Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

anituchka

Please Help Me to Select a Stock for Daytrading

Recommended Posts

Hello, I have traded futures before. I actually started trading futures before stocks. I have had some success with futures but found that I wasn't consistently profitable, i.e. I will make money then lose it, etc. I have read new Al Brooks' books and want to start trading again using price action methods. Only this time I am considering starting with stocks.

 

I would prefer swinging a stock, i.e. buying it and holding it for a couple of hours to make a swing profit, equivalent to 4-6 points in ES.

 

I need your help. Please suggest stocks that have nice long moves (am I asking for too much? )and good volume. Also, I would prefer more expensive stocks (low commission if I trade with IB).

 

On my shortlist are AAPL, GOOG, SBUX, ATVI, WMT.

 

I would also consider trading ETFs but haven't had much exposure to them except for GLD, which I like but it's too wild for me now.

 

Thanks!

Share this post


Link to post
Share on other sites
Please suggest stocks that have nice long moves (am I asking for too much? )and good volume.

 

You want to compare the typical movement in a range of stocks. To compare them you need to find some way to normalise their movement. One easy way to do this is to look at their percentage change rather than their change in dollar value.

 

You could insert a simple percentage change indicator with a single period lookback into you chart. You could then look through a whole load of stocks and see which ones have a high daily percentage change. If you wanted to take this further you could use the scanner/radar/filter function that your charting platform probably offers and input your requirements in terms of percentage change - then the computer will do the "looking through" for you.

 

I hope that's useful.

 

My only other advice would be to consider looking at futures again in light of the Al Brooks methods that you're interested in - low costs, high liquidity, comparitively stable behaviour, and oodles of intraday volatility - futures trump individual stocks for daytrading every time in my opinion, though others are bound to disagree.

 

Bluehorseshoe

Share this post


Link to post
Share on other sites

Hello Anituchka...

 

When searching for a stock to trade I use a search that will provide a combination of the following:

 

1. ATR of 2.0 or better (this will usually put you into the higher priced equities, but it will also list some stocks in the mid 30's)

 

2. Average daily volume >3 million shares... more is better, but I've found 3 million is sufficient... you never really know until you trade it live.

 

I will then choose a price range that fits my account size and share count that I want to trade.

 

After I have that pared down list, I would sort through these by looking at the charts... I use a 10M chart combined with a range bar chart but thats a personal preference. What I'm looking for is price action that hooks up well with my trading strategy. Usually this step will eliminate all but 2-3 choices.

 

I'll then sim trade these until I find the one that agrees with me.

 

This may seem like a lot of work, but I trade the same stock for weeks or months until the price or volume no longer gives me what I need. I periodically will do this type search just to keep a current "go to" list.

Share this post


Link to post
Share on other sites

You might want to look at the stocks from my MILK THE COWS and FADING THE GAP STATISTICS FILTERS.

 

Here is a list of the current TOP 20 "cows"

 

Symbol

GOOG

AAPL

AMZN

WYNN

FFIV

BIDU

NFLX

CTRX

FOSL

ALXN

ORLY

CTXS

LULU

TQQQ

SQQQ

LQDT

CSTR

VRTX

SINA

 

 

The top 5 moved at least 50 cents from open to high over 80 times in the last 100 days and moved at least $1 from open to high over 59 times.

Share this post


Link to post
Share on other sites

For day trading I'm a fan of multi-item markets (as John Carter puts it). Markets like ETFs or index's or currencies that are made up of multiple stocks. That being said learning a specific stock like AAPL or GOOG that is heavily traded might give you that edge.

Share this post


Link to post
Share on other sites

Thanks everyone. I decided to concentrate on one instrument, 6E.

 

By the way, I love your website and blog, Tim, and always read it with great interest. You have a lot of useful information there. :applaud:

Share this post


Link to post
Share on other sites
Hello, I have traded futures before. I actually started trading futures before stocks. I have had some success with futures but found that I wasn't consistently profitable, i.e. I will make money then lose it, etc. I have read new Al Brooks' books and want to start trading again using price action methods. Only this time I am considering starting with stocks.

 

I would prefer swinging a stock, i.e. buying it and holding it for a couple of hours to make a swing profit, equivalent to 4-6 points in ES.

 

I need your help. Please suggest stocks that have nice long moves (am I asking for too much? )and good volume. Also, I would prefer more expensive stocks (low commission if I trade with IB).

 

On my shortlist are AAPL, GOOG, SBUX, ATVI, WMT.

 

I would also consider trading ETFs but haven't had much exposure to them except for GLD, which I like but it's too wild for me now.

 

Thanks!

 

you should consider binary options.

Share this post


Link to post
Share on other sites

If you want to start trading intraday stocks here is a new course from knowledgeable trader in stocks(published books) very affordable with free software and intraday data, also ability to build custom filters in addition to pre-build filters Anyone who trades US stocks will not get probably a better deal on the internet, for comparable courses with ongoing webinars and free software with data others charge thousands of dollars.

Share this post


Link to post
Share on other sites
Hello, I have traded futures before. I actually started trading futures before stocks. I have had some success with futures but found that I wasn't consistently profitable, i.e. I will make money then lose it, etc. I have read new Al Brooks' books and want to start trading again using price action methods. Only this time I am considering starting with stocks.

