Hello All,
Choosing of stocks depends on no. of factors like including your level of experience, how much capital you have available, and what style of trading you are doing. Make a trading plan and your trading plan is dynamic, and, thus, will evolve as you continue to learn and uncover your strengths and weaknesses. Also, your personality type will play a part in the types of stock you trade. Determine what degree of risk you can live with and afford. Focus on creating a stock picking strategy that is designed to preserve capital and control risk. The most important objective should be to preserve capital. You need to make sure to "stay in the game!" If you do that, making money should take care of itself. Certain rules that can help you in selection of stock for day trading:
" Trade liquid stocks
" Avoid unpredictable stocks
" Trade stocks with good correlation
" Move with the trend
" Research
" Trade strong stocks in an uptrend, weak stocks in a downtrend
" Be patient - wait for the pullback