Saturday, December 29, 2012

Stock selection for Day Traders

One of the important decision day traders make is selection of stocks for the day. As the saying goes "we are only as good as the stocks we trade ".

  1. I try to trade stocks in play ( SIP). Stocks which are having fresh news.
  2. Business papers like Business Standard, Economic Times report stocks in news which are good candidates for day trading.
  3. Most active securities for the previous day and the trading day.
  4. Breaking news stocks on Business channels like  CNBC, ET NOW
  5. Earnings season offers number of stocks for Intraday opportunities.
  6. NSE website has a tool called  STOCK WATCH which gives comprehensive picture of many stocks and sector along with their 365 day and 30 Day movements which can help the trader on over performance and under performance of stocks.
  7. Stock screeners on websites like ICharts.
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