In Part 2 of the 2017 Scalping series, Tom and Tony discuss how to search for opportunity in the market.
They first review the list of suitable scalping symbols that were covered in Part 1. What separated the two tiers, were liquidity and capital efficiency.
From these symbols, they search for opportunity by looking at price extremes. This may be symbols that are at record highs or lows, or (as shown in the visual) symbols that are making larger than average intraday moves. Finally, the two tackle what constitutes a “normal” intraday move.