A Question for Active Day Traders

[youngsequan 10]

Hello Everyone,

 

I wanted to ask the Day Traders out there is they have a list of stocks they trade on a regular basis?

 

I'm trying to gather a list of stock to trade on a regular basis.

 

Thanks in Advance

[zapisy 10]

Hi,

 

It all depends on how you trade and what you are looking for.

 

There may be just one stock that you can trade regularly...

 

All the best,

 

Lukas

[brownsfan019 17]

You can trade something that zips along like RIMM or you can trade slow and stead with GE- and everything in between (from stocks gapping, earnings plays, etc.).

 

That's one issue w/ stocks - finding your basket to trade that day - which is why you may eventually move over to futures where the basket to choose from is much smaller and can give you better focus.

[zapisy 10]

The only problem with futures, is that you can not bid 100 shares... So for someone new, even RIMM is too risky, sice the volume is low, and the slippage is way too high.

 

Would be better to trade SPY or QQQQ for someone new. It is like trading index, but you can size the position.

[Cruiser 10]

  zapisy said:

The only problem with futures, is that you can not bid 100 shares... So for someone new, even RIMM is too risky, sice the volume is low, and the slippage is way too high.

 

Would be better to trade SPY or QQQQ for someone new. It is like trading index, but you can size the position.

 

Both of these are great. Do you follow certain stocks too? If so you might want to follow the one that more closely aligns with your stocks. Having a handle on the broad market will help your stock trading a lot. I started trading these and liked the broad market so much I switched to index futures and more or less stopped trading stocks. But the q's and the Spy are great if the futures are too much for you to start

[brownsfan019 17]

  zapisy said:

The only problem with futures, is that you can not bid 100 shares... So for someone new, even RIMM is too risky, sice the volume is low, and the slippage is way too high.

 

Would be better to trade SPY or QQQQ for someone new. It is like trading index, but you can size the position.

 

Yep, that's why I said eventually move over to futures.

 

There's also the PDT/$25k issue for some and if that's the case then futures or forex is the only option to daytrade.

[MadMarketScientist 11]

I'll give you a few of my favorite movers - but like mentioned above a lot has to do with what your strategy is to whether these would be for you. However, with that said these have fit my criteria now or in the recent past:

 

GOOG

AAPL

WYNN

UWM

SH

QQQQ

AMZN

IWL

ADSK

NETL

NFLX

IWC

BIDU

PNRA

VPRT

 

 

 

  youngsequan said:

Hello Everyone,

 

I wanted to ask the Day Traders out there is they have a list of stocks they trade on a regular basis?

 

I'm trying to gather a list of stock to trade on a regular basis.

 

Thanks in Advance

[cw30000 10]

Another reason to trader future instead of stock is tax. As of now, the highest rate for profit is 23% for futures and 35% for stocks. That mean for every $100 profit in futures, you have to make $118.50 to have the same after tax profits.

 

What if you have a loss? Futures allows you take the current year loss against profits from previous 3 years, while stock only allows 3k a year.

 

Sent from my PC36100 using Tapatalk

[MadMarketScientist 11]

Good point on futures. One thing I liked as well is doing a tax return. When I was a very active stock day trader years back I had to report every trade -- I'm sure these days brokers make that easier -- back then it was a real pain. Still, you have to make sure you account for all the rules, whereas with futures (and forex) I've always found reporting gains (or heaven forbid losses on the tax return far easier.

 

Not saying that's a reason of course to pick one over the other - but it's a nice benefit.

[TDEMT 10]

If you want to "day trade" and like the idea of daily gains, no overnight exposure and no "settlement" period, consider eminis......

 

K1

[WorldTrader 10]

I am looking to trade weekly options...so I can trade APPL at $300 and not take a big bite out of my trading capital. Does anyone have much info or input on Weekly options?

BW

[KalixMOR 10]

Futures should yield more profit then stocks, at least from my experience

[MadMarketScientist 11]

If many are like me maybe they weren't even that aware of weekly options. Thought I like the sounds of it! Something that has to go on my "to-do" list for sure.

 

MMS

[BrianE 10]

One key with day trading is focus. If your basket of target stocks is too big, then you spend a lot of time looking and not so much doing. I have heard that getting a 'feel' for how the stock moves is a great idea. With a big group of targets, you won't be able to get that feel.

Think about picking a single emini or a forex pair to look at and use to check out your system.