The Best Day Trading Stocks

Their average trading volume sits at 1.5 million shares per day and is only expected to grow. The stock has been extremely volatile in the past few months, with a 52-week range of between $3.55 and $163.18 and a beta of 2.83. It’s a risky buy as the company has less than 1 year of cash runway. Another feature we’d recommend is a broker or trading platform that offers paper, or virtual, trading, so you can practice with simulated trades before the real thing.

In fact, looking at the chart above of monthly average returns, September averages the worst among the calendar year. Nevertheless, if you’re planning on buying stocks, perhaps you’re better off doing it on a Monday than on any other day of the week, and potentially snapping up some bargains in the process. Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more. Her expertise is in personal finance and investing, and real estate. If you’ve already mastered the basics of investing, day trading can be an excellent way to make money quickly.

  • As to the best time to trade for profitability, theories abound, but what can’t be disputed is the concentration of trades that bookend the regular market session.
  • Unless you trade more than 200,000 shares per month, you will need to pay a $100 monthly fee for the TraderPro platform.
  • We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations.
  • The Dow Jones Industrial Average fell by more than 100 points, or 0.3%.

Trader Workstation includes essential features for day traders, such as hot keys, which allow traders to rapidly place preset orders with the stroke of a single key. Traders also have access to Level 2 quotes, which show the best bid and ask prices from each market participant. Time and sales data, sometimes known as “the tape” is also available. This is a streaming record of all stock transactions made throughout the trading day, including trade size, price and time. To help them fast-track decision-making before locking in a trade, they require an excellent trading platform with robust tools and solid fundamental research.

Basic day trading strategies

With its preview mode, mobile-app users can create custom watch lists, and view charts and trends without opening an account. The scoring formulas take into account multiple data points for each financial product and service. Although, it takes a great deal of experience, capital, and knowledge to get good at day trades. ProShares UltraPro Short QQQ is meant to be a short-term trading stock.

Utilities was the biggest laggard in the S&P 500, with the sector down by 1.4% during midday trading. Medical devices company Resmed has risen the most since the start of the week, up accurate currency strength meter 7.5% as of Wednesday afternoon. If the shutdown is resolved quickly, defense stocks could outperform tine broader market in the weeks following the resolution, as happened in 2013.

Below is a list of the best day trading stocks and ETFs to consider. The most consistently popular ETF among day traders is the SPDR S&P 500 ETF (SPY). This ETF has a high volume that allows you to trade smaller or larger position sizes based on volatility.

Analysts had estimated per-share earnings of $4.79 on $77.09 billion in revenue, according to LSEG. Meanwhile, e-commerce sales slipped 0.8% compared to the same period in the previous year. Shares of Micron were up 1% in premarket trading, ahead of the semiconductor producer’s anticipated release of its fiscal fourth-quarter earnings results after today’s market close.

Best Stocks To Day Trade

It’s essentially a full-time job, because you need to constantly be watching — and timing — the market, waiting for your next move. TradeStation offers direct-market access, automatic trade execution and tools for customers to design, test, monitor and automate their custom trading strategies for stocks, options and futures. TradeStation Simulator allows users to test out new investing strategies before putting any money on the line.

As a result, the company has seen an 83% share price increase in the last year alone. Their primary focus is to provide U.S. investors with an Day trading patterns easy way to access foreign companies for trading. Disney stock has leveled off some this year but still sees a lot of day-to-day volatility.

Leading Brokers for Day Trading

Moves like this attract the attention of investors who are looking for companies moving in the right direction. Aegon N.V. ADR is working hard to reduce costs by selling off some of its non-core businesses. They are seeing all-time high earnings and are looking to continue this forward momentum. Twilio is a technology company founded in 2008 and based in the San Francisco area. Even now, these streaming services are more popular than ever.

Bill Ackman says Treasury yields are going higher in a hurry, and that investors should shun U.S. government debt

You must have at least $25,000 in your brokerage account to qualify for pattern day trading. If you prefer trading ranges, you may want to only trade stocks that have a tendency to trade within a range. If you choose a trending strategy, you may want to only trade stocks that have a trending tendency. Remember, when you choose these stocks, day trading does not need to be a career. It might be something you do on your days off to build another revenue stream for yourself or your family. For example, if the end-of-day price for a stock is above the 50-Day Moving Average, the general interpretation of this trading strategy is that the stock in in an upward trend or a “buy”.

Earnings outlook must improve for a broader market rally, says wealth manager

Through Tuesday, the index had risen for six straight trading sessions. Check out this short video to learn more, consider subscribing to the channel, and check out the special offer in the link below. Carnival Corp. is a cruise line operator that is headquartered in Miami, Florida. It is the world’s largest cruise company, with a fleet of over 100 ships that operate under ten different cruise brands.

How 10-year Treasurys could produce 20% returns, according to UBS

It takes less time to generate significant profits with day trading than any other investment strategy. Of course, you can argue that it carries more risk than long-term investing. However, with substantial risk comes great potential for reward. Once you’ve mastered your day trading virtual reality stocks strategy, you could be in for a world of money. 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.

The ability to profit from the stock market during bear market conditions is a massive advantage for a skilled day trader. There are a few things that make a stock at least a good candidate for a day trader to consider. But research has shown that only 1% of day traders consistently earn money; many, many lose it.

Leave a Comment

Your email address will not be published. Required fields are marked *

Chat With Us.
Agent (Online)

We are here to help. Chat with us on WhatsApp for any queries.