Let me seethedaytrading stocks

Screening Filters

1. Relative Volume (relative_vol: min 2):

   • Purpose: To identify stocks with significantly higher trading activity compared to their average volume.
   • Rationale: Day traders often look for stocks with high relative volume because increased trading activity can indicate heightened interest or volatility, which creates opportunities for short-term price movements.

2. Weekly Average Turnover (weekly_average_turnover: min 2,000,000):

   • Purpose: To ensure the selected stocks have sufficient liquidity.
   • Rationale: Liquidity is crucial for day traders to enter and exit positions quickly without causing significant price changes. A minimum weekly turnover of $2,000,000 ensures that the stocks are actively traded and suitable for day trading.

3. Beta (HighRisk):

   • Purpose: To focus on stocks with higher volatility.
   • Rationale: High beta stocks are more sensitive to market movements, which makes them more likely to experience significant price swings during the day. This aligns with the needs of day traders who rely on price fluctuations to generate profits.

4. Price (min 5, max 50):

   • Purpose: To filter for stocks within a specific price range that is affordable and commonly targeted by day traders.
   • Rationale: Stocks priced between $5 and $50 are often preferred by day traders because they are not too expensive (allowing for larger position sizes) and tend to have enough volatility for short-term trading opportunities.

Why Results Match:

• The filters collectively focus on stocks that are highly liquid, volatile, and actively traded, which are key characteristics sought by day traders.
• By targeting stocks with high relative volume and turnover, the screener ensures that the selected stocks are experiencing significant market activity, increasing the likelihood of intraday price movements.
• The inclusion of high beta stocks ensures that the results are skewed toward stocks with greater price sensitivity, which is ideal for day trading strategies.
• The price range filter ensures that the stocks are neither too expensive nor too illiquid, making them accessible and practical for day trading purposes.

These filters are well-suited to help identify stocks that align with the user's interest in day trading.