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.

The first thing to be learned, with a few exceptions, is that three symbol stocks are listed on the NYSE (New York Stock Exchange) or the AMEX (American Stock Exchange), while the 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.

Next, the new trader usually learns that most day traders prefer to trade NASDAQ stocks over