 

I would prefer swinging a stock, i.e. buying it and holding it for a couple of hours to make a swing profit, equivalent to 4-6 points in ES.

 

I need your help. Please suggest stocks that have nice long moves (am I asking for too much? )and good volume. Also, I would prefer more expensive stocks (low commission if I trade with IB).

 

On my shortlist are AAPL, GOOG, SBUX, ATVI, WMT.

 

I would also consider trading ETFs but haven't had much exposure to them except for GLD, which I like but it's too wild for me now.

 

Thanks!

 

What system do you use to trade stocks? Any stock suggestion will really depend on the system you use. What I see might not match your criteria since your system might follow different entry and exit rules/

Share this post


Link to post
Share on other sites
Hello, I have traded futures before. I actually started trading futures before stocks. I have had some success with futures but found that I wasn't consistently profitable, i.e. I will make money then lose it, etc. I have read new Al Brooks' books and want to start trading again using price action methods. Only this time I am considering starting with stocks.

 

I would prefer swinging a stock, i.e. buying it and holding it for a couple of hours to make a swing profit, equivalent to 4-6 points in ES.

 

I need your help. Please suggest stocks that have nice long moves (am I asking for too much? )and good volume. Also, I would prefer more expensive stocks (low commission if I trade with IB).

 

On my shortlist are AAPL, GOOG, SBUX, ATVI, WMT.

 

I would also consider trading ETFs but haven't had much exposure to them except for GLD, which I like but it's too wild for me now.

 

Thanks!

 

AAPL will continue with high volatility for the next two months so i think you can make some intraday profits. You can check also HLF, FB and RIMM but you have to be very carefull with your trades the risk is very high.

Share this post


Link to post
Share on other sites

I personally suggest you that first of all you have to analyze current market condition and then after reviewing all the thing you can go further because if i suggest you any stocks for day trading then it might be not beneficial for you according current market condition but if market get changed then it will really good for you.. so go for market research before doing anything

Share this post


Link to post
Share on other sites

More volatility does not mean better performance. I believe for inexperienced traders the safest way to start trading is with stocks and when the trader get experienced can move to CFD's or Forex. In the forum you can find a lot of stock trading ideas with analysis and research.

Share this post


Link to post
Share on other sites

Most successful day traders are not greedy bandits and day trading itself, although much maligned, is neither illegal nor unethical. However, it's risky business and should only be undertaken by people who fully understand the process. You can find some stocks that i have in my portfolio (Northrop Grumman, Exxon Mobil, after my fundamental and technical analysis, even though there are not stocks for day trading you can have an idea about the company and you can decide to go long or short

Share this post


Link to post
Share on other sites

It really does not matter what you trade if you don't know how to trade. Now if i understand well you were trading futures live and were losing money, tha is normal for begginers, but the same thing will happen if you choose stocks, bonds, cfds and forex, the problem is not the instrumen,t is that you dont know how to do it ( you will know you have learned when you are consistently profitable and can follow a plan).

 

The first thing I recomend is to write a plan, based in some form of market analysis, test it, ( without money on the line) if that works for a reasonable ammount of time, then commit a small amount of money to it and see if you can follow your plan when real money is on the line (the biggest problem by that time will be you mind telling you not to follow your plan), If you can make a profit with small commitments you will be able to start taking larger positions in the market with the same ammount of risk, the one you are comfortable with.

 

By then you will not bother to ask what instrument to trade, as you will see they are mostly the same thing, buyers and sellers struggling to get control of the market.

Share this post


Link to post
Share on other sites

My thoughts on day trading stocks are quite dim.

 

I believe there are to may barriers to entry to day trade them successfully for the average person.

 

1) capital requirements ( if in the US)

 

2) you need pretty good price movement in a day to actually make money and you need a lot of shares unless you have #1

 

3) Commission cost are way to high

 

 

4) stocks are much easier to manipulate than say futures or fx

 

You also need the right tools like level 2 and such which will eat in to your profits , if you make any , causing you to need to make more to BE athe costs for those tools is also much higher in stock trading than other markets that I have found.

 

You could always try day trading penny stocks ( which is much worse IMHO ) even though they are the sewer stocks of the market. Some have made a lot of money from them. You could get lucky and pick the next google or something like that but the odds are against it.

 

I believe stocks should be kept longer term unless you have the $$ to do it.

 

However if you do decide to venture that way I wish you the best of luck.

Share this post


Link to post
Share on other sites
More volatility does not mean better performance. I believe for inexperienced traders the safest way to start trading is with stocks and when the trader get experienced can move to CFD's or Forex. In the forum you can find a lot of stock trading ideas with analysis and research.

 

i would totally agree - any novice trader should start with stocks and if possible dont start with day trading (most may disagree with it but i have found swing trading stocks rather more easy and relaxed in my days as a newbie) - go for the blue chips or mid caps with consistent trading zones in the past years..... (Yahoo,Msft,Arna,Intel,Blizzard,FB,Dell,HP,Groupon,Zillow etc) would be fine for swings as a starter - once u get better experience with them u may go to micro caps too...

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • there is no avoiding loses to be honest, its just how the market is. you win some and hopefully more, but u do lose some. 
    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.