10 Must-Know Day Trading Stocks to Buy Now: Expert Tips and Real-Life Stories [2021 Update]

**Short answer day trading stocks to buy now:**

As an online trading strategy, Day Trading involves buying and selling a security within the same trading day. Stocks with high volume, liquidity, and volatility are ideal for day traders. Some of the top picks include Amazon Inc. (AMZN), Apple Inc. (AAPL), and Microsoft Corporation (MSFT). It is important to remember that investing in any stock carries risks and investors should always conduct thorough research before making a purchase.

Step-by-Step Guide on How to Identify and Purchase Hot Stocks for Day Trading

Day trading can be an exciting and potentially lucrative way to invest your money, but it’s important to know how to identify and purchase hot stocks. In this step-by-step guide, we will go over some key tips and strategies that can help you make informed decisions when day trading stocks.

Step 1: Research and Analyze the Market

The first step in identifying hot stocks is to research and analyze the market. Look at stock indexes such as the S&P 500 or NASDAQ Composite for overall market trends. Review news sources such as Bloomberg, CNBC, or Yahoo Finance for current events that may affect the market. Keep an eye out for upcoming earnings reports, economic data releases, political developments, or industry-wide happenings.

You can also use technical analysis tools such as moving averages, candlesticks chart patterns, volume indicators to find potential trades. It’s worthy of mention that Free apps like TradingView provide a comprehensive list of these tools with historical price data on almost all publicly traded assets.

Step 2: Create a Watchlist

Once you have done your research and identified potential stocks that align with your investment goals, create a watchlist of these stocks keeping in mind variables like:

– Volatility
– Volume
– Upcoming catalyst events
– Technical Analysis opportunities

Adding these assets into an online watchlist (many brokers also offer their proprietary lists as part of your account) which offers near-real-time quotes could shave critical time off when considering making split-second buying/selling decisions.

Step 3: Monitor Your Watch List Closely

Check up consistently on your existing watch-lists daily noting any changes in the prices. Determine trends by tracking patterns of price movement coupled with contributing factors from recent/new information releases. Finally keep note focusing on parameters related to volatility/price ranges around support/resistance positions. This activity allows investors to speculate which direction stock prices may move so then they’re able decide where would be the best entry position, i.e., when to buy or sell.

Step 4: Utilize a Trading Platform

When it comes time to buy and sell hot stocks, it is important to use a reliable trading platform to capitalize on quick movements in the market. A lot of established brokers including TD Ameritrade offer their proprietary platforms capable of executing trades with one click. Familiarizing yourself with these tools will allow you take full advantage of any potential opportunity that arises.

Step 5: Practice Risk Management

Although day trading can be very profitable, it can also involve substantial risks. As with any investment strategy, practicing effective risk management is essential for limiting your losses while maximizing your gains. It’s a great idea to implement techniques such as Stop loss orders so that an asset allocation could be exited if it drops below a certain dollar value – perhaps specified at purchase time.

By following these steps and developing effective strategies specific for your individual trades- The stock market could become an interesting climb whilst generating passive income along the way!

Frequently Asked Questions on Day Trading Stocks to Buy Now

Day trading stocks is an exciting investment strategy that allows investors to buy and sell equities within a single day, with the goal of making quick profits. While this method can generate significant returns, it also involves a high level of risk. Therefore, it’s important for day traders to have a strong foundation of knowledge before diving into the market.

In this article, we’ll be addressing some frequently asked questions about day trading stocks to help you understand the basics and make informed decisions about your investments.

1. What exactly is day trading?

Day trading is the act of buying and selling stocks within the same business day with an objective of making quick profits within few hours or minutes.

2. How much money do I need to start day trading?

This varies from trader to trader but as per regulatory minimums, traders are generally required to keep at least $25,000 in their account balance on any given business day when they intend to execute three or more trades during any five consecutive business days.

3. Which platforms are best suited for day trading?

There are several online brokerage platforms such as E*TRADE, TD Ameritrade and Interactive Brokers that cater specifically to active traders by offering low commissions and fast trade execution times among other useful features.

4. Do I have to be glued to my computer screen all day while day trading?

Not necessarily! Day traders can employ a range of strategies such as swing trading where positions are held for longer periods than one-day or scalping which aims for small gains from multiple trades made throughout the session rather than just one., so it depends on your preferred approach.

5. What are some common risks associated with day trading stocks?

Some big risks include overconfidence which leads to irrational decision-making; holding onto losing positions hoping they may recover; failing to use stop-loss orders; and underestimating transaction costs such as brokerage fees 7 software usage charges among others

6. How can I manage my risk and ensure success in day trading?

By implementing a sound strategy that includes thorough research, risk management guidelines, and stop-loss orders. Managing emotions by sticking with your plan can also help ward off impulsive decisions.

