Day trading guide for today: Six stocks to buy or sell on Tuesday September 12

best day trading stocks today

This high-speed technique tries to profit on temporary changes in sentiment, exploiting the difference in the bid-ask price for a stock, also called a spread. For example, if a buyer’s bid price drops suddenly, the day trader might step in to buy and then try to quickly resell at the stock’s ask price or higher, earning a small “spread” on the transaction. Moreover, debate rages over the capability of these companies to transform their extensive user bases into a sustainable revenue stream.

  • These stocks are often illiquid and the chances of hitting the jackpot with them are often bleak.
  • Unless you trade more than 200,000 shares per month, you will need to pay a $100 monthly fee for the TraderPro platform.
  • Only stocks that have a positive 5-Year Signal Gain, AND those where the signal/action have a 30% or greater “Win%” will be included on the Top Stock Picks page.
  • Just like everything else in your financial life, the stocks you choose for your day trading strategy should be tailored to your goals and your personal situation.
  • While the Instacart IPO may yield a valuation of up to $9.3 billion, it’s a drop from its prior valuation.

When you open & fund a new account with $5K on or the Chase Mobile® app. Conagra Brands and its subsidiaries are a consumer packaged goods food company in North America, operating in the Grocery & Snacks, Refrigerated & Frozen and International and Foodservice segments. Founded in 2008, Airbnb has positioned itself as the top solution for short- and long-stay rentals, providing consumers with a method to rent their homes to the public. The Top Stock Picks are not a recommendation to buy or sell a security.

The Lightspeed Trader platform has been stripped down to focus on data and order execution, without unnecessary bells and whistles. The platform is ultra-low latency, highly stable and intimately customizable. The technology and features of Lightspeed Trading are designed to enable traders to seize market opportunities lightning fast. That’s because the margin between success and failure in markets can be paper thin—using the right trading platform can make all the difference. One of the best ways to find new day trading stocks is through a stock screener.

When stock, bond and ETF commissions are zero, that suggests that an online brokerage is being paid third-party commissions to route order flow to specific middlemen. This typically results in slower trade execution, but it allows for those attractive $0 commissions. This feature is unique among the ones offered by professional trading platforms. As a direct access broker, customer orders can be routed to over 100 destinations, including exchanges, market makers and dark pools.

The best online brokers for day trading offer these features and much more. Here are some of the best online brokers and interactive brokers you should use for optimizing your day trading strategy. While some stocks can deliver substantial price action on the intraday chart, others cannot.

The list has outperformed the S&P 500 by 4.6% year-to-date through September 1, and many of Merritt’s top picks made the cut, as well as some additional selections. Broadly, Merritt is neutral on equities, primarily because of the opportunity investors have to profit from bonds. If a recession does hit, Merritt cautioned, there are some levels of support that could keep the S&P 500 from falling too far. If a recession is “not too nasty/prolonged,” he wrote, then the market could find some support between 3200 and 4000.

“Regional banks have the most exposure to construction loans so they are going to be a lot of construction loans that won’t be able to repaid. There will be a lot of restructurings, so either the investors groups are gonna have to put in a lot more equity or the banks are going to start taking some losses,” he said. Ackman remains worried about regional banks following the spring crisis, as many have big fixed-rate portfolios of assets that have gotten less and less valuable as rates rise.

This tendency is mostly related to periodic new money flows directed toward mutual funds at the beginning of every month. If Monday may be the best day of the week to buy stocks, then Friday may be the best day to sell stock—before prices dip on Monday. If you’re interested in short selling, then Friday may be the best day to take a short position (if stocks are priced higher on Friday), and Monday would be the best day to cover your short. However, for seasoned day traders, the first 15 minutes following the opening bell is prime time, usually offering some of the biggest trades of the day on the initial trends.

Which Trading Strategy Is Easiest for a Beginner?

