What are the best day trades for tommarow

Important Note on “Best Day Trades”

It’s not possible to know with certainty which stocks will be the “best” day trades tomorrow—no filter or model can guarantee gains in a single day. What these filters do is tilt the search toward stocks that historically behave in a way that’s attractive for day trading (good liquidity, volatility, and a model-estimated edge), but they still carry risk.

Screening Filters

1. Price: min 10, max 80

   • Purpose: Focus on mid-priced stocks that are liquid enough and typically have tight bid-ask spreads, while excluding ultra-low-priced “penny stocks” and very high-priced names that can be more capital-intensive per share.
   • Rationale:
     • Below $10, spreads often widen and price action can be erratic, which increases transaction costs and slippage for day traders.
     • Above $80, position sizing and intraday volatility (in dollar terms) may require larger capital and can be less practical for smaller accounts.
     • The $10–$80 range balances accessibility, liquidity, and tradability for intraday setups.

2. Monthly Average Dollar Volume: min 3,000,000

   • Purpose: Ensure the stocks are sufficiently liquid, with at least $3M traded per day on average across the month.
   • Rationale:
     • Day traders need to enter and exit positions quickly without moving the market too much.
     • Higher dollar volume usually means tighter spreads, more continuous trading, and better order execution.
     • This filter tries to avoid illiquid names where getting in or out at a reasonable price is difficult.

3. Beta: HighRisk

   • Purpose: Select higher-volatility stocks that are more likely to move enough intraday to make day trading worthwhile.
   • Rationale:
     • For day trading, you generally want price movement; low-volatility stocks often don’t move enough during the day to justify taking the risk and paying commissions/spreads.
     • A “HighRisk” beta category usually corresponds to stocks more sensitive to market moves and with larger price swings, giving traders more opportunity—at the cost of higher risk.

4. Exchange: ['XNYS', 'XNAS', 'XASE'] (NYSE, NASDAQ, NYSE American)

   • Purpose: Restrict results to major US exchanges.
   • Rationale:
     • Major exchanges typically offer better liquidity, more reliable price data, stricter listing standards, and more professional market-making—important for intraday execution.
     • This avoids OTC and less-regulated venues that might have poor liquidity and higher manipulation risk, which is especially relevant for short-term trading.

5. Region: United States

   • Purpose: Limit the universe to US-listed companies, matching your request for US stock market day trades.
   • Rationale:
     • Trading hours, regulations, and liquidity patterns differ by region.
     • Focusing on US stocks keeps the list aligned with US market hours and common day-trading platforms and tools used in that market.

6. One-Day Rise Probability: min 60

   • Purpose: Use a predictive model to filter for stocks with at least a 60% estimated probability of closing higher the next day.
   • Rationale:
     • This doesn’t guarantee gains, but it screens for names where historical patterns or quantitative signals currently suggest a statistical edge to the upside on a one-day horizon.
     • For day traders biased to the long side (buy low, sell higher intraday), this focuses attention on candidates where the model expects a favorable skew.

7. One-Day Predicted Return: min 2, max 10 (percent)

   • Purpose: Target stocks where the model expects a reasonably sized move (2–10% up) over the next day.
   • Rationale:
     • A predicted move below ~2% may not be sufficient after factoring in spreads, slippage, and risk; day traders want “room to run.”
     • Capping at ~10% avoids extremely speculative names where the model suggests huge moves but with potentially very high risk and lower reliability.
     • This range is chosen to balance opportunity (enough volatility) with some level of model stability.

Why the Results Match Your Request

• US-focused: The region and exchange filters ensure you only see US-listed stocks on major exchanges, matching your request to trade the US stock market.
• Day-trading-suitable: The price and dollar-volume filters emphasize liquid, mid-priced stocks where intraday entry/exit is more feasible and less costly.
• Volatility for intraday moves: The high beta and predicted return filters favor names that are likely to move enough in a single day to be interesting to day traders.
• Statistical edge (but not guarantees): The one-day rise probability and predicted return filters apply a quantitative model to identify stocks that may have a higher probability and magnitude of an upside move tomorrow, aligning with your goal of finding attractive day-trading candidates for the next session.

You can still adjust these filters depending on your own style—for example, raising the minimum dollar volume if you trade large sizes or widening the price range if your capital and risk tolerance differ.