To be successful in Day Trading, one must be able to spot up and down patterns quickly in Stocks they0re watching 0 But one question remains. 0What Stocks should I be watching?0 Once you0ve mastered this one technique, you0ll be a mile ahead of other day traders not using this technique.
Top day traders have what they call a 0Watch List.0 This watch list is the list they0re constantly watching, looking for patterns that indicate it would be a good time to buy. The majority of a successful day trader0s trades come from watching Stocks on their watch list.
What are the criteria for choosing a good stock for your watch list?
One important criterion is liquidity. A stock that trades at least 1.5 million shares a day is a good rule of thumb. Even if the stock matches all the other criteria, it does no good if you can0t quickly buy or sell your stock.This is not too difficult to look for as most good Day Trading Stocks trade in many millions a day. Upto 30 million in one day for the huge liquid Stocks. Keep out of thinly traded Stocks. The Market Makers can manipulate their price movement too easily.
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