{"id":56451,"date":"2023-08-09T08:45:47","date_gmt":"2023-08-09T12:45:47","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=56451"},"modified":"2023-08-09T14:09:22","modified_gmt":"2023-08-09T18:09:22","slug":"15-best-day-trading-stocks-ytd-2023","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/15-best-day-trading-stocks-ytd-2023","title":{"rendered":"15 Best Day Trading Stocks YTD (2023)"},"content":{"rendered":"
\"Shark<\/h5>\n
\u201cYou are only as good as the stocks you trade.\u201d <\/span><\/h5>\n
Mike Bellafiore, <\/span>One Good Trade<\/span><\/i><\/h6>\n

Do you find yourself searching for the right stocks to day trade, only to end up with disappointing results again and again?\u00a0<\/span><\/p>\n

As Mike Bellafiore preaches to us at SMB Capital, \u201cYou are only as good as the stocks you trade.\u201d\u00a0 You can be the best trader in the world, but you will lose money if you pick the wrong stock(s).\u00a0 Conversely, if you are an adequate trader and choose an outstanding stock to trade, you can profit handsomely.\u00a0\u00a0<\/span><\/p>\n

To be a consistently profitable trader, you have to pick the right stocks to trade. There, I said it.\u00a0\u00a0<\/span><\/p>\n

But what is the <\/span>right <\/span><\/i>stock? How do you determine which stocks are the best ones to trade?<\/span><\/p>\n

The answer may bring you millions of dollars in trading profits.<\/span><\/p>\n

But the good news is that it\u2019s a question that we can help you answer since here at SMB Capital, we have a trading floor of over 50 professional traders. I am one of them.\u00a0<\/span><\/p>\n

We\u2019re located in the heart of New York City and are one of the world’s longest-standing and most successful proprietary trading firms; proud to have developed numerous 7-figure and even 8-figure per year day traders.<\/span><\/p>\n

I\u2019ve been a professional proprietary trader for SMB for years, and in this article, I will share what I believe to be the top 15 day trading stocks (so far) for 2023.\u00a0<\/span><\/p>\n

But even more… I will give you the blueprint (Stocks In Play) to find more stocks like this for your trading account.<\/span><\/p>\n

And even more…I will provide examples of trades you could have made in these stocks.<\/span><\/p>\n

Imagine having a head start, as if someone has already done most of the work of finding an edge for you.\u00a0<\/span><\/p>\n

With this blueprint for finding the best stocks to trade and a comprehensive list of carefully selected stocks (and examples of day trades within them), you can tap into the potential of these market gems, increase your chances of success, and find other stocks just like them!<\/span><\/p>\n

In this article, traders will takeaway:<\/span><\/p>\n

    \n
  1. The blueprint to find the best stocks to trade (Stocks In Play)<\/span><\/li>\n
  2. Examples of these best stocks with the top 15 day trading stocks of the year<\/span><\/li>\n
  3. Bonus- examples of trades you could have made in these top 15 day trading stocks of the year<\/span><\/li>\n<\/ol>\n

    Get ready to navigate the complexities of day trading and stock selection with confidence.<\/span><\/p>\n

    Understanding Good Stocks To Day Trade<\/b><\/h3>\n

    Do you ever feel like you\u2019re trading the wrong stocks?\u00a0\u00a0<\/span><\/p>\n

    And if you were in better stocks you would make much more money trading?<\/span><\/p>\n

    Well, you\u2019re right. You need to be in the right stocks; being in them makes all the difference.<\/span><\/p>\n

    The best stocks to trade are what we call Stocks In Play.\u00a0<\/span><\/p>\n

    Here is how we define a Stock In Play:<\/span><\/p>\n

      \n
    1. Catalyst- News or Technical or Price<\/span><\/li>\n
    2. Catalyst 8 (or better) out of 10<\/span><\/li>\n
    3. Liquidity<\/span><\/li>\n
    4. Range\u00a0<\/span><\/li>\n
    5. RVOL >3<\/span><\/li>\n<\/ol>\n

