Good evening. As summer is approaching, expecting rangy action in indices. So looking for day trading stocks on days indices are ranging. I am looking for any experiences from stock day traders on stocks that are technical and react well to price action intraday. Any recommendations on stocks for intraday trading based on price action? Thank you for your help. Have a good evening
It is hard to know what you are even asking. Do you mean stocks that are easy to predict and profit from on an intraday basis? There aren't any. And if there were it would be silly to alert others to the gravy train.
He is seeking equities that respond well to price action for daytrading purposes. Can't help, Im a futures/forex trader.
I have an automated system that day trades three instruments, SPY, AAPL and FB. Stocks sometimes changes due to price of the stock and volume. For method to work best, has to be over $50 stocks and heavier volume. Method is half trendlines and half indicator if that helps you to understand it does both chart patterns and limited TA.
Fair enough. I've been trading since the mid-late 90's and have no idea what "responding well to price action" means. Perhaps it is self evident and I am just not aware of it. I'd say pick a few high volume, popular stocks like FB and APPL and see if it meets whatever u are looking for. One I like to trade is GILD which in my opinion should be much higher.