One of the things that I do each evening is to look at the biggest and best gainers and decliners for the day. You can always pick out continuations or reversals, especially when a stock is up/down double-digits and more especially if a stock breaks out/breaks down on the daily.
The volume on the first day is nearly always the highest. The second day’s volume declines vs. the first day, but usually still remains higher than average, giving more than enough liquidity to get in/out of trades with ease. I like to stick with stuff that’s about 500k+ in volume.
Then, I check the stocks the next day in the pre-market session for any activity that catches my interest.
As an example, here are today’s biggest gainers and decliners:
Where would you find this list?
Try yahoo finance on the bottom left of the page. They list the top winners and losers by percentage.
Pretty much any major financial site. remember that every resource that I use for trading is FREE.
What about stockcharts.com?
If you are a PPT sub, check the blog section if you want some goodies from me.
Small company, CDH.TO made a large gas discovery a few days ago.
I’d like to trade the 5$ stock because it’s not a BS story- it’s real and word is getting out.
I just don’t want to get beat up by the chart.
It’s on the TSE, do you wonder north or stay in US?
Bought $VALE 28.59
Sold $VALE 28.61
Wow you made .02 cents. Good for you.
AKNS
Bought $GIL 21.07
Sold half $GIL 21.20
You’re good man, it break out
Wow .17 cents, i hope you traded alot of those.
Sold 1/4 $GIL 21.49
Bought $AIG 29.97
Sold final 1/4 $GIL 21.77, Sold $AIG 30.01
KIRK looks like it could be setting up for a swing…
TCK
Bought $GIL 22.07
Sold 1/4 $GIL 22.24
Sold remaining $GIL 22.06
GCI
Long BEAT for the bounce…
g
great post thanks CA
Bought $GIL 22.32
$GIL – full breakout above August high
Sold half $GIL 22.58/59
Sold 1/4 $GIL 22.60
Final 1/4 out 22.33
CA, thought for sure you’d be scalping the new CIT ….
i dont see an edge right now
bOUGHT $cit 28.47
Out $CIT limit 28.49, too wacky for me
/CL broke a trendline forming since 9:30 this AM, now in a nice consolidation after the breakout.
in from 70.33
out 70.54 +21
Now testing the most recent short term minor high at 70.58, failed as expected, should rally back to ~70.66, if we penetrate 70.72 (on appropriate volume) im in for more
ONTY break out
Equally important as finding good setups is knowing how to avoid terrible ones. /CL move fizzled out and considering the awful correlation between oil, the euro, and the spx, i’m likely done for the day… unless of course another b-e-a-utiful pattern presents itself.
Bought $ENER 11.82
SNSS
OMI flat intraday base …it’s thinking about poking the 50day
just went long some dec 110 SPY puts …the improved trade figures may be starting to concern this liquidity-fueled mkt.
December!
Chopping carrots, there, for sure.
_____
Note to Bob- It all adds up, the important thing is to keep growing the account. Every little bit counts, especially when large losses are not allowed to happen.
AIG testing 28