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Rainmaker626

What Are Some Good Stocks for Day Trading?

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I'm a beginner and wanted to start with a 5k account and I was interested in getting info. on which stocks are good for day trading with a 5k account plus 5k margin = 10k

 

I'm trying to stay away from penny stocks and was looking for a stock that has high volume, high daily price action and not too expensive..

 

I am trying to learn things now, by using a virtual trading platform and some a little shared knowledge from more experienced and successful traders would be welcomed.

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I agree with others that 5k is a risky starting value, and in the US will not allow active day trading. If your platform has a stock screener option you can "look" for stocks that meet your criteria, like price range, beta, volumes, etc. If your platform does not have a stock screener try this one, its free: Free Stock Screener

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I'm a beginner and wanted to start with a 5k account and I was interested in getting info. on which stocks are good for day trading with a 5k account plus 5k margin = 10k

 

I'm trying to stay away from penny stocks and was looking for a stock that has high volume, high daily price action and not too expensive..

 

I am trying to learn things now, by using a virtual trading platform and some a little shared knowledge from more experienced and successful traders would be welcomed.

 

Hi,

 

Sorry to disappoint you but 5K is very small amount to DayTrade Stocks. You do need at least initial capital of $25K to get 4x margin and avoid the Pattern Day Trader Status.

 

I do NOT daytrade Stocks as it is not worth the reward/risk ratios it offers for the effort (for me). I like SwingTrading Stocks and think there is much more money to be made in Swing Trading Stocks using 1-5 days or more holding periods or through Options. I DO daytrade Emini Futures and think it is NOT worth SwingTrading Futures for the risk it involves.

 

But when I did daytrade Stocks few years ago, I traded stocks which are liquid stocks (at least 1M shares of 10-day Avg. Volume), have good range (Stocks which moved at least $1 avg. 21-day range) and high-beta stocks (min. 1. or 1.5).

 

Do your daily research and make a small list of stocks to trade. Trade stocks based on Patterns/Setups and avoid Event Based Stocks (Earnings, Upgrades/DownGrades, News, Rumors, Gaps, Tips etc.). Also, you have to know the list of stocks, setups with their Entries/Exits you going to trade/watch before the Opening Bell...

 

Here is the Scan in TradeStation with the above criteria from NASDAQ stocks >$10.

 

Good luck and Happy Holidays!!!

 

Regards,

Suri

 

attachment.php?attachmentid=23419&stc=1&d=1293221369

NASD_DayTrading.gif.f2e552ea58027333fbf6514289c2d56f.gif

Edited by suriNotes

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