Daytrading Center

Screening Filters

1. Price: $5–$150

   • Purpose: Focus on tradable, reasonably priced stocks suitable for active day traders.
   • Rationale:
     • Very low-priced stocks (<$5) are often illiquid, more easily manipulated, and have wider spreads—bad for day trading.
     • Very high-priced stocks (> $150) require more capital per share and can be less flexible for scaling in/out intraday.
     • The $5–$150 range balances liquidity, volatility, and accessibility for active trading.

2. Relative Volume (relative_vol ≥ 1.5)

   • Purpose: Identify stocks currently trading with at least 50% more volume than their normal average.
   • Rationale:
     • Day traders need unusually high activity—this is where intraday moves and clean price action usually happen.
     • Relative volume ≥ 1.5 signals heightened interest (news, sector move, commodity spike), which can create the volatility and follow-through you’d want when trying to daytrade something correlated to XPDUSD.

3. Monthly Average Dollar Volume (≥ $500,000)

   • Purpose: Ensure minimum liquidity in dollar terms.
   • Rationale:
     • Dollar volume (price × volume) is a better liquidity gauge for active traders than share volume alone.
     • A $500k+ monthly average dollar volume filter helps reduce slippage and makes it easier to get in and out quickly—critical for day trading strategies.

4. Beta: HighRisk

   • Purpose: Target higher-volatility stocks that tend to move more than the overall market.
   • Rationale:
     • XPDUSD (palladium) is volatile; if you’re trying to “daytrade XPDUSD” via equities, you want stocks that move a lot and respond strongly to commodity shifts.
     • High beta = larger price swings, which are necessary for short-term trading profits (as long as risk is managed).

5. Industry: Metals & Mining

   • Purpose: Restrict results to companies whose core business is directly tied to metals/commodities.
   • Rationale:
     • XPDUSD is the palladium spot (precious metal). The closest equity proxies are miners and metal producers.
     • Metals & Mining stocks often respond to moves in underlying metals (gold, silver, PGMs like palladium, etc.), making them more relevant when you’re seeking exposure similar to daytrading a metal pair.

6. Themes: Gold Mining and Precious Metals, Mining, Uranium

   • Purpose: Further narrow to commodity-sensitive names with strong linkage to metals pricing.
   • Rationale:
     • Gold Mining and Precious Metals: Captures companies whose revenue and sentiment are driven by precious metals prices (gold, silver, palladium, platinum). While not pure palladium, they often move in sympathy to broader precious metals flows and risk sentiment.
     • Mining: Broad mining theme adds more candidates that still have commodity exposure and cyclicality similar to metal price moves.
     • Uranium: Included as another high-beta, commodity-linked mining subsector that tends to have strong speculative flows and significant intraday volatility—useful from a day trading standpoint even if not directly tied to palladium.

Why Results Match Your “Daytrading XPDUSD” Goal

• XPDUSD itself is a metal/FX pair, not a stock; the screener can’t return it directly, so it searches for equity proxies that behave similarly: metals & mining stocks with high volatility and good liquidity.
• The industry + themes (Metals & Mining, Precious Metals, Mining) anchor you in companies whose prices are heavily influenced by metals cycles, sometimes including palladium exposure or at least correlated precious metals sentiment.
• The high beta + elevated relative volume filters specifically look for names that are moving strongly right now, which is what you want for intraday setups.
• The price and liquidity filters ensure these are practical day-trading candidates—not illiquid penny stocks or thinly traded names—with tight enough spreads and sufficient depth to enter/exit quickly.

Taken together, these filters aim to approximate “daytrading XPDUSD” by surfacing liquid, high-volatility metals-related stocks that can serve as tradable vehicles when you want exposure to fast-moving metal/commodity dynamics.