Day trading involves buying and selling selected financial instruments at lightning speed within one trading day. This form of trading is very popular with traders. By practicing day trading, adherents benefit from short-term price fluctuations focusing on a series of small gains that can add up over time. This trading approach offers the potential for significant profits, attracting many traders despite the risks it entails.
Riding the waves of the turbulent stock market, day traders hope that Lady Luck will smile on them and turn pennies into large profits. However, we all know that luck smiles on the strongest. Every professional day trader knows that the secret to success is choosing the right stocks, which necessitates comprehensive stock market analysis. Identifying volatile and liquid stocks can contribute to the profitability of day trading strategies.
In this article, we share with you the criteria it’s best to consider when selecting the right stocks to day trade for you. Our team will also present you with a list of recommended stocks to operate in 2023.