What about for short term profit

Screening Filters

1. Price: $5–$100

   • Purpose: Focus on reasonably priced, tradable stocks that fit a small account size.
   • Rationale: With $500, you need stocks where you can buy multiple shares and still manage risk (e.g., scale in/out, set stops).
     • Min $5 avoids ultra-low-priced “penny stocks,” which are often illiquid and highly manipulated—riskier for a newer trader.
     • Max $100 keeps the list to stocks where you can buy at least a few shares, so one position doesn’t consume all your capital.

2. Monthly Average Dollar Volume ≥ $1,000,000

   • Purpose: Ensure good liquidity for short-term trading.
   • Rationale: For short-term or day trading, you want stocks that trade enough dollar value each month so you can enter and exit quickly near the current price.
     • High dollar volume reduces slippage (getting worse prices than you expect).
     • It also generally means tighter bid–ask spreads, which matters a lot when you’re aiming for smaller, short-term moves.

3. Moving Average Relationship: PriceAboveMA20

   • Purpose: Capture stocks in a short-term uptrend.
   • Rationale: The 20-day moving average is a common short-term trend indicator.
     • Requiring the price to be above the 20-day MA means you’re screening for stocks that are currently trending upward rather than drifting sideways or falling.
     • This aligns with looking for short‑term profit opportunities that follow current momentum instead of fighting the trend.

4. 1-Month Price Change ≥ +8%

   • Purpose: Find stocks with strong recent momentum.
   • Rationale: A positive price change of at least +8% over the last month indicates the stock has recently been in demand.
     • Momentum traders often look for names that are already moving rather than waiting for something “dead” to wake up.
     • For short-term trades, strong recent performance is a common way to filter for potential continuation moves (while understanding momentum can and does reverse).

5. Exchange Listing: XNYS (NYSE) and XNAS (Nasdaq)

   • Purpose: Limit results to major U.S. exchanges.
   • Rationale: NYSE and Nasdaq listings generally mean:
     • Better regulation and reporting standards versus OTC/pink sheet names.
     • More consistent liquidity and tighter spreads—important for short-term entries and exits.
     • Easy tradability through a mainstream broker like Charles Schwab.

6. Index Component: S&P 500 (GSPC) or Nasdaq 100 (NDX)

   • Purpose: Restrict to large, well‑followed, typically more stable companies.
   • Rationale: S&P 500 and Nasdaq 100 components tend to:
     • Have high institutional ownership and strong analyst coverage.
     • React more cleanly to broad market trends and macro news.
     • Be less prone to extreme manipulation than tiny speculative stocks.
       For a newer trader, this is a way to focus on higher-quality names with strong liquidity, while still finding momentum opportunities.

Why These Results Match Your Request

• Short-term profit focus:

  • The PriceAboveMA20 and 1‑month price change ≥ +8% filters target stocks already in short-term uptrends, consistent with a momentum-style approach to short-term trading.

• Based on current market trends:

  • Both the 20-day moving average and 1-month performance are recent, trend-sensitive measures, so the list reflects what is moving right now, not just long-term fundamentals.

• Practical for your account size and experience:

  • The 5–100 price range and ≥$1M monthly dollar volume, combined with focusing on major-index, major-exchange stocks, aim to give you:
    • Tradable names you can afford.
    • Enough liquidity to get in and out.
    • Generally higher-quality companies, which is safer than diving straight into the most speculative names.

If you’d like, the next step would be to take a few of the screened names and walk through how you might plan a specific short-term trade (entry, stop-loss, and target) using your $500 and risk tolerance.