How about a good online stock screener recommendation?

Discussion in 'Trading Software' started by easymon1, Aug 31, 2019.

  1. easymon1

    easymon1

    so it works.jpg

    The Last stocks I traded were Lycos and Amazon in the late 90's when I had to squeeze trades in before going to work and hold them for a week or even a month with Lycos one time.

    Nowdays, I'm looking for a basket of about 20 stocks to watch and pick from for day trading on 5 minute charts.
    Something in the $15 to 30 dollar price range.
    Want to be flat at the end of the day and start anew the next morning.
    Any suggestions?

    How about a good online stock screener recommendation?

    If it feels good, down the road will look at blood simple options trades, say, take entry and exit signals off the chart but instead of buying the stock, buy puts and calls at around the 50% Delta, see if I can get the beak wet. Want to

    move consistently toward defined risk option trading over the next few years. Defined as in - you pays your money and you takes your ride, knowing exactly what the Max Possible Pain is, no ifs ands or buts, and going from there.

    That's the plan. Smooth as silk. lol As long as those icy trails, ravines, widow-makers, mountains, lakes, cliffs, crevasses, avalanches, and whatnot grace me by their absence. lol

    Watch for earnings dates. I remember that one. What else I wonder.


    Search Term: selecting stocks to day trade 5 minute charts

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    https://www.5paisa.com/articles/rules-for-selecting-stock-for-intraday-trading
    Rules for Selecting Stock for Intraday Trading

    https://www.investopedia.com/day-trading/pick-stocks-intraday-trading/
    Rules for Picking Stocks When Intraday Trading


    How to Pick Easy & Best Stocks for Intraday Trading


    How to Pick Stocks for IntraDay Trading - bse2nse.com

    https://www.quora.com/How-do-I-choose-stocks-for-intraday-trading
    How do I choose stocks for intraday trading?



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    Search Term: good online stock screener scanner recommendation

    Best Stock Screeners and Stock Scanners of 2019 | daytradingz.com
    https://daytradingz.com/stock-screener/


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    550 Data Point Comparison, 10 Stock Screener / Scanners Apps, Make This The ... The Winners – Best Stock Screeners / Best Stock Scanners – Detailed Reviews .... big boys on online stock screeners did not fare well in this in-depth

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    Free Day Trading Stock Screeners - The Balance
    https://www.thebalance.com/best-free-stock-screeners-to-find-stocks-for-day-trading-1031379


    Check this list of free stock screeners to help you find the best day trading ... Basics · Best Savings Account Rates · Getting a Loan · Online Banking · View All ... Running the scanner will cost you a couple hundred credits (approximately),

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    Best Stock Scanners and Screeners - Our Top Picks For 2019
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    May 13, 2018 ... Top 6 Best Stock Scanners & Screeners Reviewed in 2019 ... EquityFeed is another highly recommended stock scanning tool for the day, swing ...
    Here Are the 3 Best Free Stock Screeners | The Motley Fool
    https://www.fool.com/investing/2018/04/26/here-are-the-3-best-free-stock-screeners.aspx


    Apr 26, 2018 ... Stock screeners are critical for investors looking for top stocks. Here are some you don't have to pay for.
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    https://www.toptenreviews.com/best-free-stock-screeners


    Sep 27, 2016 ... Use stock screeners to help you narrow the field and select the best investment opportunities for your portfolio.
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    https://www.timothysykes.com/blog/stock-screener/


    Jul 27, 2019 ... This guide covers how to take advantage of a stock screener, key features you need to look ... The computers there had the fastest internet connection around. .... and volatility are standard scans, not all stock screeners

    are good for penny stocks! ..... I do have the 6 apps recommended from the challenge.
    Best Stock Market Scanners - The Ultimate Guide for Traders
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    May 24, 2019 ... Looking for the best stock market scanner? Look no further! We reviewed all major platforms to put together this comprehensive guide and recommendations. ... A stock market scanner (sometimes referred to as a

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    Feb 19, 2019 ... Stock screeners were developed when the internet was in its infancy. ... So much so, it's tough to definitively say which scanner is the best.
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    The Best Free Stock Scanners - Stock Trading Warrior
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    Search Term" buy puts and calls at around 50% Delta

    Options Trading Strategies: Understanding Position Delta
    https://www.investopedia.com/articles/optioninvestor/03/021403.asp


