Stock picks for tomorrow as a day trader

Screening Filters

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

   • Purpose: To ensure the selected stocks have sufficient liquidity.
   • Rationale: Day traders rely on high liquidity to enter and exit positions quickly without significantly impacting the stock price. A minimum weekly average turnover of $1,000,000 ensures that the stocks are actively traded and suitable for short-term trading strategies.

2. Relative Volume (min: 1.5):

   • Purpose: To identify stocks experiencing higher-than-usual trading activity.
   • Rationale: A relative volume of at least 1.5 indicates that the stock is trading at 1.5 times its average volume. This is often a sign of increased market interest, which can lead to significant price movements—ideal for day trading opportunities.

3. Price Change Percentage (min: 2%):

   • Purpose: To focus on stocks with notable price movements.
   • Rationale: Day traders look for stocks with volatility and momentum. A minimum price change of 2% ensures that the selected stocks are experiencing meaningful price action, which is essential for short-term profit opportunities.

4. Beta (HighRisk):

   • Purpose: To target stocks with higher volatility.
   • Rationale: High-beta stocks are more sensitive to market movements, making them more volatile. This volatility is a key characteristic that day traders seek, as it provides the potential for larger intraday price swings and profit opportunities.

Why Results Match:

• The filters collectively focus on stocks that are liquid, volatile, and experiencing significant trading activity and price movements. These are the key characteristics that day traders look for to capitalize on short-term price fluctuations.
• By combining these criteria, the screener identifies stocks that are more likely to present actionable opportunities for day trading tomorrow.