What stocks are good to day trade today

Screening Filters

1. Relative Volume (relative_vol: min 1.5):

   • Purpose: To identify stocks with significantly higher trading activity compared to their average volume.
   • Rationale: Day traders rely on stocks with high liquidity and volatility. A relative volume of 1.5 or higher indicates that the stock is experiencing increased interest and activity, which often leads to more price movement opportunities within the day.

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

   • Purpose: To ensure the selected stocks have sufficient dollar volume traded on a weekly basis.
   • Rationale: High turnover ensures that the stock is liquid, reducing the risk of slippage and allowing traders to enter and exit positions quickly. This is critical for day trading, where timing and execution are key.

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

   • Purpose: To filter for stocks that have experienced at least a 2% price movement.
   • Rationale: Day traders look for stocks with significant price swings to capitalize on intraday price movements. A minimum price change of 2% ensures that the stock has enough volatility to present trading opportunities.

4. Beta (HighRisk):

   • Purpose: To focus on stocks with high beta, which are more volatile compared to the overall market.
   • Rationale: High-beta stocks tend to have larger price fluctuations, making them more suitable for day trading strategies that depend on capturing short-term price movements.

Why Results Match:

• The filters collectively focus on identifying stocks with high liquidity, significant price movement, and increased trading activity, all of which are essential characteristics for day trading.
• By targeting high-beta stocks with strong relative volume and turnover, the screener ensures that the selected stocks are both volatile and actively traded, providing ample opportunities for intraday trades.
• The inclusion of a minimum price change percentage ensures that the stocks have already demonstrated movement, increasing the likelihood of continued volatility during the trading day.