The Best Day Trading Stocks In 2021

best day trading stocks

Day trading is a skill that has made fortune for many well-known traders from Jesse Livermore to Steven Cohn. The names mentioned were the best day traders of all time and proved to the world that trading is not speculation but a highly calculative and strategic business.

In this blog, you will find well known proven strategies of day trading and we have also compiled an in-depth list of best day trading stocks with its analysis to make your day trading journey convenient and rewarding.

How to Choose the Right Stocks for Day Trading?

One of the most essential skills of a trader is the ability to pick good day trading stocks. Trading is not only about buying and selling stock the same day but ensuring liquidity and high-risk reward for each trade.

Before you begin your journey as a day trader, it becomes crucial to learn how to day trade as well as how to strategically choose stocks that can make money day trading.

Below are the few tried and tested aspects of stock picking which traders can live by and help traders not to fail in market:

– Trending Stock

By Trending Stock we mean those stocks which are grabbing the most attention of the stock market. An increase in attention results in more traders participating in the stock which consequentially increases the traded volume and volatility giving high price movements.

– Volatility Analysis

It is well known that Volatility is the bread and butter of day traders. No day trader could ever make money day trading with stocks moving sideways.

One of the best technical tools to analyze price to volatility action is Bollinger Bands.

Bollinger Bands named after John Bollinger is a helpful tool that provides insights into market trends and their estimated volatility.

– News

As mentioned in Point 1, a stock that is trending is very much likely to experience the action from traders. However, staying updated with recent developments help traders understand the market sentiment.

Positive news that is perceived positively by the market results in stock moving up whereas news that is perceived negatively by the market results in stock moving down.

The best part of being a day trader is that a skilled day trader can make money in both markets.

– Increase in Traded Volume

Most people only focus on the increase in total volume when picking up stocks for day trading, however, the secret lies in picking stocks with an increase in traded volume.

Total volume is divided into two parts which are Traded Volume and Delivery Volume. Traded volume is the volume that shows the number of participated traders who squared of their position by the end of the day and delivery volume is the number of deliveries that were taken in the cash market.

Best Day Trading Stock in 2021

  1. Tesla Inc. [TSLA]
  2. Etsy Inc. [ETSY]
  3. Advanced Micro Devices Inc. [AMD]
  4. Roku Inc. [ROKU]
  5. ZIOPHARM Oncology Inc. [ZIOP]
  6. Amrep Corp [AXR]
  7. Aegon N.V. ADR [AEG]

1. Tesla Inc. 

Tesla Inc. has been defying odds & exceeding market expectations from the past decade. Recently Tesla Inc. made its mark again when the company’s revenue jumped by almost 40% to around $9 billion, turning Wall Street’s pessimistic estimates upside down.

Moreover, Tesla Inc. is one of those companies that will not only grow your capital money but TSLA will also make you proud of being an active participant towards environmental upliftment & preservation.

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Disclaimer: Futures, options, and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for ...

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