What do you scan for?

K

KGTrader4

And what do you use to scan?
NOOB QUESTIONS, I I KNOW, DONT BEAT THE SHIT OUT IF ME.

something I’m struggling with.
Should I have a “universe of 500 stocks that I use as a place to find ideas? What should I be screening for to find good ideas? What platform should I use to scan/screen for ideas.
I see comments here and on FinTwit like”doing my nightly scan”.
I know some use FINVIZ. I don’t know how to use it properly, other than scanning for the right sectors.

help?
 
KGTrader4 said:
Well, I guess I’m not doing to well here at ET.
More...

You're doing a lot better than many new posters. You have not attracted the ire of dest, and you drew me into posting a funny. 2 for 2. Just keep at it...Sometimes the thoughtful responses come much later after initial post.

Because sometimes the folks with the thoughtful responses take time to type a thoughtful response.

And this forum generates a TON of new briefs to go through on a daily basis, if you have not noticed. People have to sift through them all.
 
Overnight said:
You're doing a lot better than many new posters. You have not attracted the ire of dest, and you drew me into posting a funny. 2 for 2. Just keep at it...Sometimes the thoughtful responses come much later after initial post.

Because sometimes the folks with the thoughtful responses take time to type a thoughtful response.
More...
Lol. Thanks. I think.
I’m actually a moderator on another forum…fir financial advisors. We don’t moderate very much there. So I get it. ;-)
 
KGTrader4 said:
Lol. Thanks. I think.
I’m actually a moderator on another forum…fir financial advisors. We don’t moderate very much there. So I get it. ;-)
More...

I can guarantee you that the moment @Magna reads what you just typed, he will go from angry red camera ball of HAL to green Hulk skin color, for his envy of that.
 
KG,

I used to use TC2000 and a simple script that looked for:
SP500 universe
Price above 6.00 and below 100
Daily Volume greater than 1.3 daily average.
Price rise greater than a percent of total price.

It would give me about 10-20 stocks a day.
Then I would scan them manually and pick the best
Create a basket and did a $ average distribution across them.
Entered the next AM

Did well in bull and sideways markets. About 1-20 would result in a breakout from a merger or news. Had about 50% win rate. Stop loss was set at support or time limit.

Hope that helps.
 
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