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doll

Any Good Stocks for Scalping (daytrading)?

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I've been investing and swing trading for years. For the past few months I've started daytrading with a prop firm. It's a tough game, but I'm starting to figure it out. Started out position trading on fairly slow stocks like GE, but I actually do better on faster stocks. I'm pretty much a pure scalper. I was trading XOM but it was a bit too volatile. Then I found BAC and I was in heaven! I hardly even used charts, I just scalped it over and over looking at the Level 2 quotes. (promo URL removed) Unfortunately, the new SEC rules limiting short selling apply to this stock, and I don't want to stay with a stock I can't short. So my question is, does anyone know some stocks similar to BAC for scalping, moves fairly fast with nice big candles, but not all over the place like XOM? Also, it must be an S&P500 stock and do over 8 million shares of volume daily. Serious answers please, don't bother telling me I'm a fool for daytrading because I'm already committed to doing this.

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hey doll, if you're trading intraday at a prop firm do you have access to the SPY or QQQQs, I say these because they are super liquid and trade with the greatest volume. I personally trade the futures markets, but have traded the index ETFs in the past. Other stocks I've day traded have been AMZN and RIG, but I've just found that if your trading technical setups single item markets like stocks don't have the same level of participation at entry compared to a multi-item market like an ETF. Again, just my observation. Prop firms can be a great way to learn a trading strategy and your surrounded by traders which is another benefit. I'd be interested in hearing how things are going.

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