7. Can I make a living out of day trading stocks?

Many experienced traders are able to generate consistent profits from day trading but this may not happen all the time or overnight. As such, it’s important to have realistic expectations while remaining committed to learning about the market over time.

In conclusion, day trading is an exhilarating but high-risk investment strategy as it requires focus, diligence and discipline to attain consistent profitability.. Use resources available for newbies such as webinars or CFD demo accounts to get insights on what moves the stock prices before putting cash at stake.

Top Factors to Consider When Choosing the Best Stocks for Day Trading Today

Day trading is one of the most exciting and lucrative activities in the world of finance. Unlike conventional investing, day trading involves buying and selling stocks within a single day, hoping to profit from intraday price movements. However, day trading is not for everyone. It requires a combination of skill, discipline, and mental dexterity.

If you are thinking about jumping into day trading, your success will depend heavily on how well you choose your stocks. While there are many different approaches to stock selection, some factors have proven to be more effective than others. In this blog post, we will discuss some of the top factors to consider when choosing the best stocks for day trading today.

1. Liquidity
Liquidity refers to the ease with which you can buy or sell a stock without affecting its market price dramatically. A liquid stock has deep order books with many buyers and sellers at different price levels. As a result, you can execute your trades quickly and efficiently without worrying about slippage or high bid-ask spreads.

When choosing the best stocks for day trading today, liquidity should be one of your primary considerations. Some of the most liquid stocks in the market include blue-chip companies like Amazon (AMZN), Apple (AAPL), Facebook (FB), Google (GOOGL), Microsoft (MSFT), and so on.

2. Volatility
Volatility refers to the magnitude and frequency of price fluctuations in a particular stock or market segment. A volatile stock tends to move up and down rapidly over short periods due to unexpected news events or changes in market sentiments.

For day traders, volatility can be both a blessing and a curse. On one hand, it provides ample opportunities for making quick profits through well-timed trades. On the other hand, it also exposes traders to significant risks due to wild price swings that can wipe out their gains or trigger margin calls.

When choosing the best stocks for day trading today, you should look for stocks with high volatility levels that match your risk tolerance and trading style. Some of the most volatile stocks in the market include Tesla (TSLA), Nio (NIO), Plug Power (PLUG), Moderna (MRNA), and GameStop (GME).

3. Industry Sector
The stock market is composed of various industry sectors, each with unique characteristics, drivers, and risks. Some sectors may perform well during certain economic conditions or market cycles, while others may suffer significant losses.

When choosing the best stocks for day trading today, you should consider the industry sector to which a particular stock belongs. Ideally, you should select stocks from robust sectors that have strong fundamentals and growth prospects.

Some of the hottest industry sectors in the current market include technology, healthcare, renewable energy, e-commerce, and electric vehicles.

4. News Events
News events can significantly impact stock prices in both positive and negative ways. For instance, a company’s announcement about its quarterly earnings results or new product launches can trigger buying frenzy among investors who believe that it signals future growth potential.

On the other hand, news events such as data breaches, regulatory fines, or leadership changes can dampen investor confidence and send stock prices plummeting.

When choosing the best stocks for day trading today, you should stay updated on relevant news events that could affect your target stocks’ performance. You can use tools like Twitter or Bloomberg News to track real-time developments within your selected industry sectors.

5. Technical Indicators
Technical indicators are mathematical calculations based on historical price and volume data that traders use to identify patterns and trends in the market movements. These indicators help traders predict possible future price movements by analyzing past price dynamics.

There are numerous technical indicators available to traders nowadays like moving averages(Bollinger bands) Relative Strength Index(RSI), Moving Average Convergence Divergence(MACD) , stochastic indicators etc.
You can use these indicators to chart patterns like trendlines, support and resistance levels, and price gaps which can predict possible stock movements.

When choosing the best stocks for day trading today, you should analyze technical charts and indicators that provide insights into possible price movements.

In conclusion, choosing the best stocks for day trading requires robust research skills, market knowledge and analysis. You should always strive to consider multiple factors simultaneously to evaluate a stock’s potential rather than relying solely on one criterion such as volatility or news events. As a day trader, developing discipline in following your chosen strategy is key to achieving success in the volatile market environment.

Common Mistakes to Avoid When Buying Day Trading Stocks in a Competitive Market

Day trading has become increasingly popular over the last few years as more and more people are looking for ways to make money fast. However, with this surge in popularity comes a highly competitive market where mistakes can be costly. In this blog post, we’ll take a closer look at some of the common mistakes traders make when buying day trading stocks and how you can avoid them.

