Lesson 5 – Tools to use for scanning
Lesson 8 Module 2
Ahoy There Trader,
There are several tools that can be used to scan for stocks on a daily basis and I only scan for stocks out of my universe of stocks so I know that the quality of stocks Im drawing from is good to start with.
1 - TradeStation.com
This is my charting tool of choice. You can use them as your brokerage as well should you choose to.
2 - StockCharts.com
This is an online tool that has some interesting built in scans. One of those to to pull out all of the gapping stocks for the day ahead.
It is possible to create a custom scan that will filter out the low volume stocks as described in the training.
3 - TheStockMarketWatch.com
This is (at the time of writing) a free site that will give you a list of gapping stocks for the day.
4 - MarketChameleon.com
This is (at the time of writing) another free site that will give you a list of gapping stocks for the day.
5 - FinViz.com
This website has a lot of free scans and paid scans. It has an easy to use screener that will give you a regular list of daily stocks and patterns
All of the tools mentioned should also be able to perform the same scan in the post market to give you a list of stocks for the following day.