I need quick scalp trades under a dollar

Screening Filters

1. Price: 0.10 – 1.00

   • Purpose: Focus on low-priced stocks under $1 suitable for small-position scalp trades.
   • Rationale:
     • Upper bound at $1 directly matches your request for “stocks priced under a dollar.”
     • Lower bound at $0.10 avoids ultra‑illiquid sub‑penny / micro‑penny names that are hard to get in and out of quickly and often have huge spreads.

2. Monthly Average Dollar Volume ≥ $2,000,000

   • Purpose: Ensure sufficient liquidity for fast entries and exits, as needed for scalping.
   • Rationale:
     • Dollar volume combines price and share volume, giving a better measure of how much money actually trades hands.
     • A threshold of $2M+ per day on average helps filter out thinly traded stocks where your orders might experience slippage or not fill quickly—both critical issues for scalp trading.

3. Relative Volume ≥ 2

   • Purpose: Find stocks that are trading at at least twice their normal volume today.
   • Rationale:
     • High relative volume usually indicates heightened interest, catalysts, and active intraday trading—ideal conditions for scalpers.
     • When relative volume is ≥2, liquidity and volatility intraday tend to be elevated, creating more short-term trading opportunities.

4. 3-Minute Rate of Change (ROC) ≥ 0.5%

   • Purpose: Capture stocks with very recent, short-term momentum.
   • Rationale:
     • Scalpers rely on immediate price movement, not just the fact that a stock moved earlier in the day.
     • A positive 3-minute ROC (≥0.5%) focuses on names that are currently moving, not stagnant, giving you better chances to catch ongoing micro-trends or momentum bursts.

5. Intraday Price Change %: 3% – 25%

   • Purpose: Target stocks with meaningful intraday movement but avoid extremes that are already too stretched.
   • Rationale:
     • Minimum 3%: Ensures there’s enough volatility for a scalper to capture small but meaningful price swings. Stocks barely moving aren’t useful for quick scalps.
     • Maximum 25%: Avoids names that may already be overextended or “blown out”, where risk of sharp reversals is very high and spreads can widen significantly.

Why Results Match Your Request

• The price filter directly enforces your requirement: sub-$1 stocks only.
• The dollar volume and relative volume filters make sure these cheap stocks are also liquid and actively traded, which is crucial for quick scalp entries and exits.
• The 3-minute ROC and price-change% filters focus the list on stocks with current intraday movement and momentum, rather than dead or slow names, aligning with your goal of quick scalp trades rather than longer swings.