Screening Filters
Price: $1 – $30
- Purpose: Find lower-priced but reasonably established stocks that you can actually trade with around $50.
- Rationale:
- Minimum $1 avoids ultra-cheap OTC/pink-sheet names that are often very illiquid and highly manipulated.
- Maximum $30 keeps you in a range where, with ~$50, you can buy at least 1–5+ shares instead of being stuck with a fraction of one expensive stock. This matters for day trading because it’s easier to think in terms of share counts and small moves.
Volume: ≥ 1,000,000 shares (today)
- Purpose: Ensure high liquidity so you can get in and out quickly.
- Rationale:
- Day traders need tight bid-ask spreads and lots of trading activity.
- A minimum of 1M shares traded helps filter out “dead” stocks that barely move or are hard to exit without moving the price against you.
Relative Volume: ≥ 2
- Purpose: Focus on stocks that are “in play” today, trading at least twice their normal volume.
- Rationale:
- Relative volume ≥ 2 means the stock is getting unusual attention right now (news, earnings, hype, etc.).
- This often translates into stronger intraday moves and cleaner momentum for day trading—exactly what you want on a “stock radar” for today’s plays.
Price Change % (Today): -25% to +25%
- Purpose: Capture stocks moving meaningfully today, without going to the most extreme outliers.
- Rationale:
- A band of -25% to +25% includes strong movers (both gainers and losers) that can offer tradable intraday swings.
- It excludes some of the very extreme >25% runners or crashers that may be halted repeatedly or behave erratically, which can be too risky given your small account.
- Including both negative and positive movers lets you look at potential bounce plays (big red names) and momentum/continuation plays (big green names).
Exchanges: NYSE (XNYS) and NASDAQ (XNAS)
- Purpose: Stick to major, regulated US exchanges with better transparency and liquidity.
- Rationale:
- NYSE and NASDAQ stocks generally have tighter spreads, more reliable data, and are easier to trade via brokers like SoFi.
- This avoids OTC/gray market names, which are often traps for small day trading accounts.
Region: United States
- Purpose: Focus on US-listed companies that trade during normal US market hours and are fully supported on most US brokers.
- Rationale:
- Matches your SoFi brokerage setup and typical day-trading schedule.
- Avoids complications with foreign markets (different hours, currency, lower liquidity, ADR quirks, etc.).
Why These Results Match a “Stock Radar for Day Trading”
- They highlight liquid, actively traded US stocks you can easily access on SoFi.
- The price range fits a small account (~$50) while avoiding the worst penny-stock junk.
- High volume + high relative volume focuses on names that are moving today, not just randomly picked tickers.
- The price-change filter targets stocks with real intraday movement (both up and down) that can offer day-trading opportunities, while attempting to avoid the most chaotic extremes.
In short, this set of filters builds a practical “radar screen” of today’s active, tradeable stocks that make sense for short-term day trading with a small account.
This list is generated based on data from one or more third party data providers. It is provided for informational purposes only by Intellectia.AI, and is not investment advice or a recommendation. Intellectia does not make any warranty or guarantee relating to the accuracy, timeliness or completeness of any third-party information, and the provision of this information does not constitute a recommendation.