The market is vibrant today again. Many penny stocks recovered from last Tuesday throw down but then is it the time to buy? Based on my experience, it's more towards the scalping side than short term trading. Broadway Ind gap down and recovered, Mermaid news was released on Tuesday and gap down while it recovered a little today. The hottest stock was trendlines today as it soared 12.5% being the no 1 in the Top Volume. Now the To 30 Volume is a very good place to scan stocks and as a trader, one must use it everyday to find good stocks to trade.
Feature 1 is to observe how the stocks move up/down in between in the Bottom and Middle. Bottom stocks are always good stocks to source for the next big move while middle stocks might have a chance to reach the Top 1 in the Top Volume like Broadway Ind earlier. Try not to pick the stocks that is already the Top 1 on opening bell.
Feature 2 is to remove any warrants/ETF/DLC in the Top Volume so as to get the most accurate movements of the stocks up/down and where they stand. Should any warrants appear in between, the data might not be accurate anymore and I believe some platforms like shareinvestor allows you to just view stocks and no other instruments.
These 2 features are commonly used by me for 16 years of trading and I shall continue to use it wisely because it has aided me in every fashion I need to make $. Try it and observe yourself.
Ronald K - Market Psychologist - A Stock Market Opportunist
