How to pick stocks for intraday trading
The first critical parameter for a best stock to intraday trade is liquidity.
A stock should offer enough liquidity i. It is good to have high average daily volume for these stocks.
But not all high-volume stocks are good for day traders. There are also high volume stocks that do not move enough during market hours.
Such tickers should be avoided. You can see that GE stock is a high-volume stock but its daily price range is not good for intraday strategies. You can compare it with KLAC stock. I recommend selecting tickers with 1 million average daily volume.
Rules for Picking Stocks When Intraday Trading | Investopedia
I would recommend thinking about stocks priced above 20USD. If you apply parameters described above you will also find several shares with price north of USD.
Easy-to-Use Trading Software for Trading Stocks, Forex,and eMinis.
I would like to tell you that it is not so risky to day trade tickers with such share prices. It is possible to buy a small amount of shares for each day trade. Good examples of best day trading stocks with price above USD are tickers like AAPL, AMZN, GOOG. Here are their charts.
AAPL is a stock that has a big impact to total Nasdaq stock market sentiment, so I monitor AAPL quotes regularly. Home Start here Trading club Member Login Trading Club Trade Simple Stock Strategies. Enter your name and email to get Instant Access to my FREE tips to get you started on the right path and of course to my regular newsletter with stock picks and attractive ETFs.
Find more on related pages Ideas for a screener for daytraders Ideas to create profitable day trading system More about intra-day strategies. Be Better Trader Four Best Stock Screeners Stock Trading Club Stock Picking Course Simple Stock Trading System. Latest articles What is the best moving average for pullback trading strategy?
Top 4 ways to stay in online trading long enough to succeed Ways to identify bullish and bearish stocks Read your way from nothing to success in stock trading Understanding candlestick charts and patterns Stock Market Investing Tips. Most popular Create Stock Trading Strategy Stock Chart Analysis Ideas for stock screeners ETF Trading Strategies.
Chart reading Chart analysis Chart patterns Candlestick tutorial. Stock Trading Trading strategies Trading systems Stock screeners Daytrading. ETF Trading ETF strategies ETF lists Trading tips. Disclaimer Privacy Policy Affiliates Advertising About Contact me. C Copyright Richard Koza, Atwel International, s. This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.