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Market Insights

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These Were the Most Active Symbols at TradeStation Last Month
These Were The Busiest Symbols at TradeStation in October

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Tesla was the busiest symbol at TradeStation Securities in October, keeping the No. 1 spot for the fourth straight month.

The rankings were little changed this month. Traders continued to focus more on individual stocks than index-based products. Chinese electric-car maker Nio (NIO) reentered the top 10 and small-cap biotechnology stock Pacific Biosciences (PACB) made the list for the first time.

Here’s a complete rundown for October:

  1. Tesla (TSLA): The electric-car maker maintained its top position for the fourth straight month.
  2. Amazon.com (AMZN): The e-commerce giant held its spot from September.
  3. Apple (AAPL): The iPhone maker remained No. 3.
  4. ProShares UltraPro QQQ (TQQQ): The leveraged Nasdaq-tracking fund held fourth place.
  5. SPDR S&P 500 ETF (SPY): The market-tracking fund rose one position from the previous month.
  6. Nio (NIO): The Chinese electric-car maker rose five spots to reenter the top 10.
  7. General Electric (GE): The industrial stock moved up from No. 12 in September.
  8. Pacific Biosciences (PACB): The genetic-sequencing company surged from 341st the previous month.
  9. Advanced Micro Devices (AMD): The semiconductor company held its position between September and October.
  10. Zoom Video Communications (ZM): The video-conferencing stock edged down from fifth place.

The following symbols exited the top 10:

  • Invesco QQQ Trust (QQQ): The Nasdaq-tracking ETF slipped from seventh in September to 11th in October.
  • Nvidia (NVDA): The semiconductor stock slid from eighth in September to 14th in October.
  • Nikola (NKLA): The electric-vehicle company slid from 10th place in September to 46th in October.

About the author

David Russell is VP of Market Intelligence at TradeStation Group. Drawing on two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.