Becoming a consistently profitable trader comes down to your ability to understand what type of trades work the best for you and why. Regardless of your trading style you must be involved in the best stocks everyday, let's discuss how to find the best stocks to day trade!
As small time-frame traders we rely on two things being present to profit on a daily basis, volume and volatility. So how do we find the stocks that are doing the volume and making volatile moves on the daily basis? In this video we'll walk you through how professional day traders come up with a list of stocks they are interested in trading on daily basis. From having a news catalyst to trading IPO's, we look at the stocks that are getting the most attention because they are providing you with the best trading opportunities. Once you have a list of 5-10 symbols we then take the process to the next level of narrowing down the list to stocks we are actually going to trade. To do this successfully you must understand both what type of trader you are and also what type of trade you are looking for. What stock has the highest potential of giving you a clean breakout long at the open? and why? We cover it all right here! Join us as we discuss how to find the best stocks to day trade daily!
⏳ Outline:
0:00 Intro
0:45 We must understand why we need volume and volatility
2:51 Look at the sources that provide you with the best opportunities
4:05 Look for your trade! But there must be volume...
5:20 What type of trade are your looking for?
7:01 Stocks that are active in the premarket are a great place to start
8:20 Summary

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