Mistake #1: Not Doing Your Research

One of the biggest mistakes traders make when buying day trading stocks is not doing enough research. It’s important to understand the company you’re investing in, their financial situation, their industry, and any other relevant information that may impact their success. Without this knowledge, you’re essentially gambling with your money, which is never a smart move.

To avoid this mistake, take some time to do thorough research on any company you’re considering investing in before pulling the trigger. Look at their financial statements and recent news articles to get an idea of how they’re performing in their industry.

Mistake #2: Not Setting Clear Parameters

Another common mistake traders make is not setting clear parameters for when they’ll buy or sell a stock. Without these parameters, it’s easy to get caught up in emotions and make decisions based on short-term fluctuations instead of long-term strategies.

To avoid this mistake, set clear goals for what you want to achieve from your investments and establish guidelines for when you’ll enter and exit trades. This will help keep your emotions in check and ensure that you’re making decisions based on your overall strategy rather than short-term fluctuations.

Mistake #3: Overtrading

Overtrading is another common killer mistake that every trader should avoid while trading day trading stocks. Day traders who haste over multiple trades without understanding what’s happening the result ends up being losses greater than gains.

Moreover still trying always have an open position in the market without taking into account key trends can lead to disastrous consequences. Overtrading can result in lost trading capital and irritation.

To avoid this mistake, outline your trading plan before you execute any trades, be selective in the stocks you trade and finally You should also set a limit for how much you’re willing to invest per trade to avoid making rash decisions.

Mistake #4: Chasing Stocks

Another common mistake traders make when buying day trading stocks is chasing trends. Many traders jump into the market based on hot tips or hype around a particular stock, hoping to make quick profits. This can lead to buying a stock at an inflated price that quickly drops once the hype dies down.

To avoid this mistake, it’s important to stick to your research and your strategy when selecting which stocks to buy. Don’t let FOMO (Fear of Missing Out) drive your decisions, as this can lead to impulsive investing mistakes.

In Conclusion,

The above-discussed points show some of the common mistakes that people make while dealing with day trading stocks. By avoiding these mistakes, you increase your chances of success as a trader. Take time to do in-depth research and understand everything about the markets before starting out as an investor, set clear parameters for investment goals ahead of time, don’t engage in overtrading practice or chase after hyped trends that may have already passed their prime for maximum benefits – remember patience is key!

Insider Tips on How to Optimize Your Profits from Day Trading Popular Stock Picks this Week

As a day trader, your ultimate goal is to make profits from the market. And with the right approach and strategy in place, especially when it comes to popular stock picks for the week, you can optimize your profits significantly. Many day traders find themselves struggling to make substantial gains when trading popular stocks, often falling prey to common trading pitfalls such as overtrading and not adhering to sound risk management principles.

In this blog post, we’ll explore some insider tips on how you can optimize your profits from day trading popular stock picks this week. These tips are backed by years of experience in the field and can help you steer clear of poor trading habits that could be costing you money.

Tip #1: Plan Ahead
Before jumping into any trade, it’s crucial to have a plan in place for what positions you want to enter and exit. Make sure you understand why you’re entering into each position before committing capital, including considering key technical indicators or news driving momentum around certain stocks.

You should also develop a set of specific metrics for entry and exit points – always setting Stop Losses no matter what happens so that even if things go terribly awry–you will cut losses at pre determined levels instead of losing everything.

Planning ahead helps you objectively assess whether or not a particular trade is worth taking based on your predetermined criteria; helping remove emotional decision-making from the process.

Tip #2: Leverage Technical Analysis
Technical analysis involves studying historical price charts along with market trends for the purpose of predicting future price movements. Utilizing strategies built around technical indicators,such as judging distance from moving averages or how many times assets surpass support/resistance levels allowing traders like yourself gain insight into potential reversal signs and target prices needed for profitable trades

Utilize various charting resources online that offer important data useful in crafting predictions about short-term momentum swings among several day traders seeking similar signals across different companys’ shares within every market sector (Tech or Consumer Goods)

Tip #3: Keep Risk Management Principles in Mind
The essence of successful day trading lies in substantial profits AND protecting yourself from catastrophic losses. No matter how confident you feel in a specific trade, remember that trades always carry some degree of risk, but don’t freak out.

As you plan your trades, keep an eye on potential risks and working out ways to hedge these risks for profitable trades. There are a variety of risk-management strategies available— including stop-loss orders that help minimize your losses by closing positions when certain price thresholds are breached.

Another important way to manage risk is by diversifying the number and types of assets held over time—which can protect against asset failure as well as market volatility – no single stock pick should represent too much of your portfolio.

