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Books: Recommended Reading |
| TraderAide.com The Trader's Assistant |
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| S&S Enterprises Web Sites: EducationResourcesNetwork.com | Strictly Business Magazine | FrameHouseGallery.com | |
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| The Bull Market by Will Bullas Paper 15"x14" Image 16"x20" Open Edition Poster Release Price $27.30 TraderAide.com Price $20.00 |
| The Bear Market by Will Bullas Paper 15"x14" Image 16"x20" Open Edition Poster Release Price $27.30 TraderAide.com Price $20.00 |
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| The MasterTrader eBook Your complete guide to active trading/day trading. Learn proven strategies and make money consistently! |
| Sure Fire Trading Trading systems, methods and signals. Who else want's to trade like a Pro? |
| The Way To Trade A breakthrough approach to trading in any market |
| Forex Trading Course Learn how to trade EUR/USD, USD/CAD or any other major currency pair. |
| Turn $200 Into $4,630 In 30 Days! Earn money by providing stock research and trading options from your home PC. Step by Step course from a Professional Trader. The Day Trade Forex System The ULTIMATE, Step-By-Step Guide To Online Currency Trading. Online Trading For Financial Freedom Online stock trading, daytrading and short term investing strategy for beginning and experienced traders alike. E-Mini Trading Course Learn how to trade S&P 500 and Nasdaq-100 E-mini contracts. Guide To Profitable Forex Day Trading Learn proven forex strategies currrently used by 2 full time currency traders and make money online consistently. Rapid Fire Swing Trading A Simple But Powerful Overlooked Method of Market Entry and Exit That Has The Highest Probability Of Being Profitable. Day Trading E-Mini S&P Futures Video How To Spot Turning Points in the Market like a Seasoned PRO. |
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| Don’t Overlook Three Symbol Stocks by Floyd Snyder One of the things a new trader learns within a few weeks or so of beginning his new adventure into the world of day trading is the difference between three symbol stocks and four symbol stocks. Fist he/she learns that, with a few exceptions, three symbol stocks are listed on the NYSE: New York Stock Exchange or the AMEX: American Stock Exchange while four symbol stocks are listed on the NASDAQ: National Association of Securities Dealers Automatic Quotation System. You can read more about the three different exchanges and how they operate by visiting their individual web sites. Then the new trader usually learns that most day traders prefer to trade NASDAQ stocks over “listed” (a term that has become know to be referring to AMEX and NYSE stocks but not NASAQ stocks. The reason is quit simple and the root of it goes back to the hay days of day trading in the pre 2000 bubble years. Most of fast moving stocks were NASDAQ stocks. This is where the large percentage of the high tech wonders were listed. It was then and is today where most of the day trading action is. A lot of tools were developed or made available to day traders for the first time and many of them were based on trading NASDAQ stocks. However, along with that action comes a much higher degree of risk. NASDAQ stocks are much more likely to give you huge moves up and down with tremendous spurts of volume, making them much more risky. Of course with that higher risk also come the potential of higher profits… or larger… much larger losses. then slower, more orderly moves. That’s why I like three symbol stocks. As a general rule they will move in a much more orderly fashion. You are less likely to get whip lashed all over the street on listed stocks. They usually move much slower making it easier to read the potential move via such tools as Level2 and Stochastic charts. Of course even three symbol stocks with the right news or set of events can trade in huge volume causing wide swings and added risks. But as a generally rule they will trade some what boring compared to their cousins on the NASDAQ. Normal everyday events like analyst upgrade and downgrades usually do not send the average NYSE stock into a mania move. Instead they will trade in a more orderly pattern. They will often slowly tick up (or down depending on the news) very often taking thirty minutes, an hour or even more to get a decent profit. They often make a number of stock and goes, minor pullback, very not the drastic pull backs the NASDAQ stocks so often do. I find both Level 2 and Stochastics charts much easier to use in predicting their behavior. (See: Tools of the Trader at www.TraderAide.com on Level 2 and Stochastics if you are not familiar with these terms. Keep in mind I am talking in general terms here. Certain three symbol, NYSE or AMEX stocks can trade every bit as radically as any stock on any exchange. There are few that have huge day trader following and can be sent into a frenzy if the right news hits the tape. A few of the sectors the high flyers come out of include the high techs, Internet stocks, semiconductors of course and also biotech stocks on such news as FDA approvals as well as others. After a whole you will recognize the symbols because there fewer of them then on the NASDAQ that trade like a house on fire. Give them a try and see if don’t lower you blood pressure just a bit! Happy trading! No permission is needed to reproduce an unedited copy of this article as long the About The Author tag is left in tact and hot links included. Questions and comments can be sent to: floyd@TraderAide.com. Floyd Snyder has been trading and investing in the stock market for three decades. He was on the forefront of the day trading craze that swept the nation back in the late 1990's, both as a trader and as the moderator of one of the Internet's largest real time trading rooms, http://Daytraders.com He is the owner of http://www.TraderAide.com and Strictly Business Magazine at http://www.sbmag.org |