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10 Best Day Trading Stocks

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Day trading can be exciting and rewarding, but it also comes with its risks. You can reduce some risks associated with day trading by choosing the right stocks and setting and following ground rules when trading. A good day trading stock should have enough intra-day price movements and adequate trading volume for traders to get into and out of trading positions quickly. We have researched stocks that have enough volume and volatility to suit several trading styles. Explore our list of the best day trading stocks today.

The Best Day Trading Stocks: FAQ

1. What Is a Day Trading Stock?

2. Why Should I Day Trade Stocks?

3. How Do I Judge the Best Day Trading Stocks?

4. Where Can I Buy and Sell the Best Day Trading Stocks?

5. Is It Wise to Trade Indices, ETFs, Options, and Futures?

How We Reviewed

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The following products were reviewed based on the following parameters: volatility, daily trading volumes, the market capitalization of the company, and other costs associated with owning or trading the stock.

Overall Price Range of Day Trading Stocks

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The best day trading cost an average of $40  to $130 per stock.

The Best Day Trading Stocks: What We Reviewed

  • Bank of America (BAC)
  • S&P 500 VIX ST Futures ETN (VXX)
  • MSCI Emerging Markets ETF (EEM)
  • Apple (AAPL)
  • Intel (INTC)
  • AT&T (T)
  • Russell 2000 ETF (IWM)
  • Microsoft (MSFT)
  • General Electric (GE)
  • Ford (F)
Insert Content Template or Symbol
  • HISTORY
  • Price

This product can be found on NYSE, and it currently trades for about $25 per stock.

Pros

  • A high volume of over 300 million stocks traded daily
  • Very volatile

Cons

  • Hard to predict whether it will soar or rise, creating added risks
  • Trade by computer algorithms may make its price movements unpredictable
  • HISTORY
  • Price

The iPath S&P 500 VIX Short-Term Futures (NYSEARCA: VXX) is one of the most popular exchange-traded notes (ETNs). This ETN was made to provide traders access to equity market volatility. This ETN tracks the S&P 500 VIX Short-Term Futures Index, and it mirrors the volatility of the S&P 500 Index. The S&P VIX ST Futures ENT was launched in 2009 and has given an annualized return of -59.19 percent. Trading this ETN, however, comes with substantial risk and is normally affected by political, economic, regulatory, and judicial events.

Pros

  • Very volatile
  • More profit potential than trading the S&P 500.
  • High trading volume of 15-70 million shares per day means it is easy to buy and sell

Cons

  • Very unpredictable and risky
  • You don't get an underlying asset by buying ETNs
  • HISTORY
  • Price

The MSCI Emerging Markets is an international equity index that tracks stocks from 24 “emerging market” countries. Countries covered by the index include China (with a weight of 29.67 percent), South Korea (15.39 percent), and Taiwan (11.27 percent). Other countries this index covers include Brazil, Chile, Colombia, Greece, Czech Republic, Egypt, India, Hungary, Qatar, Russia, South Africa, Turkey, and the United Arab Emirates.

This index has 1,136 different constituents and covers about 85 percent of free float-adjusted market capitalization in each of the countries. Because of its international constitution, this ETF is affected by events in several countries making it a volatile stock to trade. Also, 110 million shares of this ETF can change hands in a day.

Pros

  • Low expense ratio for owning this ETF
  • High volume; usually over 50 million shares traded per day
  • Relatively low cost per share

Cons

  • Can be unpredictable
  • HISTORY
  • Price

Apple is the biggest company in the world by market capitalization. Its stock (AAPL) is one of the most popular day trading stocks. Over 30 million shares of this stock are bought or sold every day. The stock has had a steady upward growth in recent years. Apple's stock usually has the biggest price changes when the company is marking product launches or other announcements. This makes the stock suitable for “swing-traders.”

Pros

  • The stock is relatively predictable making it suitable for swing traders

Cons

  • The stock is expensive to buy
  • HISTORY
  • Price

Intel Corp is a designer, manufacturer, and seller of computer parts and technologies. The company also has several networking and data storage platforms. The company was founded by Robert N. Noyce and Gordon E. Moore in 1968 and has its headquarters in Santa Clara, California.