Should this not pan out, Tesla may once again be at the forefront, as the electric vehicle manufacturer will need to cut prices and take a hit on revenues. Transocean Ltd. is a Swiss-based international provider of offshore contract drilling services for oil and gas wells. Founded in 2008 and headquartered in Vernier, the firm operates a fleet of mobile offshore drilling units and offers services such as drilling management, well services, and engineering support. The analyst sentiment is extremely bullish, with 34 rating the stock as a strong buy. As AI-related companies continue to surge, Meta provides a lucrative opportunity for daily gains. Its daily spikes, albeit small, can provide good opportunities for quick gains as the markets continue to ride the AI wave.

best day trading stocks today

The opening hours are when the market factors in all of the events and news releases since the previous closing bell, which contributes to price volatility. A skilled trader may be able to recognize the appropriate patterns and make a quick profit, but a less skilled trader could suffer serious losses as a result. So if you’re a novice, you may want to avoid trading during these volatile hours, or at least within the first hour. When looking for good day trading stocks, of course you can use a search engine. And then, look through posts like this one to find good short-term day trades. Day trading stocks are those that are not invested in for the long term.

Best Platform to Day Trade Stocks

For example, suppose two stocks are both trading 10 million shares a day. But stock A has 100 million shares outstanding and stock B has 500 million shares outstanding. Ten percent of stock A’s shares are trading hands each day, while just 2% of stock B’s shares are moving. There is no single day of every month that’s always ideal for buying or selling. However, there is a tendency for stocks to rise at the turn of a month.

But research has shown that only 1% of day traders consistently earn money; many, many lose it. It’s essentially a full-time job, because you need to constantly be watching — and timing — the market, waiting for your next move. To become a day trader you’ll first need to decide on a broker that fits your needs. To help you get started, Investopedia has made a list of the best stock brokers for day trading. Margin trading is not for everyone, and you must remember that a margin call is a real thing.

The chipmaker’s stock has been on the rise since the beginning of the year, but it has been a rocky road. It currently has a 52-range of between $54.57 and $132.83, and the stock is currently projected to fall to $118.32. If you can stick with it for the long haul and get access to some top-notch resources, you can make some nice returns. You start second-guessing your decisions and the plan you’ve created for yourself.

This AI Stock Broke Records After 88% Increase in Revenue — Should Investors Stick With Nvidia for the Rest of 2023?

But playing around with some small money can make you a few bucks occasionally, too. And, there are countless investors who have lost a lot of money. However, most of those investors have given up before they could turn a profit.

You want stocks whose price moves significantly, either by a percentage of the stock price or by dollar amount. Stocks with lower prices will move by greater percentages, whereas higher-priced stocks will move by greater dollar amounts. And of course, day trading, as the name implies, has among the shortest time frames of all. The day trader’s analysis may be broken down into hours, minutes, and even seconds—and the time of day when a trade is made can be an important factor to consider. But, it aims to give back three times what the Nasdaq is giving. But direct access to markets costs money, and that’s why direct access brokerage platforms charge commissions—unlike many of the more well-known online brokerages.

Our system takes these estimate changes into account and delivers a clear, actionable rating model. Prior to today’s trading, shares of the software maker had gained 4.13% over the past month. This has outpaced the Computer and Technology sector’s gain of 1.08% and the S&P 500’s loss of 0.73% in that time. Buying stocks on weakness is a natural extension of the “buy low, sell high” philosophy at the heart of successful investing.

Best Online Brokers for Day Trading of September 2023

For long positions, a stop-loss can be placed below a recent low and for short positions, above a recent high. Next, understand that Uncle Sam will want a cut of your profits, no matter how slim. Remember that you’ll have to pay taxes on any short-term gains—investments that you hold for one tesla actiuni year or less—at the marginal rate. When day trading, look for stocks with betas greater than 1.0, but remember that you may not want the stock with the highest beta you can find — it could expose you to unnecessary risk. The XPEV stock has been enjoying bullish trading behavior recently.

Set a Financial Loss Limit

As a day trader, you need to learn to keep greed, hope, and fear at bay. Keep yourself informed about the selected companies, their stocks, and general markets. Scan business news and bookmark reliable online news outlets.

Are There Really Best Times to Buy or Sell Stocks?

Finding stocks that conform to your trading method will take some work, as the dynamics within stocks change over time. It’s time well spent though, as a strategy applied in the right context can be much more effective. Assess and commit to the amount of capital you’re willing to risk on each trade. Many successful day traders risk less than 1% to 2% of their accounts per trade. If you have a $40,000 trading account and are willing to risk 0.5% of your capital on each trade, your maximum loss per trade is $200 (0.5% x $40,000). Chipmaker AMD’s stock is nearly twice as volatile as the S&P 500, with a beta of 1.80.

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