Tip #4: Stay Informed
Correctly predicting momentous shifts brings ample rewards; however it’s not just about making predictions with sheer luck. Always remain informed about new economic data releases coming into the market and learning more about the ongoing political climate/industry news t hat could affect the performance of popular stock picks..

Being aware of seasonal behavioral patterns within each market also offers helpful insights when forecasting prices ahead over short-term periods – this means rounding up materials such as daily news feeds, newsletters, investment research articles plus follow-ups from expert analysts.

There will always be external factors that drive changes in pricing trends amongst popular stocks – staying up-to-date with all developments surrounding those drivers ensures you make informed decisions throughout your trading experience.

If approached correctly, day trading popular stock picks can be highly profitable. By keeping things simple with a focus on long-term strategy built towards profit-making trading—with strict adherence to good risk management practice—you can find success through profiting off stocks based on sound financial rationale . Remember that most gains won’t come overnight and consistent wins come from careful planning , disciplined approach and patient execution .

Top 5 Facts You Need to Know About Day Trading Stocks to Buy Now

As a new investor, day trading can seem like an exciting way to make quick money in the stock market. However, it requires a lot of research and expertise before jumping into the game. Here are the top five facts you need to know about day trading stocks to buy now.

1. Day Trading Requires Discipline

Day trading involves buying and selling stocks within the same trading day to catch small price movements. To succeed in this technique, you have to be disciplined enough to create a plan that enables you to make informed decisions when assessing potential purchases. You must also stick with your strategy and avoid emotional investing that can lead to significant losses.

2. Start Small

When starting as a day trader, it’s essential to start with low-risk investments, understanding that your main goal is not making big profits but learning how the system works and building your experience over time gradually. Trying too many things at once may get confusing or overwhelming.
Choose fewer assets you understand reasonably well then start playing around familiarizing yourself with how they work in everyday scenarios.

3. Have Adequate Capital

Although day trading doesn’t require huge amounts of capital like other investment methods does take some financial insulation because margins for error are thin focusing more on risking minimal amounts instead of chasing big returns will pose fewer risks until one has understood trends better in future trades.

4. Understand Risks Involved in Day Trading

Like any investment method, risk is always involved – even more so in day trading because your decisions have immediate effects on profits or losses based on that moment’s market volatility level which changes swiftly it requires discipline and careful preparation beforehand while remaining vigilant throughout knowing past trends helps assess such behavior along history will give a greater perspective when dealing with fast-paced situations under pressure accruing relatively good profits albeit still subjectivity towards unforeseen movements no trade is entirely predictable.

5. Educate Yourself Constantly

Learning is a constant process in investing; staying updated through utilizing credible resources surrounding what is happening in financial markets, tracking trends and patterns, updating on industry news will allow day traders to develop their strategies. Moreover, watching some related webinars or following knowledgeable sources dedicated to studying and analyzing stocks or particular related assets can be a valuable asset.

In conclusion, day trading requires diligence, careful analysis of the market, observing chart signals comprehension of indicators such as depth charts; this way, a trader could identify how things trend during an everyday scenario capably. Start with small amounts of capital on easily understood trades and work progressively. Above all else, ample preparation beforehand emphasizing on discipline by putting pre determined exit criteria’s before executing positions and continuous learning about best practices are critical elements that help minimize risks ultimately improving overall profits rate with less stress along the journey.

Table with useful data:

Ticker Symbol	Company Name	Current Price (USD)	High/Low (Day)	Volume	% Change
AAPL	Apple Inc.	148.48	150.39 / 147.00	18,223,787	+0.50%
AMC	AMC Entertainment Holdings, Inc.	47.89	53.79 / 46.82	64,881,063	-5.09%
AMD	Advanced Micro Devices, Inc.	109.08	112.76 / 108.89	22,809,210	-1.57%
GOOGL	Alphabet Inc.	2,809.24	2,851.62 / 2,805.11	929,352	+0.29%
MSFT	Microsoft Corporation	294.60	297.64 / 293.61	16,487,282	-0.56%

Information from an expert

As an experienced day trader, my advice for buying stocks right now would be to focus on industry leaders with strong financials and positive growth outlooks. Companies in sectors such as technology, healthcare and consumer goods are currently performing well. It’s also important to research the company’s management team and check for any recent news or events that may impact the stock price. Remember, patience is key when it comes to day trading – it’s better to wait for the right opportunity rather than rush into a risky investment.

Historical fact:

Day trading stocks as we know them today did not exist until the widespread use of electronic communication networks (ECNs) in the 1990s. Prior to that, traders had to physically be on a trading floor to buy and sell stocks in real-time.