Guys, What are the most popular stocks for daytrading ( not scalping ) ? I would like to test some of my methods on unrelated stocks other then MSFT or Intel . Thanks, Walter
I used to, but got hooked on futures and never looked back. With the tax advantages, and the ability to truly reduce risk through trading of completely uncorrelated markets I simply can't imagine why you'd want to trade stocks.
Actually, equities in the short term is also a zero sum game. Statistically there is little to no daily serial correlation in stocks, so if you are a true day trader, that's essentially a zero sum game when considered over enough periods. Longer term trading is another story. Does the fact that futures is a zero sum game make it more difficult to make money? Perhaps. All I know is I struggled for 3 years to trade stocks and never really understood what was going on. I had my epiphany with futures and now understand what is happening and why I do what I do. I am also profitable and unlike before when I would have occaisional wins, I'm supremely confident that the results will continue.
I have been trading The $SOX for 3 yrs. Good for both scalping and holding longer intra day positions.
SINA, SOHU, NTES, And fast moving small coms. IVAN,....(I can't remember what I used to trade,) basically, anything with news. I watch the ticker during 8-open and try to spot a fast mover. then I wait till 10-10:30 to get in. That way i get the direction down. I used to trade KLAC, MSFT, QLGC But I either caught a shift, or my technique changed...whatever works for you...stick with it for a while. Until you find something else. Good Luck.