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Strategies & Market Trends : Sector Day Trading

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To: TFF who wrote (44)4/10/1998 4:07:00 PM
From: ExCane  Read Replies (2) of 86
 
Irby-
I do trade some of these low volume stocks because I use technicals often, then sector and market for confirmation. I find that you can make a bigger chunk faster with a UNPH than with a DELL, you also have less competition. I happen to be lucky with DELL, but get brain damage watching the ECN orders piling up every 16th. I trade both types and admit it's riskier to go with the low volume ones. I don't dip below 100k av vol and avoid the big spread ones with few MM's. I do think we should follow some of the lower volume ones because they move when the sector catches on (opinion my own, comments?). Bob Graham makes good points.
If your method is pure tapereading, you have to be where the volume is or there would be nothing to read, I get you. Let's get on with the lists.
-Alex
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