Insighs > The top 3 stocks for daily traders in 2023

The top 3 stocks for daily traders in 2023

By WTT Master, Updated 28/05/2023
stock market
We at WaysToTrade are dedicated to giving traders the most up-to-date and illuminating information to aid in navigating the financial markets. We examine trading patterns, market movements, and trader behavior to find market possibilities and obstacles. Finding the appropriate stocks for daily trading is one of the critical problems we’ve observed. In light of this, we have chosen NVIDIA, Microsoft, and Apple as the top 3 stocks for day trading in 2023. In addition to being leaders in their respective industries, these stocks provide the liquidity and volatility needed for day trading.


Nvidia regime
Above: NVIDIA regime analysis
Known for its cutting-edge graphics processing units (GPUs) and artificial intelligence (AI) capabilities, NVIDIA is a major participant in the technology industry.Due to the stock’s great performance and the company’s unique advancements in the IT sector, NVIDIA has become a favourite among traders. The need for AI and machine learning technologies is growing, making NVIDIA’s products more important than ever. The stock of NVIDIA has a balanced level of volatility and liquidity, making it a great option for day traders. The company’s stock has performed well in part due to its continual innovation and strong market position. NVIDIA is, however, vulnerable to market changes like any tech stock, so investors should follow news and trends in the sector.


Above: Microsoft regime analysis
With its flagship Windows operating system, Office Suite, and cloud services, Microsoft a well-known brand in the tech sector offers a wide range of goods and services. Another popular choice for day traders is the shares of Microsoft. The corporation is a reliable option in the tech industry because of its broad range of products and consistent revenue flow. The volatility of Microsoft’s stock is often lower than that of other tech firms, making it a safer investment for individuals who favour stable growth. The company has a solid presence in both the consumer and business segments, which supports the stability of its stock. For trading cues, traders can monitor the company’s quarterly earnings releases and product launches.


Apple regime
Above: Apple regime analysis
The iPhone, iPad, and Mac computers are just a few examples of Apple’s cutting-edge goods. Apple is a titan in the tech sector.Due to the company’s strong brand and continuous success, traders are fond of Apple’s stock. New products and update releases on a regular basis keep the business in the public light and stimulate market activity.The volatility and liquidity of Apple’s stock are well balanced. Regular product updates and launches by the corporation frequently result in substantial market reactions, creating a wealth of trading opportunities. However, investors should be cautious of the possible effects on Apple’s stock price of problems with the global supply chain and rivalry in the IT sector.


NVIDIA, Microsoft, and Apple are the top choices for daily traders in 2023, according to WaysToTrade’s analysis. These three tech behemoths have distinguished themselves in the present market environment with a special mix of liquidity, volatility, and market leadership. For day traders, liquidity is a key factor, and these stocks thrive in this area. High liquidity allows traders to easily enter and exit positions without materially affecting the stock price. With their substantial market capitalizations and huge trading volumes, NVIDIA, Microsoft, and Apple offer this crucial liquidity.Even though it is frequently considered a danger element, volatility has two sides and can be advantageous for day traders. Even if the risk is larger, it has the potential to yield higher returns. The market attitude, technological breakthroughs, and macroeconomic considerations have all contributed to the healthy level of volatility seen by the stocks of NVIDIA, Microsoft, and Apple. For those who can adeptly handle the market’s ebbs and flows, this volatility offers a wealth of trading opportunities.Finally, market leadership is a crucial factor. Leaders in their professions typically have stronger financials, a competitive advantage, and higher resilience to market downturns. They are all powerful players in the IT sector thanks to NVIDIA’s dominance in GPUs and AI, Microsoft’s dominance in software and cloud services, and Apple’s innovations in consumer electronics. We at WaysToTrade are dedicated to giving traders the information and resources they need to make wise trading decisions. Knowing how stocks like NVIDIA, Microsoft, and Apple behave can help day traders successfully navigate the market in 2023. As always, we advise all traders to enter the market with a well-considered plan, a solid grasp of their risk tolerance, and a dedication to lifelong learning.

WayToTrade’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of WayToTrade as a whole. Learn more in our disclosure page. 

Download tested strategies now

Start to generate your second income today

Create a free account to continue and enjoy access to the best trading strategies for free for TradingView.