This article will discuss the top 10 best day trading stocks to watch in 2023. Day trading stocks are numerous in the stock market, which various traders and investors can consider and pay close attention to for their day trading.
3 Day Trading Strategies for Beginners
Trading strategies are techniques traders and investors can utilize to conduct their various trading activities.
These trading strategies are vital in ensuring one succeeds from a particular trading position.
#1. Scalping Strategy
The scalping strategy is one of the most popular trading strategies considered and used by many traders.
This strategy enables one to make little gains on various trading positions daily. A beginner must be fast and confident in earning from price movements.
#2. Pull Back Strategy
The pull-back strategy is suitable for an already established trend in a particular stock market.
A beginner is expected to survey this trend until there’s a sudden price drop, which is different from the trend.
There are technical charts and tools which one can consider to spot the best entry point to make trades.
#3. Momentum Strategy
An excellent momentum strategy could see investors or traders profit from massive price changes. To easily utilize this strategy, you must spot the below in various stocks.
- A stock movement of between 30% to 40%.
- Smaller stocks with a fast pace of trades.
- A major price movement in a particular stock.
- Trends or ideas.
One would need to set stop loss to protect their trading positions from loss.
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List of 10 Best Day Trading Stocks to Watch
There are numerous stocks that investors and traders can day trade in the stock market and make a profit. Below is a list of the 10 best day trading stocks to watch.
#1. Next Play Technologies, Inc. (NASDAQ: NXTP)
One of the best day trading stocks to watch is Next Play Technologies, Inc. (NASDAQ: NXTP), which is the stock of a Florida firm that deals in various games and video advertisements and numerous other services.
#2. Meten Holding Group LTD (NASDAQ: METX)
Meten Holding Group LTD (NASDAQ: METX) is an excellent stock that one can watch out for and consider for daily trading.
The Meten Holding Group LTD is very much involved in the crypto business and partners with diverse crypto companies.
#3. ABVC Bio-Pharma, Inc. (NASDAQ: ABVC)
ABVC Bio-Pharma, Inc. (NASDAQ: ABVC) is a stock to watch out for if you are very much into day trading.
The company offering this stock has plans to partner with Lucidam, a private firm in Tokyo that will breed massive investments in drug development, digital health, and medical technology.
#4. Zosano Pharma Corporation (NASDAQ: ZSAN)
Zosano Pharma Corporation (NASDAQ: ZSAN) is a biotech company’s stock with numerous fundamentals. The firm’s shares are making a massive wave and should be closely watched.
#5. Lucid Group, Inc. (NASDAQ: LCID)
Lucid Group, Inc is a suitable day trading stock that a trader or a stock investor can consider and monitor.
This stock has gained immense popularity and is well known on various forums, including Stocktwits.
#6. Fuel Cell Energy, Inc. (NASDAQ: FCEL)
Another day trading stock to monitor and watch out for is Fuel Cell Energy, Inc. (NASDAQ: FCEL). The company offering this stock specializes in manufacturing and selling cell power solutions.
#7. Farmmi, Inc. (NASDAQ: FAMI)
Farmmi, Inc. (NASDAQ: FAMI) is a financial asset of a firm that mainly focuses on the production and sales of various agricultural products. The firm is growing massively, and so is its stock which is an excellent stock for day trading.
#8. New Oriental Education & Technology, Inc. (NYSE: EDU)
New Oriental Education and Technology, Inc. (NYSE: EDU) is a good stock that is one of the best for day trading, which various traders and investors can comfortably consider for their daily trades.
#9. ON Semi-Conductor Corporations (NASDAQ: ON)
ON Semi-Conductor Corporation (NASDAQ: ON) is the stock of an Arizona-based chip-making company. This stock is excellent for consideration as it could benefit investors and traders relatively.
#10. Artelo Bio-Sciences, Inc. (NASDAQ: ARTL)
Artelo Bio-Sciences, Inc. (NASDAQ: ARTL) is another stock on which one should keep an eye.
The company is highly regarded and is a member of the Alderley Park Oncology Development Program, which the UK government funds.
Below are some frequently asked questions and answers on day trading stocks to watch.
What Stocks are Good for Day Trading?
There are numerous stocks that one can consider for day trading, which include New Oriental Education and Technology Inc. (NYSE: EDU) and ON Semi-Conductor Corporation (NASDAQ: ON)
Can you Get Rich from Day Trading Stocks?
Day trading stocks is a good way of making profits and improving your investment portfolio. However, it is not guaranteed that you would get rich from it, given the various factors involved in the market.
How Much do Day Traders Make Per Day?
Day traders are known to make relatively high profits daily on trading activities. However, it depends on your consistency and how favorable the market remains towards your trade. A day trader makes between $30 to $60 daily.
Can you Live Off Day Trading?
Yes, you can live off-day trading, but only if you remain cautious in the market, keep up with various information and news release, and carefully risks every trade you embark on.
Is Day Trading Like Gambling?
No, day trading is not like gambling. Despite most people referring to it as gambling, day trading involves investing in a specific asset to profit from the price movement.
How Can I Get 100 Dollars a Day Trading?
You would need to invest a large sum of money and get an excellent and stable financial asset that you can consider for investment.
You need to monitor this asset and consider using various tools to determine the best time to trade on them.
Day trading stocks to watch are numerous in the stock market. One must research and conduct rigorous findings before investing in a particular stock.
Ensure to have a strategy before deciding to invest or conduct a trade. We hope this article will provide detailed information on day trading stocks to watch. Kindly visit our comment section for your views and opinions.
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