Best cheap stocks to day trade tommorow

Screening Filters & Rationale

1. Price (max: $20):

   • Purpose: Focus on low-priced stocks suitable for day trading.
   • Rationale: Stocks under $20 are more accessible for traders with smaller capital and often exhibit higher volatility.

2. Price Change Percentage (min: 5%):

   • Purpose: Identify stocks with significant price movement.
   • Rationale: A minimum 5% price change ensures the stock has enough volatility to create profitable intraday trading opportunities.

3. Relative Volume (min: 1.5):

   • Purpose: Highlight stocks with increased trading activity compared to their average.
   • Rationale: A relative volume above 1.5 indicates heightened interest, which often leads to better liquidity and price movement.

4. Weekly Average Turnover (min: 1,000,000):

   • Purpose: Ensure sufficient trading volume for easy entry and exit.
   • Rationale: High turnover minimizes the risk of illiquidity, which is critical for day traders aiming for quick trades.

5. Is Optionable (True):

   • Purpose: Include stocks with options trading availability.
   • Rationale: Optionable stocks often have higher market interest and liquidity, making them more attractive for active trading strategies.