Day Traders Love These 3 Stocks. Should You?
We're living in a golden age of day trading.
The popular mobile app Robinhood has ushered in a new era of stocks trading, making no-commission trades the norm in the industry. Meanwhile, Americans with extra time on their hands during the pandemic have taken enthusiastically to trading, flooding social media sites like Reddit, YouTube, and TikTok to learn more about stocks and trade tips.
Day trading comes with risks, though, as the trading strategy tries to capture short-term profits on quick movements in stocks. These types of "meme stocks," which are popular with day traders, tend to be volatile and their moves are largely based on investor sentiment and technical analysis, rather than fundamentals. Keep reading to see three of the most popular stocks with day traders today.
Source Fool.com
