Day trading where do i go

Screening Filters

1. price: 2 to 100

• Purpose: Focus on stocks that are accessible for short-term trading.
• Rationale: Day traders usually want stocks that are not too cheap, not too expensive, and still liquid enough to trade efficiently. This range helps avoid extremely low-priced stocks that can be erratic or harder to trade, while also excluding very high-priced names that may be less practical for frequent entries and exits.

2. monthly_average_dollar_volume: at least 1,000,000

• Purpose: Ensure liquidity.
• Rationale: Day trading depends on being able to get in and out quickly with tight spreads and enough volume. A minimum dollar volume filter helps find stocks that trade actively, reducing slippage and execution problems.

3. relative_vol: at least 1.5

• Purpose: Find stocks with above-average recent trading activity.
• Rationale: Day traders look for movement. Relative volume above 1.5 suggests the stock is trading more actively than usual, which often means more intraday opportunity and stronger price swings.

4. beta: HighRisk

• Purpose: Target more volatile stocks.
• Rationale: Higher-beta stocks tend to move more than the broader market. That extra volatility can create the price action day traders need to profit from short-term moves.

5. moving_average_relationship: PriceAboveMA5

• Purpose: Identify short-term bullish momentum.
• Rationale: If the price is above the 5-day moving average, it often signals near-term strength and upward momentum. For day trading, this can help surface stocks that are already trending positively and may continue moving.

6. price_change_pct: at least 0

• Purpose: Focus on stocks that are currently green on the day.
• Rationale: A non-negative daily change helps identify stocks with active upward price action, which is useful for momentum-based day trading setups.

7. week_price_change_pct: at least 0

• Purpose: Favor stocks with positive short-term trend.
• Rationale: A positive weekly change suggests the stock has recent momentum beyond just one session. That can help traders find names with sustained strength rather than random one-off moves.

Why Results Match:

• The filters together are built for active, liquid, volatile stocks, which are the core ingredients for day trading.
• They emphasize price movement, volume, and momentum, which help surface stocks that are more likely to offer intraday opportunities.
• The combination of high relative volume, higher volatility, and short-term bullish trend filters helps narrow the list to stocks that are more likely to be tradable during the day.
• The liquidity filter reduces the chance of getting stuck in thinly traded names, which is especially important for fast trading styles.
• Overall, these filters are appropriate for someone asking “day trading where do i go” because they point toward stocks with the characteristics day traders typically seek: movement, liquidity, and momentum.