      Let\u2019s explain what we mean by each so you know exactly what to look for as a day trader.\u00a0\u00a0<\/span><\/p>\n

      Find a Catalyst (News or Technical or Price)<\/b><\/h4>\n

      Stocks In Play are stocks with a catalyst.\u00a0 A catalyst behind the stock will cause many market participants to buy it.\u00a0 And not only buy the stock but buy the stock today.\u00a0<\/span><\/p>\n

      Think about who moves stocks.\u00a0 The traders who move stocks are those with big money- Investment Banks, Hedge Funds, Asset Management Companies, Sovereign Wealth Funds, Pension Funds, and Private Equity Firms.\u00a0 Think about these big money traders sitting around their trading stations, waiting to put their millions to work.\u00a0 What are they going to be interested in buying?<\/span><\/p>\n

      These big money trades want a catalyst to put serious money to work.\u00a0 They want a good reason to put their vast sums behind a trading idea for their firm and clients.\u00a0 They need to perform.\u00a0 They need to make money on their trades.\u00a0 They must also explain to their clients why they put big money into a stock.\u00a0 A positive news catalyst is something their clients will easily understand and accept.\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n

      Read <\/span>The Only Day Trading Guide a Beginner Will Ever Need (The Basics from A to Z)<\/span><\/a>.<\/span><\/p>\n

      So what is a catalyst for these big money traders?<\/span><\/p>\n

      A catalyst is either a news, technical, or price catalyst.\u00a0 A catalyst can either be positive or negative.\u00a0\u00a0<\/span><\/p>\n

      A News Catalyst\u00a0<\/b><\/p>\n

      The top positive news catalysts are<\/span><\/p>\n

        \n
      1. An unusually good earnings report,<\/span><\/li>\n
      2. Better than expected guidance reported,<\/span><\/li>\n
      3. A new product announced,<\/span><\/li>\n
      4. a Move into a hot new sector,<\/span><\/li>\n
      5. Collaboration or partnership with an established company<\/span><\/li>\n
      6. Favorable government regulatory announcement\u00a0<\/span><\/li>\n
      7. New large contract for the company<\/span><\/li>\n
      8. Cost cuts<\/span><\/li>\n
      9. Analyst Upgrades<\/span><\/li>\n
      10. Macroeconomic news<\/span><\/li>\n
      11. Management changes<\/span><\/li>\n
      12. Dividend Announcements<\/span><\/li>\n<\/ol>\n

        As mentioned, an example of a stock with a news catalyst can be a stock that has recently released its Earnings Report.\u00a0 It is best to find stocks with unusually good or bad news that was unexpected by most market participants. Again think of that big money trader seeking to put millions or hundreds of millions to work.\u00a0 What would get them interested in buying a stock?\u00a0<\/span><\/p>\n

        Unusually good and unexpected news would get them interested.\u00a0\u00a0<\/span><\/p>\n

        A typical example of a news catalyst worth trading would be company XYZ just releasing their Earnings Report, and it is much better than expected.\u00a0 With this positive news catalyst, big-money traders will want to jump in to take a position or add to their existing position. We will want to trade this stock as a result along with them.\u00a0<\/span><\/p>\n

        Big money traders can drive the stock to much higher prices with a positive news catalyst.\u00a0 Big money traders leave footprints as to their intentions.\u00a0 As day traders, we can detect that they are buying and buying big.\u00a0 We use our Tape Reading skills to see this.<\/span><\/p>\n

        Tape Reading is a study of the order flow of a stock.\u00a0 When traders learn Tape Reading, they can examine the buying and selling of a stock and find areas where it is more likely to go up or down.\u00a0 This is a skill they learn like a basketball player learns ball handling.\u00a0 Can you be a solid basketball player without learning how to dribble?\u00a0\u00a0<\/span><\/p>\n

        With this essential skill for day trading, traders can position themselves to find excellent risk\/reward trades at prices to help grow their trading account.\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n

        For more on Tape Reading, see<\/span> How to Use Tape Reading to Make Quick Profitable Trades (for Scalping)<\/span><\/a>.\u00a0<\/span><\/p>\n