    Feb 22, 2019 ... Learn more about the position delta hedge ratio and how it can tell you the ... For example, if you buy a call or a put option that is just out of the money (i.e. the ... a 0.5 (or 50%) change (worth $125) in the price of the

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    What is Delta? - Investopedia
    https://www.investopedia.com/terms/d/delta.asp


    Jul 16, 2019 ... For example, the delta for a call option always ranges from 0 to 1 ... a delta neutral position by simultaneously buying and selling options in ...
    The Options Industry Council (OIC) - Delta
    https://www.optionseducation.org/advancedconcepts/delta


    For an option with a Delta of .50, an investor can expect about a $.50 move in that ... to see this same 20 strike call option decrease in value to around $1.50.
    Protective Put Option Strategy - Fidelity
    https://www.fidelity.com/learning-c...options/options-strategy-guide/protective-put


    A protective put position is created by buying (or owning) stock and buying put ... The delta of a long at-the-money put is typically about -50%, so a $1 stock price ... buying protective puts and selling covered calls on a share-for-share

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    Position Delta | Calculating Position Delta - The Options Playbook
    https://www.optionsplaybook.com/managing-positions/position-delta/


    Calculating position delta will help understand how your option positions ... Owning a single call contract with a delta of .50 is similar to owning 50 shares. ... If the underlying stock goes down $1, the position will decrease roughly $750.

    ... To adjust your risk, you could dump part of your position, buy calls, or buy the stock.



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    The 5-Minute Trading Strategy - Investopedia
    https://www.investopedia.com/articles/forex/08/five-minute-momo.asp


    The Five-Minute Momo Trade looks for a momentum or "momo" burst on very short-term (five-minute) charts. First, traders lay on two indicators, the first of which ...
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    https://www.investopedia.com/articles/trading/06/daytradingretail.asp


    Aug 22, 2019 ... This day trading tutorial covers general principles and common day trading ... 5. Avoid Penny Stocks. You're probably looking for deals and low ... A seasoned player may be able to recognize patterns and pick

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    What Time Frames to Watch While Day Trading Stocks - The Balance
    https://www.thebalance.com/what-time-frames-to-watch-while-day-trading-stocks-1031081


    Wondering which time frames to watch while day trading stocks is very common for new traders. Do you use tick charts, and a five-minute chart for context, or is ...
    How to Day Trade Stocks In Two Hours or ... - Vantage Point Trading
    https://vantagepointtrading.com/how-to-day-trade-stocks-in-2-hours-or-less/


    Sep 7, 2017 ... See the strategies to use and how to pick stocks for day trading. ... Before you start planning your retirement, look at a bunch of different price charts. ..... which could take 5 seconds or 20 minutes, depending on how

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    How to Trade with 5 Minute Charts - Learn the Setups - Tradingsim
    https://tradingsim.com/blog/5-minute-bar/


    Day traders are commonly trading 5-minute charts to identify short-term trends ... Within the Tradingsim platform, you can select the 5-minute interval directly above ... In the morning stocks will trend hard for the first 20-30 minutes into

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    First Hour of Trading - How to Trade Like a Seasoned Pro - Tradingsim
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    ... talking with other day traders the 5-minute chart is by far the most ... as stocks gap up or down from the previous day's close.
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    Learn the momentum day trading strategies that we use everyday to profit from the ... Day Trading is the simple act of buying stocks with the intention of selling them for a .... After 11:30am I prefer to only trade off the 5-min chart. ....

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    How To Pick Stocks For Swing Trading In Just 5 Minutes - YouTube



    Jun 11, 2018 ... The topic of today's video is "How To Pick Stocks For Swing Trading In Just 5 Minutes Per Day". Out of intraday and positional trading, I prefer ...
     
    ArthurWang and Nobert like this.
  2. Just a suggestion but http://www.market-topology.com/ is a searchable database. You can very easily compare correlations of stocks and ETFs to build combos and pairs ideas. You could also look into building baskets or spreading baskets against ETFs to do similar types of trades.
     
    easymon1 likes this.
  3. drm7

    drm7

    I have heard others say good things about tradeideas. (I am not a daytrader, so I can't judge).

    www.trade-ideas.com
     
    easymon1 likes this.
  4. Robert Morse

    Robert Morse Sponsor

    easymon1 likes this.
  5. easymon1

    easymon1

    Thanks mr robert_morse for heads up on https://marketchameleon.com/Screeners/Stocks

    Maybe in due time. Breezing through this review tells me this site is more Porsche. I need more Camry, lol.
    experienced options trader: Nope, not options, yet.
    uncovering hidden trading opportunities: currently, I''ll be right on the chart monitoring for signals of the day's selected possibilities out of a slowly rotating basket of ~20 stocks. Man plans, Market Laughs. We'll see.

