Best Intraday Stocks Today

Best Intraday Stocks Today

Best Intraday Stocks Today

There are thousands of stocks you can trade on any given day. The potential number of trade opportunities can feel overwhelming to the new bee’s eyes.

Maybe you are scanning the market in the hope of hopes of finding stocks that best fit your trading methodology.

In case, you are here to find a simple list of high volume stocks that you can trade every day and wish to make money, you have come to the wrong place.

Finding the best stocks to trade requires lots of research and market analysis.  So, in this article, we will discuss some important points that will help you to earn good money.

Best Intraday Stocks Today.
Best Intraday Stocks Today.

Here we will discuss a number of approaches a trader can use in both the pre-market and during the trading day to identify the best stocks to day trade.

Just remember, you can use any approach that fits best for your day trading style, the one thing required for each selection process is you must get an early start to the trading day.

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How to Find The Best Intraday Stocks Today

Gone are the days where you can arrive at 9:15 am, log on and start placing trades.  The market is getting faster and faster with the increased trading volume from hedge funds.  At a minimum, you should start your prep work at 8 am.

Learn to Trade Stocks, Futures, and ETFs Risk-Free

If you have an excuse that you are not making money due to lack of time then start your market research early. When you complete this task before 9 am you will enter into the market at the right time and can trade actively. Best Intraday Stocks Today.

#1   Find the Best Stocks to Day Trade with Pre-market Movers

For those of you that have been trading for some period of time, you will know that the pre-market is one of the street’s favourite ways to head fake you.  Stock could be up 6% in the pre-market only to open up 2% at 9:30 am. Best Intraday Stocks Today.

How to Find The Best Intraday Stocks Today.
Best Intraday Stocks Today.

The reason for the large price swing is due to the thin volume that can carry a stock either way outside of the regular trading session.

I start my scanning at 8:00 am sharp well before the opening bell.  This gives me a full hour and a half before the market opens to conduct my research.

Find a Clean Pattern

As we mentioned earlier, you want to avoid charts that have a low volume in the morning. How do you know you are dealing with a chart with low volume – just check out the image below.

Basically, if you feel like you are looking at stars in the midnight sky, the volume is too thin. When I say stars, I am not talking about candlesticks – I mean literal dashes on the charts.

Is Intraday Trading Really Profitable

Specific hours provide the greatest opportunity for day trading, so trading only during these hours can help you maximize your efficiency. Trading all day takes up more time than necessary for very little additional reward.

In many cases, even professional day traders tend to lose money outside of these ideal trading hours.

In addition to this, day trading demands intense focus and discipline. The more you have these two the more you will get from the market.

Trading all the time in the market will make you negative and drain you mentally. Along with this, there are more chances to make mistakes doing trading all the time.

Is Intraday Trading Really Profitable.
Best Intraday Stocks Today.

So When Is the Best Time to Buy Stocks?

Now that you know that trading for shorter periods of time can be more efficient and productive and that it will likely make you more money and leave you with more mental energy, here are the few hours of the day to focus on when you’re day trading stocks or stock index futures.

The First One to Two Stock Market Hours

It is the market behaviour, it tends to go down at the beginning of the week and that too in the middle of the month. This is the reason why many market experts recommend selling on Friday before that Monday dip occurs, particularly if that Friday is the first day of a new month or when it precedes a three-day weekend.
Likewise, prices tend to drop in September then hike again a month later. October tends to be positive overall. Prices tend to go up again in January, particularly for value and small-cap stocks.
The First One to Two Stock Market Hours.
Best Intraday Stocks Today.

Dumb money is created by people making transactions based on what they read in the newspapers or saw on TV the night before. But the information these people are acting upon is typically old news.

This often creates sharp price movements back and forth as dumb money flows in, pushing a stock or the index in one direction. Then professional traders take advantage of the great price, pushing it back the other way.

What Time Does the Stock Market Open

Normal trading begins at 9:30 a.m. EST, so if you’re day trading stocks, 9:30 to 10:30 a.m. ET is often the best hour of the day. It offers the biggest moves in the shortest amount of time — a great and efficient combination. You can extend this to 11:30 a.m. ET if you want another hour of trading.

There are many traders who stop trading around 11:30 just because at that time volatility and volume goes decreasing. Such type of volume and volatility is not good for intraday trading.
What Time Does the Stock Market Open.
Best Intraday Stocks Today.

If you’re day trading index futures such as S&P 500 E-Minis (ES) or an actively traded index ETF such as the S&P 500 SPDR (SPY), you can begin trading as early as 8:30 a.m. premarket, then begin tapering off at around 10:30 a.m.

This provides a solid two hours of trading, usually with a lot of great profit potential.

As with stocks, trading can continue up to 11:30 a.m. ET, but only if the market is still providing opportunities to capitalize on the trading strategies you’re using.
Benefits Of Trading In Last Hours

Many day traders only trade the morning session, but many also trade the last hour of the day, from 3 to 4 p.m. ET. The trader has had a long break since the morning session, allowing him to regroup and regain his focus.

  • Helps prevents overtrading and second guessing
  • Helps prevent revenge trading
  • More likely to catch real significant moves
Benefits Of Trading In Last Hours.
Best Intraday Stocks Today.
  • Market fatigue goes away Best Intraday Stocks Today.
  • More chop midday
  • Allows you to gauge market sentiment to prepare for last hour
  • It becomes a specialization Best Intraday Stocks Today.
  • Commission costs come down

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