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.
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.
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.