Trading big instruments ES/SPY like small caps or penny stocks

I'm just curious if there are other traders that apply (besides some excellent order flow reading) special intraday patterns like gap-up/ -down continuation, panic dip-buys in the morning after some strong day(s), mid-day breakouts etc. in their trading styles and be aware of these trading patterns?

It works extremely well for me, it's basically treating these big instruments ES/SPY like small-caps or penny stocks since brokers offer us enough leverage to do so.

Who else does a similar approach (besides his own trading style) and/or what instruments are your favorites for these kind of patterns?

Feel free to post your answers or experiences.

Alright.

Just also curious if anyone here on FF trades small cap stocks, penny stocks, gappers with voulme etc. and/or even 0DTE or weekly Options etc. and if so, how and where.

It's a forex forum but feel free to share your views.

You have mixed different assets and their dynamics here....
ES/SPY are lighly liquid, therefore there is no issue in finding intraday opportunities there. For scalping they are really good. For inteday patern breakouts , for siwng trading , basically for all trading methods they are good as long as you have a proper method.
Now, taking small caps stocks. Sure, some patterns might form and resemble the ones that are with SPY, but they far less liquid. So, you have to be realyl careful when wanting to scalp - spreads mgiht be not so good. I know, it all depends on the individua stock, some mid-low cap stocks are just heavy in volume, I get it....But based on my obsevation, the follow a completely differnet dynamic. Sometimes it is just noise, no clear patter like in spy , qqq or dji....
As for penny stocks, I think they have to be treated differentyl. You see, when some pnny stock burst out - it is early early morning, very first minute I would say. But almost all of the action happens in the premarket - 9:01AM, and the stock is 300+% UP...if you enter, you mgiht be -50% easily. So what is the strategy here with SL then?
One tactic would be (as I thought) is to check the first 15-30 minuts, look for patterns in that time period, sometimes clear flags with tight formation are formed, if so, then probably the price will continue shooting up, up to another 100%. It is not rate for penny stocks to go like +500% easily in the first 30 minutes. So, it is more like super fast swing trading.
it is possible, but really HARD. Have you tried that?
However, some penny stocks are good to be analyzed , with proper DD. Just take for example the recent run of ABAT and quantum stocks. There were a lot of buzz around them before their spectacular runs. I saw on reddit folks making millions on ABAT...but the question is - how do you identify 10-100x baggers among thousands of penny stocks. So, again it is classical dillemma of RR and winning ratio...if you skew them in your favour with good research - hit me up
As the saying goes - there are numerous ways to make money in trading. but super hard to find them, even one...