Screening Filters
Price: min $3, max $100
- Purpose: Focus on tradable, non-penny stocks that still allow you to buy a reasonable number of shares with a smaller account.
- Rationale:
- Below $3 are often penny stocks: wider spreads, higher manipulation risk, and unreliable intraday moves.
- Above $100 can be harder to day trade with a $1,000–$10,000 account because:
- You can only buy a few shares, limiting flexibility to scale in/out.
- Each $1 move requires more capital to size meaningfully.
- The $3–$100 range is typically a sweet spot for active day traders: enough volatility, better order fills, and more scalable position sizing.
Monthly Average Dollar Volume: min $1,000,000
- Purpose: Ensure good liquidity and tight bid–ask spreads for fast entries/exits intraday.
- Rationale:
- Dollar volume (price × volume) is a strong proxy for how much money actually trades in and out of the stock.
- A minimum of $1M/day (on average) helps you:
- Avoid thinly traded names where orders slip badly (slippage).
- Get in and out quickly, which is crucial for intraday strategies.
- Benefit from tighter spreads, which reduces trading costs—especially important for frequent trades.
Beta: HighRisk (high beta)
- Purpose: Target stocks that move more than the overall market—key for generating meaningful intraday price swings.
- Rationale:
- High beta stocks tend to be more volatile; they move more (in percentage terms) than indexes like the S&P 500.
- For day trading, you want volatility; small, slow movers don’t produce enough range to overcome commissions, spreads, and your risk.
- High-beta names are also more sensitive to news and sentiment shifts (like Fed expectations), aligning with your interest in trading around macro developments.
Price Change %: min +2.5% (recent move)
- Purpose: Find stocks that are already “in play” and attracting attention, with momentum and volatility likely to continue intraday.
- Rationale:
- A recent move of at least +2.5% suggests:
- A catalyst (news, earnings, sector move, macro theme) is active.
- Other traders and algos are focused on the name, increasing liquidity and volatility.
- Day traders usually look for stocks with pre-existing momentum, because:
- Trends and volatility tend to persist intraday.
- You get cleaner setups (breakouts, pullbacks, reversals) versus flat, range-bound names.
Why Results Match Your Request
- You asked for day trade ideas for Monday, February 2, 2026. Effective day trades generally require:
- Liquidity (dollar volume filter) so you can trade in and out quickly.
- Tradable price levels (price filter) suitable for a $1,000–$10,000 account.
- Volatility (high beta + recent ≥2.5% move) to create meaningful intraday swings.
- Together, these filters narrow the universe down to liquid, mid-priced, high-volatility stocks that are already moving, which is exactly the profile most day traders seek when building a watchlist for a specific trading day like Monday.
This list is generated based on data from one or more third party data providers. It is provided for informational purposes only by Intellectia.AI, and is not investment advice or a recommendation. Intellectia does not make any warranty or guarantee relating to the accuracy, timeliness or completeness of any third-party information, and the provision of this information does not constitute a recommendation.