Anyone interested in daytrading GOOG?

[ducati998]

Anyone interested in daytrading GOOG?

Specifically the Open. The majority of the money can be made on the Open and first hour: after that [true of most stocks without news] you enter the chop.

There is a chatroom, unused, which we can use for the time-being.

jog on
duc

 

[ducati998]

Sell Short GOOG
Target $625

jog on
duc

 

[ducati998]

Close trade @ $626.37

Small profit, but, hardly worth the effort. Definitely trading the Open is the best and most effective way forward.

jog on
duc

 

[wackypete2]

I used to daytrade Apple. Very similar price patterns and nice volatility. Both AAPL and GOOG were better for trading when they were much lower, around $200 or so. Trading the last hour of the NYSE was also very lucrative.

I don't trade stocks much anymore, though. Now it's mostly forex.

Good Luck!!

Peter

 

[ducati998]

wp,

There seem to be far more FX traders here now. Odd really, far more volatility in stocks.

Ta!

jog on
duc

 

[ducati998]

Just a quick note, GOOG did in point of fact hit $625 intra-day.


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duc

 

[ducati998]

Daytrade setting up in PCLN at the Open

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duc

 

[ducati998]

Filled @ $453.30 in PCLN

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duc

 

[ducati998]

Exit @ $453.90

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duc

 

[SpiritBeing]

Was thinking of day trading stocks and if i did then google would be an excellent candidate. I used to trade GOOG actively when I was trading EOD.

But i find that FX and Commodities have better liquidity....but its just preference i suppose. I havent ruled out day trading stocks again but not in the near future.

 

[ducati998]

SB,

Liquidity is hardly an issue in S&P500 stocks unless you're trying to swing positions in the 10's of millions. Possibly the micro-caps might present an issue, but GOOG?

jog on
duc

 

[SpiritBeing]

SB,

Liquidity is hardly an issue in S&P500 stocks unless you're trying to swing positions in the 10's of millions. Possibly the micro-caps might present an issue, but GOOG?

jog on
duc

Hello Ducati

lol....ok ok, i didnt mean to ruffle any feathers.

I used to trade google ALOT! Either way you are right. Unless you talking large volumes of money then yes.

Unfortunately my style of trading is always about creating a scalable money management strategy...so this led me to look at the question from a liquidity point when your account starts scaling upwards.

But in essence you are totally correct...GoodLuck

 

[ducati998]

SB,

Leaving liquidity to one side for the moment, why, apart from leverage, which used to be 200:1 in Fx, would anyone want to trade Fx when the volatility in stocks is so much higher?

If you are talking money management, then leverage is a killer.

You want high volatility to provide the returns to a smaller allocated capital at risk, which is provided by stocks. Low volatility, with high leverage [Fx] is a dangerous game to play.

jog on
duc