List of stocks to daytrade

Screening Filters

1. Market Cap ≥ $50,000,000

   • Purpose: Exclude extremely small / very illiquid microcaps that are harder and riskier to day trade.
   • Rationale:
     • Very tiny companies often have huge bid–ask spreads and thin volume, making it hard to enter and exit intraday without significant slippage.
     • A $50M floor still allows smaller, more volatile names (often preferred by day traders) while filtering out the most illiquid, obscure stocks.

2. Price Between $2 and $100

   • Purpose: Avoid ultra-low-priced “penny stocks” and extremely expensive names that are not practical for many day traders.
   • Rationale:
     • Below $2, stocks are often highly manipulated, have poor liquidity, and can halt frequently—problematic for intraday trading.
     • Above $100, the dollar move per share can be large, making position sizing tougher for smaller accounts and sometimes reducing percentage volatility vs. mid-priced names.
     • The $2–$100 range tends to include many actively traded, volatile yet manageable stocks that are popular with day traders.

3. Monthly Average Dollar Volume ≥ $300,000

   • Purpose: Ensure a minimum level of liquidity so trades can be executed quickly with tighter spreads.
   • Rationale:
     • Dollar volume (price × volume) is a better measure than share volume alone for how much money actually changes hands.
     • A minimum of $300k/month filters for names where you’re more likely to get filled without moving the market too much, which is important for short-term trading.

4. New High/Low: 52-Week High or 52-Week Low

   • Purpose: Focus on stocks making significant moves that are more likely to have momentum and volatility—key ingredients for day trading.
   • Rationale:
     • Stocks hitting 52-week highs often attract breakout traders, momentum funds, and news-driven interest, leading to strong intraday trends.
     • Stocks hitting 52-week lows can attract shorts and bargain hunters, also driving high intraday activity and range.
     • Both extremes tend to have elevated volume and clearer directional moves, giving more opportunity for intraday setups.

5. Exchange: NYSE (XNYS), NASDAQ (XNAS), AMEX (XASE)

   • Purpose: Restrict results to major U.S. exchanges with better regulation, transparency, and generally higher liquidity.
   • Rationale:
     • These exchanges are where most active day trading occurs and where you’ll find tighter spreads, more reliable quotes, and better access via most brokers.
     • Excluding OTC and minor exchanges removes many low-quality, thinly traded, higher-manipulation-risk stocks that are poor for day trading.

Why Results Match Your “Day Trading” Request

• The liquidity filters (market cap and dollar volume, plus major exchanges) target stocks that you can enter and exit quickly without huge slippage.
• The price band ($2–$100) favors names that are tradable for a wide range of account sizes, avoiding the worst penny-stock behavior and very high-priced outliers.
• The 52-week high/low filter deliberately focuses on stocks currently in play—those making significant moves, which are more likely to provide the volatility and intraday ranges that day traders seek.