Stick to day trade today under $20/share

Screening Filters & Rationale

1. Price (max: $20):

   • Purpose: Focus on stocks priced under $20 to align with the user's budget for day trading.
   • Rationale: Lower-priced stocks often exhibit higher volatility, which can create more opportunities for intraday price movements.

2. Relative Volume (min: 1.5):

   • Purpose: Identify stocks with trading activity significantly above their average volume.
   • Rationale: High relative volume indicates increased market interest, which can lead to stronger price movements during the day.

3. Weekly Average Turnover (min: $1,000,000):

   • Purpose: Ensure sufficient liquidity for smooth entry and exit during trades.
   • Rationale: High turnover reduces the risk of slippage and ensures tighter bid-ask spreads.

4. Gap-Up Pattern:

   • Purpose: Target stocks that opened significantly higher than their previous close.
   • Rationale: Gap-ups often signal strong bullish sentiment or positive news, which can drive further intraday momentum.

5. Weekly Price Change Percentage (min: 0%):

   • Purpose: Focus on stocks with positive weekly performance.
   • Rationale: Positive weekly trends suggest upward momentum, increasing the likelihood of profitable day trades.

6. Optionable Stocks:

   • Purpose: Include only stocks with listed options.
   • Rationale: Optionable stocks tend to have higher liquidity and attract more active traders, enhancing price action opportunities.