Although this company is not as dominant in the computer manufacturing industry as it was before, its stock is still one of the best day trading stocks. The stock has a price-to-earnings ratio of 12 compared to an average of 21 for stocks in the S&P 500 index. This means that the stock is relatively cheap and is tipped to continue soaring in the coming months. Experts also predict that Intel will continue buying back shares in the coming month and this may create additional opportunities for day traders.

Pros

  • Affordable
  • Very predictable
  • Moderate volatility

Cons

  • Lack of a permanent CEO may create risks for some day traders
  • HISTORY
  • Price

AT&T Inc. is a holding company of several telecommunication services companies with a market capitalization of $217 billion. About 45 million shares of this company, which is headquartered in Dallas Texas, exchange hands on a typical day. The company had its IPO back in 1984 and is listed on the NYSE.

The company's stock hit an all-time high in 1999 but underwent a downward spiral up to May 2003. The stock has been rallying and has easily outperformed the S&P 500 index in recent years. However, this trend has been reversed this year, and the AT&T stock has reached a six-year low in 2018. The stock is widely tipped to soar in the coming months

Day traders can use opportunities of international tariff and trade agreements, taxation policy announcements, competitor performance announcements, and periodic earning reports to profit from the stock.

Pros

  • High market capitalization means there are not liquidity problems
  • Low-cost trade

Cons

  • Relatively low volatility during times of economic uncertainty
  • HISTORY
  • Price

The Russell 2000 index is a measure of the performance for over 2,000 companies with a small market capitalization ($4 billion or less). The companies are listed on the Russell 3000 index. The iShares Russell 200 Index Fund (IWM) is actually a futures based on the Russell 2000 index. This ETF performs well when the U.S. dollar is strong and is also known to have a solid performance in the first quarter.

Pros

  • Tight spreads
  • Can use leverage to maximize profits
  • High liquidity

Cons

  • Trading volumes stop overnight

Microsoft (MSFT)

  • HISTORY
  • Price

Microsoft Corporation is the biggest software company on the entire earth, and about 33 million shares of its stock are traded on a daily basis. The company was founded by Bill Gates and Paul Allen in 1975, and it went public in 1986 with shares selling for $21. The shares have subsequently been split nine times. In 2000, the company's market capitalization reached $600 billion. However, as it was with most tech stocks, the Microsoft stock underwent a downward spiral in most of the 2000s. The company's stock has rallied again to hit another all-time peak in 2018.

The Microsoft stock has a long-term positive outlook, and you stand to benefit from the stock during its periodic earnings report announcements. You can also make money when the company is announcing new products or services, and when competitors are announcing their performance results.

Pros

  • Big market capitalization means there is enough liquidity
  • Relatively predictable

Cons

  • Buying the stock is relatively expensive
  • HISTORY
  • Price

GE is an American multinational corporation that is involved in several sectors although it is currently focusing on renewable energy, power, and aviation. The company, founded in 1892, has its headquarters in Fairfield, Connecticut. The company is the 26th biggest business regarding gross revenue according to Fortune magazine.

The performance of this company in the past 10 to 20 years has been largely negative leading to the GE stock being jettisoned from the Dow Jones Industrial Average. The company's shares recently hit a nine-year low, and the company has been downgraded by several financial rating agencies in previous years

Pros

  • High trading volume of about 31 million per day
  • The stock is one of the cheapest to buy

Cons

  • Uncertainty about the company's future creates a period of erratic stock performance
  • HISTORY
  • Price

Ford Motor Company is an American automaker and ranks 5th in the world regarding vehicle sales. The company is based in Dearborn near Detroit, Michigan. This company was founded by Henry Ford in 1903. Ford has come through several hard periods including the great depression and the 2008 financial crisis. The company's stock plummeted to a six-year low this year. Ford Motor Company Stock (F) currently trades about $9 at the New York Stock Exchange. Most experts believe the stock of Ford is grossly undervalued and they predict better days ahead for the company.

Pros

  • Can be volatile during some announcements

Cons

    • Can be unpredictable

The Verdict

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We believe the Bank of America stock is one of the best day trading stocks. The stock never seems to stop soaring and falling and presents multiple opportunities of profiting throughout the day. The high trading volumes mean you will never face liquidity problems.

The stock's price of about $25 means it is affordable to most day traders. Apple and Microsoft stocks also present good opportunities for day trading. These stocks' high trading volumes, frequent product/service announcements by their holding companies, and big market capitalization make them some of the best day trading stocks currently. But their relatively high price means they are not affordable for day traders with little investment capital.

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