What do you scan for?

[smallfil]

You use screeners to focus on the strongest stocks in the strongest sectors. If you go to Finviz.com, at a glance of the groups, you see which groups are the strongest. Then, after you go to the groups, you can display the stockcharts. If there is a huge number, you can tighten the screener to limit the number. Say you have 350 companies being displayed by Finviz.com, set tighter limits. I would add 52 Week High as one criteria to take the strongest trending stocks, add optionable (since, I trade options), $10 and up or $20 up to cut down the number further, 1 million shares as volume. I just gave you the screen I use on Finviz.com
Make sure you are logged into Finviz.com so that, you can save the screener. Since, the strongest group changes, you can just change the strongest group in your screener but, if you pull it up everyday, it should display some stocks to check out further. You can now create a watchlist of stocks to further analyze and pick from, some stocks to trade in the stockmarket.

 

[smallfil]

This is a trend following system and nothing fancy, with trailing stops to protect your positions. You will still have losses, you will still have drawdowns but, since, you are trading with the major trend of the stockmarket. You will make monies. All you are doing is putting the odds in your favor like the casino.

 

[smallfil]

This is a trend following system and nothing fancy, with trailing stops to protect your positions. You will still have losses, you will still have drawdowns but, since, you are trading with the major trend of the stockmarket. You will make monies. All you are doing is putting the odds in your favor like the casino.

Richard Dennis of the Turtle traders fame, Jesse Livermore, Nicolas Darvas, the biggest and most successful hedge funds (see Michael Covel Trend Following book) with their yearly results, all employ Trend Following to trade the stock markets. You are in excellent company. We are not trying to reinvent the wheel but, merely, following the successful traders before us.

 

[KGTrader4]

Richard Dennis of the Turtle traders fame, Jesse Livermore, Nicolas Darvas, the biggest and most successful hedge funds (see Michael Covel Trend Following book) with their yearly results, all employ Trend Following to trade the stock markets. You are in excellent company. We are not trying to reinvent the wheel but, merely, following the successful traders before us.

I think it was you smallfil, that showed me a way to screen for leading sectors/industries on FINVIZ. It was very useful, and I should have saved it as a preset. Now I can’t replicate it.

every screen I’m doing is showing lists of individual stocks, not sectors. Can you help?

 

[smallfil]

First, go to Groups and click on the tab for Bar Charts. It will display the different sectors in Bar Chart form. Next, look for the strongest sector, in this case, no matter the time period, it is Energy. Click on the Energy tab and it would display the stockcharts of the stocks in the Energy Sector. Now, click on the tabs, Technical (52 Week High/Low, Pick New High on the tab) next click on the Descriptive Tab (Option/Short, I pick Optionable since, I trade options), Price Tab Choose over $10 or Over $20, whichever you prefer. Go To Current Volume tab and pick 1 million. Make sure you are logged in, so that, you are able to save the screener and name it. Choose a name for the Screener. Save it. Go to Screener Tab, My Presets, Save Screen. And you are done. When the strongest sector changes, you can just change it from Energy to the new strongest sector. Your stock screener should continue to work but, you got different stocks now, being displayed.

 

[Global OptionsTrades]

You're taking a scattergun approach when you should be like a sniper @KGTrader4

You need to concentrate on one market until you have an edge; a statistically-proven confirmation that you can see something that others cannot - or see it before others do - and can profit from it consistently.

Then widen your outlook to other securities, scanning once you understand what you're trying to find.

 

[KGTrader4]

First, go to Groups and click on the tab for Bar Charts. It will display the different sectors in Bar Chart form. Next, look for the strongest sector, in this case, no matter the time period, it is Energy. Click on the Energy tab and it would display the stockcharts of the stocks in the Energy Sector. Now, click on the tabs, Technical (52 Week High/Low, Pick New High on the tab) next click on the Descriptive Tab (Option/Short, I pick Optionable since, I trade options), Price Tab Choose over $10 or Over $20, whichever you prefer. Go To Current Volume tab and pick 1 million. Make sure you are logged in, so that, you are able to save the screener and name it. Choose a name for the Screener. Save it. Go to Screener Tab, My Presets, Save Screen. And you are done. When the strongest sector changes, you can just change it from Energy to the new strongest sector. Your stock screener should continue to work but, you got different stocks now, being displayed.

Thanks much

 

[KGTrader4]

You're taking a scattergun approach when you should be like a sniper @KGTrader4

You need to concentrate on one market until you have an edge; a statistically-proven confirmation that you can see something that others cannot - or see it before others do - and can profit from it consistently.

Then widen your outlook to other securities, scanning once you understand what you're trying to find.

Yeah I get that. I’m not trading yet, just trying to get set up, I will probably start out by just focusing on the 11 spider sector ETFs. I look at charts every day to learn.

 

[KGTrader4]

First, go to Groups and click on the tab for Bar Charts. It will display the different sectors in Bar Chart form. Next, look for the strongest sector, in this case, no matter the time period, it is Energy. Click on the Energy tab and it would display the stockcharts of the stocks in the Energy Sector. Now, click on the tabs, Technical (52 Week High/Low, Pick New High on the tab) next click on the Descriptive Tab (Option/Short, I pick Optionable since, I trade options), Price Tab Choose over $10 or Over $20, whichever you prefer. Go To Current Volume tab and pick 1 million. Make sure you are logged in, so that, you are able to save the screener and name it. Choose a name for the Screener. Save it. Go to Screener Tab, My Presets, Save Screen. And you are done. When the strongest sector changes, you can just change it from Energy to the new strongest sector. Your stock screener should continue to work but, you got different stocks now, being displayed.

That’s what I was missing, I didn’t click on groups. Thanks

 

[smallfil]

That’s what I was missing, I didn’t click on groups. Thanks

You are welcome.