    Thanks again !

    https://daytradereview.com/market-chameleon-review/

    What Type of Trader is Market Chameleon Best For?

    Market Chameleon is best suited for experienced options traders looking for income generation strategies and uncovering hidden trading opportunities.

    Stock traders are limited in functionality and the browser-based navigation in this era is outdated and clunky. Newbies have a learning curve not only on the platform but the mechanics behind the strategies.
    Pros

    Deep options data and strategy scans
    Earnings options strategy tools are unique and very productive
    Easy watch list creation, alerts and tracking functionality
    Options chain back-testing and data driven strategy ideas
    Free options screens and daily ideas is a good way to kick the tires
    Pre and Post-market gapper dumpers screener essential (free) tool to start the morning research

    Cons

    Gawdy marketing promotions and unevenly priced services reminiscent of the early 2000s
    Outdated website and clunky browser-based navigation
     
  6. easymon1

    easymon1

    Thanks for your response, mr drm7, - https://www.trade-ideas.com/

    What Type of Trader Is Trade-Ideas Best For

    "The learning curve can be extensive for newbies" - I'm juggling at a comfortable rate, this ain't what I'm into under this moon, maybe next year, cool concept.

    https://toptradereviews.com/trade-ideas-review/

    Active intra-day, swing and seasoned momentum traders are best suited for this platform. It provides so many opportunities throughout the day, but requires quick reaction times and prudence. Timeliness is an issue as traders quickly validate alerts and act. Newbies will have a learning curve to overcome, but well worth it.
    Pros:

    TI University content, education and live seminars simplifies the platform.
    Extremely powerful scanner with numerous built-in scans
    AI-powered Holly provides easy to follow trades with updated portfolio tracking
    Customizable strategy scans can be optimized with Oddsmaker tool
    Highly experienced moderators and experts help
    Strategies can be shared on the cloud with community and moderators

    Cons:

    The learning curve can be extensive for newbies
    Premium subscription is expensive
     
    Last edited: Aug 31, 2019
  7. easymon1

    easymon1

    Thank You mr real money!

    From toptradereviews: "Active intra-day, swing and seasoned momentum traders are best suited for this platform. It provides so many opportunities throughout the day, but requires quick reaction times and prudence. Timeliness is an issue as traders quickly validate alerts and act. Newbies will have a learning curve to overcome, but well worth it."

    I would enjoy this too much to Ever get any trading done!

    Wowser, Love It. Who is using this at ET?

    HAL 9000.jpg


    What Type of Trader Is Trade-Ideas Best For - https://www.trade-ideas.com/

    The learning curve can be extensive for newbies - " gotta keep it simple squared."

    et market-topology.jpg

    https://toptradereviews.com/trade-ideas-review/

    http://www.market-topology.com/statictree/AAPL?layers=4

    https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2634955/
    Topological structures in the equities market network

    Active intra-day, swing and seasoned momentum traders are best suited for this platform. It provides so many opportunities throughout the day, but requires quick reaction times and prudence. Timeliness is an issue as traders quickly validate alerts and act. Newbies will have a learning curve to overcome, but well worth it.
    Pros:

    TI University content, education and live seminars simplifies the platform.
    Extremely powerful scanner with numerous built-in scans
    AI-powered Holly provides easy to follow trades with updated portfolio tracking
    Customizable strategy scans can be optimized with Oddsmaker tool
    Highly experienced moderators and experts help
    Strategies can be shared on the cloud with community and moderators

    Cons:

    The learning curve can be extensive for newbies
    Premium subscription is expensive
     
    Last edited: Aug 31, 2019
    vanzandt likes this.
  8. Yea the site is impressive. It's really cool that it has average daily volatility.

    My only problem is that it takes a lot of margin to play with all of the opportunities. Regulation T requires like 50% cash against short stock positions and 25% cash against longs intraday. Just one good long/short trade is gonna eat some serious margin from your account.

    Tough game unless you have big money to play with.

    Good trading to you.
     
  9. themickey

    themickey

  10. smartkid

    smartkid

    #10     Aug 31, 2019