Day Trader Stock Picks


I read your article on how to day trade stocks and I would like to give it a short. Day trading is the practice of buying and selling the same stock position — or option — within the same trading day. Day traders watch their stock positions carefully, trying to choose the best time to buy and sell in order to maximize their profits. A day trader can take advantage of a struggling or lousy market situation by leveraging short-selling strategies.

trading strategies

The stock trades an average volume of 38 million shares, out of 513 million shares outstanding. The price has ranged from $5.47 to $45.95 per share over the past 52 weeks. Marathon Digital Holdings‘ beta of 5.15 may make it too volatile for all but the most experienced day traders. It’s also very active, with an average trading volume of 17 million shares, out of 118 million outstanding. In the past 52 weeks, the share price has ranged from $5.20 to $83.45.

Even better, these firms tend to be sensitive to macroeconomic reports and news headlines. In the wake of the financial crisis, many day traders made a killing off of unsteady banks’ volatile price swings. Before you decide to start day trading, you’ll need to figure out what stocks are on your radar and focus on them. With so many choices out there, it can be an overwhelming task to identify the right stocks to add to your watchlist. So how do you know what stocks are best suited to this type of trading? Read on to find out about some basic tips for general stock selection as a day trader.


That’s because it’s easier to find buyers and sellers for the stock in question. You don’t need to be attached to your television or the news, but you should know when earnings season is and what the economic calendar looks like. This should help you identify the potential stocks for your trading day. A reversal occurs when a security’s price trend changes direction, and is used by technical traders to confirm patterns.

However, an unexpected rebound may lead to a short squeeze, where short sellers scramble to cover their shares. Short squeezes can be extremely profitable if you are positioned in the stock beforehand. A day trade occurs when a trader opens and closes an equity position in the same trading session. Day traders look at trades differently than investors and swing traders. The best day trading stocks are totally different from traditional investments. Before you start, know that day trading is high-stakes and high-stress.

Best Stocks For Day Trading (US & Canadian) – Updated Weekly

Place a stop-loss just below the most recent low prior to entry on a buy signal, or just above the most recent high prior to entry on a short signal. For example, if risking $0.10 per share, the stock or ETF should be moving enough to give you at least a $0.15 to $0.20 profit using the guidelines above. More trendlines can be drawn while trading in real-time to see the varying degrees of each trend. Drawing in more trendlines may provide more signals and may also provide greater insight into the changing market dynamics. Hi Cory, the majority if your suggested daytrade stocks are in downtrends. How can i get access to stocks with the same criteria, but in uptrends.

Here are some of the best brokers you should consider for your day trading. The best day trading stock is one with enough volume and volatility. When a stock trades often and in high volumes with a reasonable price fluctuation, it presents an opportunity for investors to enter and exit positions quickly. This means that you know you can get some action on the day you plan to trade. If not, you will likely be sitting on a long-term position that doesn’t match the needs of your day trading portfolio.

average, another electric vehicle maker, is slightly more volatile with a beta of 2.13. The company has 3.133 billion shares of stock outstanding, and on average, 72 million of them change hands each day. The stock has a 52-week price range of $202.00 to $414.50 per share. Pay attention to the volume of shares being traded as well as the number of outstanding shares. For example, suppose two stocks are both trading 10 million shares a day, but stock A has 100 million shares outstanding and stock B has 500 million shares outstanding. 10% of stock A’s shares are trading hands each day, while just 2% of stock B’s shares are moving.

Day traders have limited time to capture profits and must, therefore, spend as little time as possible in trades that are losing money or moving in the wrong direction. Short sellers should isolate stocks or ETFs that are relatively weak. In this way, when prices fall, you are likely to be in stocks or ETFs that will fall the most, thus increasing the profit potential of the trade.

Best Day Trading Stocks To Buy for 2022

Ideal short-term trading candidates have ample share floats and trade at high multiples relative to their peers. Even if you find yourself on the wrong side of the trade, these equities usually offer an easy exit strategy that can reduce your losses. When day trading it is important to pay attention to the trade volume index. Day traders can find it daunting to scan the universe of stocks for trading signals and keep track of open positions. A trend is the general price direction of a market or asset.


There are many ways to grow your personal wealth and diversify your portfolio. Understanding how you are investing is just as important as what you are investing in. In this article we present the list of 11 Best Day Trading Stocks To Buy. Click to skip ahead and see the5 Best Day Trading Stocks To Buy. With a leveraged ETF like this, the index goes down, the ETF can go down three times as much. If the index goes up, a leverage ETF like this could go up three times as much.

Are Stock Options a Good Investment? 3 Advantages To Know

Another critical factor that drives Tesla’s relevance as a day trading stock is the perpetual media coverage of the company and its activities. The company’s CEO, Elon Musk, is famous for his eccentric persona and confrontational approach toward financial regulators. And a mere positive or negative speculation arising from news can cause the price to move significantly, making it one of the best stocks to buy for day trading. Making profitable day trades consistently takes tons of work. Hours of research and analysis can go into just one day trade.

  • The same is true for stocks that tend to move more than $1.50 per day.
  • But day trading is inherently a high-risk investment strategy—one that requires a great deal of diligence, knowledge, expertise, and patience.
  • A day trader relies on price fluctuations to lock in profit.

Farfetch, an e-commerce luxury fashion retailer, has a beta of 2.83. Its average trading volume is 10 million shares, and the company has 381 million shares outstanding. Over the past 52 weeks, its stock has ranged in price from $6.52 to $47.30. The following best day trading stocks are ranked based on hedge fund sentiment.

Shares of TWLO trade with an average volume of over 4 million, so the market for this stock is nice and liquid. Additionally, this stock has a tendency to move drastically, with a monthly volatility rating of over 4%. Share prices are currently trending upward and have gained over 47% since the beginning of 2019. Peloton has been in the news lately for its volatility but has a beta of just 1.50.

What is the maximum leverage for stocks while day trading?

Knowing some of the that characterize day trading can help you prepare better to adapt to them. Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues.

It has an average trading volume of 10 million shares, out of 177 million shares outstanding. This is the average spread between the high and low each day and indicates intraday volatility. This metric is available on some trading platforms that cater to day traders. Despite a recent drop in average daily trade volume, Tesla remains an outstanding day trading stock.

Profitable day trading requires extensive research and analysis, so it’s not for everyone. If you still want to jump in, here are a few pointers to help you succeed. Identifying the right stocks for intraday trading involves isolating the current market trend from the surrounding noise.

Best Stocks and ETFs for Day Trading

You may have picked the sweetest stock in the world, but profiting from it will rely on following specific strategies. While there are numerous intraday strategies, the important thing is to stick to certain established guidelines. By looking for certain intraday trading signals, you are more likely to succeed. Day traders who execute intraday strategies attempt to profit off of price changes for a given asset using a wide variety of techniques. Once a trading opportunity has been identified (one stock, multiple stocks, or exchange-traded funds ETFs, etc.), the next step is coming up with some ways to profit from them. Even the stocks below are pretty low volume for day trading.