Best Stock To Buy For Day Trading

Best Stock To Buy For Day Trading – Here are the best stocks for day trading based on three different scanning methods. This page will be updated weekly before opening on Monday. The discussed stocks offer ample opportunity throughout the week.

For ideas on how to trade the stocks listed on this page, see How to Day Trade Stocks with Trending Strategies. This article provides details on day trading in general, stop-loss, position size, when not to trade, and different entry and exit methods.

Best Stock To Buy For Day Trading

The list below is a sample of daily trading stocks that tend to move more than 5% per day (long-term moving average). This means you don’t have to look around every morning for something new to trade. You know that these stocks are likely to move wildly on a daily basis.

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Average Daily Range % only averages the difference between the daily high and low, not the difference. This statistic is important to day traders because it is the intraday movement that interests most day traders. This statistic represents the typical distance between daily highs and lows.

C3.AI, Inc. (AI): The daily average (30) is 12.7% and the average volume (30) is 31 million. (Historical volume is much lower. Volume for this stock has increased since February. Watch if it continues to fall.)

The list below is a sample of day trading stocks that tend to move more than $2 per day, but are priced below $300. Pick one or two and swap all week.

Learn how to trade these stocks and earn percentages in minutes. Trade for 15-30 minutes a day (trade longer if you prefer). The Price Shares Day Trading Course shows you how.

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If you want a daily updated list of stocks, we recommend getting a Finviz Elite membership. Then run the scan before the market opens and during the day. It looks like this:

Also, keep an eye on the list throughout the day for stocks that make big changes in one of these columns. For example, if a stock only shows a 2% change from its market price, then it starts to see a 3% change, then a 4% change, then the stock moves!

To 100K. Then, as the day goes on, you can continue to increase it so you don’t end up with a list of low-volume stocks. Adjust the criteria according to your needs. Under

Canadian stocks generally have limited trading volume. Canada doesn’t have many stocks. Even the following stocks have very low daily trading volumes. US stocks discuss above the average more than 8 million per day.

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In this scan, we only select stocks with an average trading volume of more than 1 million, a price of more than $8, and that move at least 3% per day.

Disclaimer: Nothing in this article is personal investment advice or buying or selling advice. Trading is risky and if you use leverage, you can incur significant losses more than what you have deposited.

Cory has been a professional trader since 2005. Between trading stocks and forex, he enjoys an active lifestyle, consulting for several prominent financial websites. Lead and coach individual clients.

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Cookies that are not specifically necessary for the operation of the website and that are used to collect personal data from the user, in particular through analytics, advertising and other embedded content, are called non-essential cookies. You must obtain user consent before running these cookies on your website. There are thousands of stocks to choose from, and day traders can choose almost any stock they want. Day trading takes advantage of intraday price action by executing a relatively high volume of short and long trades during the day. Their goal is to profit from very short-term price movements. So the first step for a day trader is to figure out what to trade.

However, even after obtaining this information, you still need to understand the characteristics of these stocks, especially their liquidity and volatility, in order to choose the best stocks to trade. Once a trading opportunity (such as a stock, multiple stocks, or an exchange-traded fund known as an ETF) has been identified, the next step is to find some ways to profit from it.

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Liquid stocks tend to have high trading volumes. This allows you to buy and sell in bulk without significantly affecting the price. Because intraday trading strategies are based on speed and precise timing, high volume makes it easier to open and close trades.

Depth is also important because it shows how much liquidity a stock has at different price levels above or below the market’s current bids and offers.

Day traders need price movements to make money. Day traders can pick stocks that tend to move a lot in terms of dollars or percentages. These two filters usually produce different results.

Volatility spikes can generate above-average returns, but you risk losing more capital in a relatively short period of time.

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There are people who specialize in offshore trading, but most traders look for stocks that move in correlation with their sectors and index groups. In other words, when an index or sector rises, so does the price of an individual stock. This is important if traders want to trade the strongest or weakest stocks on a daily basis. If a trader chooses to trade the same stocks every day, it is wise to focus on those stocks. No need to worry if it is related to anything else.

You may have picked the best stocks in the world, but to benefit from them you need to follow a specific strategy. There are numerous intraday strategies, but the important thing is to follow established guidelines. Finding specific intraday trading signals will increase your chances of success.

The market always moves in waves, and it is up to the trader to ride the waves. During an uptrend, focus on taking long positions. In a downtrend, focus on short positions. An intraday trend does not continue indefinitely, but it can take one or two trades (sometimes more) before a reversal occurs. When the dominant trend changes, start trading the new trend.

Isolating trends can be the hard part. Trend lines provide a simple and useful entry and stop-loss strategy. The following chart of the SPDR S&P 500 (SPY) shows some short-term trends during a typical day.

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You can draw more trend lines while trading in real time to see the different degrees of each trend. Drawing more trend lines can provide more signals and can also provide better insight into changing market dynamics.

To select the best stocks for intraday trading, most traders will find it beneficial to look at stocks or ETFs that have at least a moderate to high correlation with the S&P 500 or Nasdaq Index. It then compares the index to isolate relatively weak or strong stocks. This presents an opportunity for day traders, as strong stocks can rise 2% when the index rises 1%. Stocks that move the most have the most opportunities.

When market indices and futures rise, traders should buy stocks that rise more aggressively than the futures. When futures pull back, strong stocks won’t pull back as much (or maybe not at all). These are stocks that trade in an uptrend because they tend to push the market higher, offering more potential for gains.

When indices and market futures fall, it can be profitable to short a stock that is falling more than the market. When futures are rising within a downtrend, the weaker stocks will not rise much (or at all). Weak stocks offer greater profit potential when the market is down.

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Certain sectors can be relatively strong or weak for weeks at a time, while stocks and ETFs that are stronger or weaker than the market can change daily.

The chart below compares the SPDR S&P 500 and the SPDR Select Technology Fund (XLK). The blue line, XLK, was relatively strong compared to SPY. Both ETFs rise

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