Day trade now

Screening Filters

1. Price: $2 – $100

   • Purpose: Focus on tradable, reasonably priced stocks that are accessible for active day trading.
   • Rationale:
     • Stocks under ~$2 can be illiquid, highly manipulated, and have wider spreads, making fast in‑and‑out trades riskier and harder to execute at good prices.
     • Very high-priced stocks (e.g., $500+) can require larger capital per share and may not be ideal for smaller day-trading accounts or for scaling in/out in small increments.
     • The $2–$100 range is a practical “sweet spot” where you typically find enough volatility, volume, and tighter bid‑ask spreads to support intraday strategies.

2. Relative Volume: ≥ 1

   • Purpose: Identify stocks trading at or above their normal activity level today.
   • Rationale:
     • Relative volume compares current volume to the stock’s average volume (e.g., over the last 30 days).
     • A value ≥ 1 means today’s trading is at least “normal,” often higher, which is key for day traders who need:
       • Fast order fills
       • Tighter spreads
       • More reliable intraday price moves
     • Elevated relative volume often signals news, catalysts, or unusual interest—exactly the kind of conditions day traders look for.

3. Monthly Average Dollar Volume: ≥ $500,000

   • Purpose: Ensure a baseline of liquidity and institutional-level tradability.
   • Rationale:
     • Dollar volume = price × volume, which is more informative than share volume alone.
     • A minimum of $500k traded per day (averaged over the month) filters out thinly traded names where:
       • Getting in/out of positions is harder
       • Slippage is higher
       • Single orders can move the market
     • This threshold helps keep the list focused on stocks where you can execute day trades without dramatically impacting price.

4. Price Change % (on the day): ≥ 1%

   • Purpose: Capture stocks already showing meaningful intraday movement (volatility).
   • Rationale:
     • Day traders depend on price movement; a stock moving less than ~1% often doesn’t offer enough range to justify multiple trades after fees/spreads.
     • A minimum 1% move ensures you’re looking at names with some momentum or reaction to a catalyst, which is where most intraday setups (breakouts, pullbacks, reversals) tend to appear.

Why Results Match the User’s Request

• The liquidity filters (relative volume ≥1 and dollar volume ≥$500k) focus on names where day trades can be executed quickly, with tighter spreads and less slippage—core requirements for intraday strategies.
• The price range filter ($2–$100) targets stocks that are both accessible to most traders and commonly active enough to provide intraday opportunities.
• The price movement filter (≥1% daily change) ensures the list emphasizes stocks actually moving today, which is crucial when looking for day trading opportunities right now, not just fundamentally interesting companies.

Together, these filters narrow the universe to stocks that:

• Are active today
• Have sufficient liquidity
• Are moving enough to present potential intraday setups
  —making them aligned with your request for current market day-trading opportunities or analysis.