This is Real Problem for an Intraday Trader Who Trades in equities ...
How to decide upon a list of stocks to trade Intraday on next day ???
I have following ideas to solve this ...
1. Take
1 minute liquid stocks and make a
Simple Intraday Range study for at least last month and pick 10-15 best of them who show average range more than average intraday range of all group...And just stick to them ...
2. Something happens on fundamental levels with a scrip which was showing narrow range and /or less liquidity in near 1-6 month history and suddenly after some Big Fundamental Change
it is showing big intraday range from last seven days at least...
3. Select On Breaking News ... But I am weak at this ... dunno how to filter potential breaking news which DO affect price from Non-potential news...
..
4. EOD chart study : - Stock showing some breakout, overbought, oversold, and so on...
Dear reader...If you have anything else than this ... please suggest ...and I will update here ...