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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Marlin C. Harmon who wrote (571)	2/22/1998 9:25:00 PM
From: Ken Wolff	Read Replies (1) of 2120

<<<<<<<I have an additional question- When do you determine that a stock has sufficient volume to conform to your "no low volume stock" rule? Do you include in your daily routine as you pick the candidates for trading a quick check of the average daily volumes or do you simply judge from the volume already traded in the stock for the day and possibly extrapolate to come to your threshold value? >>>> Marlin, Sorry missed this one a few days back.... Generally I will look for the average daily volume prior to the open and then I watch the open the first 5 minutes will tell you how active the stock will be for the day. It is helpful to write down the volume on active stocks, not so active, and very slow stocks every 5 minutes for the first 1/2 hour to get an idea of the difference between them and watch how the volume effects the spred.... Good Luck Ken www.mtrader.com

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