Day trading stock pick tipWhat are best day trading stock picks ?This day trading stock pick tip is for every trader who is interested in day trading - very active trading of stocks during one trading day.One of the most important issue is find your great stock picks for current trading day. Every day trader should choose its own stock market daily picks based on these parameters: Liquidity The most important issue is enough liquidity in stock. It means that you need stock with very good average daily trading volume . Best volumes are above 1000000 shares per trading day Liquidity is very important because it allows you to enter and exit trade without any problem with price movements against your position. Slippage will be minimal.
Volatility Stock for daytrading must be stock which is able to make strong movements. Strong movements generate profits for day traders. Volatility is often measured with beta coefficient. So choose stocks with high volatility. "Hot" sector It is always good to choose stock from sector which is popular . Such popular sectors are often mentioned in TV (CNBC, Bloomberg) and it often means that there will be a lot of volatility in them. During last few years we have heard about Internet stocks, semiconductors , then china stocks were in focus, oil stocks and more. Every time there are one or more interesting sectors.
Hot stock picks free screener ideasWhen looking for best stock pick for daytrading then it is possible to use also some screeners. You can utilize hot stock picks free screener available on FinViz site.You can put there these parameters:
As I put these parameters to FinViz screener today I received 24 results. Here is part of table with these results. 
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