Tips to Choose the Right Intraday Trading Stocks

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Tips to Choose the Right Intraday Trading Stocks

• Presentation by Biglivetrade

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Trade Only in Liquid Stocks

• Liquidity is the most important intraday trading
  tip while choosing the right stocks to trade
  during the day. Liquid stocks have huge trading
  volumes whereby larger quantities can be
  purchased and sold without significantly
  affecting the price.

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Stay Away from Volatile Stocks

• It is commonly noticed that a low daily volume of
  traded stocks or those where some huge news is
  expected move in an unpredictable way.
  Sometimes,buy sell signal software the stock may
  show volatility even after the announcement of
  the big news. Traders are recommended to avoid
  intraday trading in such stocks.

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Follow the Trend

• One of the most important intraday trading tips
  is to remember that moving with the trend is
  always beneficial. During a bull run in the stock
  market, traders must try to identify stocks that
  can potentially rise. On the other hand, during
  the bear run, finding stocks that are likely to
  decline is advisable.

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Trade in Good Correlation Stocks

• An intraday tip for choosing the right stock is
  to opt for those that have a higher correlation
  with major sectors and indices. This means when
  the index or the sector sees an upward movement,
  the stock price also increases.

6
Pick after Research

• Undertaking quality research is one of the most
  vital intraday tips that traders must always
  remember. Unfortunately, most day traders avoid
  doing their research. Identifying the index and
  then finding sectors that are of interest is
  recommended.