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How To Find Stocks For Day Trading: 6 Best Places to Search

In this post I want to discuss how to find stocks for day trading and approaching this question in two ways that will be most helpful for you:

  1. What to look for in stocks that are ‘tradable’; including liquidity, volatility and other attributes you should be looking for
  2. Where to look; what sites, platforms and other sources are helpful for how to find stocks for day trading.

And at the end of this post you will also get some helpful ‘bonus’ tips to really get you on the right path to finding stocks that you can actually trade and more importantly, make a profit when you trade them.

But let me start off by saying that becoming a profitable trader begins with putting in the time to develop a strong foundation in the fundamental principles of day trading and financial markets.

And with this foundation laid down in your trading mindset and knowledge base you will be ready to really make a profit when you do find those ‘tradable’ stocks and have the right setups for your system.

To Effectively Search for Stocks to Trade You First Need Some Knowledge in Trading and Technical Analysis

One of the first questions that come to the mind of a beginner day trader is probably “How do I find good stocks for day trading?”. And this is if you want to make things the right way. Usually, people approaching the financial market want to be rich overnight, and that’s quite hard to it and a good way to start is learning to find good stocks for day trading.

Furthermore, this one is a common question for traders that know how the market and life work. After you have deep down a bit more in the Day Trading market after you have watched a ton of videos and learned “enough”. At this point, you will want to jump into the chart and blast some trades.

This is where this question pop-ups. Many of you have a vague idea of which stock to use, based on recommendation or purely favoritism. Whether is the scenario you, as a trader, should always do nice research.

The first thing you need to know is that you need to have your technical analysis ready for this.

Recommended Read: SSR Rule Stocks

How To Find Stocks For Day Trading?
To effectively search for stocks to trade you first need some knowledge in trading and technical analysis

What to Look For When Searching for Stocks to Trade

Finding stocks to trade is really an important step to have a profitable trading career. And below we will go over exactly what to look for. 

i) Volatility 

Look for stocks that have sufficient volatility. Volatility is important because it creates price movement opportunities.

You will be looking for volatile stocks for day trading. That’s where the money is, day traders take advantage of those movements.

ii) Liquidity

Liquidity is also important because it ensures that you can enter and exit trades easily without significant price slippage. So when searching for stocks to trade it’s important to consider a stock’s liquidity.

how to find stocks for day trading
A quick tip: Research for assets that have a high volatile previous trading session or had an outstanding percent of gains or losses.

When identifying stocks for day trading, you need to consider assets that have great liquidity and have mid to high volatility. Something that many people won’t tell you is that you should look for stocks that have at least 1M shares traded on a daily basis.

iii) Focus on Popular Sectors

There are definitely certain sectors or industries that may experience higher volatility and trading volume. And this makes them potentially good trading sectors. 

Sectors like technology, biotech, and energy sectors often have stocks with significant intraday price movements which makes them quite good for searching for stocks to trade.

iv) Technical Analysis

This should be obvious, but you will need to have the right set ups in order to have a good trade.

And this is probably the final step in finding good stocks to trade. 

After you have found stocks with good volatility and liquidity and in the actors with good price action, then it’s time to apply your technical analysis skills in order to find the stock that is in a goo deposition to trade as per your trading strategy and system.

And in my opinion the best approach to take when it comes to technical analysis is to simplify your trading technical analysis and indicators so that you can test out and find a repeatable strategy and eliminate unnecessary factors to eventually develop a profitable trading strategy.

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With this, you get an idea of which stock to choose for day trading, make a watch list and keep monitoring them.

Related Read: Movies on stock market

Where to Find Stocks for Day Trading?

Okay, so we have covered what to look for in stocks to trade including, volatility, liquidity, considering the sectors or industries and also your technical analysis and set ups.

So then where exactly do you look for stocks to trade?

There are several places where you can search for stocks to trade, ranging from financial websites to specialized tools for traders. Let’s look at some of the best places.

1. Stock Screeners 

Use stock screeners available on financial websites and trading platforms. Examples include Finviz, TradingView, Yahoo Finance, and Thinkorswim by TD Ameritrade. These screeners allow you to filter stocks based on criteria such as market cap, sector, price, volume, volatility, technical indicators, and fundamental metrics.

2. Financial News and Analysis Websites 

Websites like Bloomberg, CNBC, Reuters, and MarketWatch provide up-to-date news, analysis, and market insights. They often highlight stocks with notable price movements, earnings reports, or other significant events.

3. Earnings Calendars 

Check earnings calendars on financial websites or trading platforms to see when companies are reporting earnings. Earnings announcements can lead to volatility and trading opportunities.

How To Find Stocks For Day Trading?
Use stock screeners available on financial websites and trading platforms to search for suitable stocks to trade.

4. Stock Exchanges and Market Data 

Visit the websites of major stock exchanges such as the NYSE, NASDAQ, and others. They provide market data, stock listings, and news related to listed companies.

5. Social Trading Platforms 

Platforms like eToro, StockTwits, and Trade Ideas incorporate social elements where traders share insights, discuss stocks, and post trade ideas. These platforms can offer a community-driven approach to finding trading opportunities.

On YouTube, you can find a wide variation of videos in this area. Remember, not all financial YouTubers are pro traders. But many of them are making a living out of the market and can give you a lot of valuable information on the market.

6. Financial Blogs and Forums 

Explore reputable financial blogs and forums where traders and investors share market analysis, stock picks, and trading strategies. Websites like Seeking Alpha, Investopedia, and Reddit’s r/StockMarket and r/Investing can be valuable resources.

Popular stocks for day trading

There are popular stocks that are in many cases good choices among day traders. As far as today, one of the most popular stocks are Alphabet (GOOGL), Nvidia (NVDA), Goldman Sachs (GS), and Crocs (CROX). Those are fast-growing stocks right now and many people have them under their eyes. You can respect volatility in those stocks.

Wrapping everything up

So now you know the best things to look for in a suitable stock to trade which are volatility, liquidity, the sector or industry and you technical set ups for your system.

And you also have the 6 best places to look when searching for stocks to trade.

So some key points to takeaway are:

  • Day traders focus on mid-high volatility stocks
  • Follow volume and volatility
  • Great Liquidity
  • Look for stocks that have at least 1M shares traded on a daily basis.
  • Focus on stocks that had an outstanding percent of gains or losses
  • Research for assets that have a high, volatile previous trading session.

So now you have a better picture when it comes to searching for stocks to day trade. And the best way to get good at this is to practice, test, adapt and learn – and repeat this a lot!

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