~ 0.4% C. $0.01 move in 1 hour $0.01/$5 = 0.002, or ~ 0.2% Trading NFLX, you can capture - assuming you do it right - twice the amount than C in 5 minutes instead of sitting on it for an hour. Day range: NFLX, about $5 day range. $5/$235 = 0.02127, or ~2% C, about $0.10 day range (today, some days only $0.05, some days $0.03) $0.1/$5 = 0.02, or ~2% (on a good day) About the same percentage-wise. And for CSCO, day range about $0.15 today. $0.15/$17.30 = 0.00867, or ~0.9% Of course... if your income is proportional to the number of shares you traded, not commission to pay... that's a different story.
Since when does it take an hour to make a penny in C? I trade C for a penny and my average holding time according to my prop reports is 1 minute 16 seconds.
There is nothing I hate more than screen filled with stocks. Pick one or maximum 2 liquid stocks and develop no more than 3 trading methods and go at it. Picking and choosing every morning between 50-300 stocks is not the way anyone should make a living. Too stressful I remember when I traded that way, it doesn't pay