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What are the best stocks to trade for a profitable day trading strategy?

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Question added by Nuha Ali , writer , freelance
Date Posted: 2014/05/31
Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

  1. Buy stock at lower price & sell at higher price

  2. Max profit minimum loss thumb rule

  3. Check and learn about markets daily

  4. Willing to take a risk

Ketki Mandey
by Ketki Mandey , Trainer and technical expert , Precision Technical Analysis Pvt Ltd

you should not be choosy about the stocks as your motto is to earn money from markets. So study the technical analysis and you can earn profits from any liquid stocks for intraday trading

Generally speaking, as your question is about, best stocks to trade in day trading strategy are those more liquid (that is more exchanged) and more volatile.(that is more moved).

sarvar bhat
by sarvar bhat , Analyst , Deloitte services

The best strategies to make profit in Intraday trading are:

Buy near support level and sell near resistance level

Buy when stock breaks resistance level and sell when stock breaks supports level.

Buy when50 day moving average crosses200 day moving in intraday

Buy when relative strength index is near30

 

mohamed hassaballa
by mohamed hassaballa , Personal Investor , Fxpro financial services

you check the stock which has the greatest inclining or declining rate for the first hour. This stock will most probably keep on its direction and would allow you to profit.

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