Video Lesson- Scanning and Screening for Stocks to prepare a Watch List

Discussion in 'Educational Resources' started by Trader_999, Dec 14, 2012.

  1. In this video lesson, I show you how to use various tools to scan for stocks that meet your trading criteria and screen them out to help you prepare your watch list for the next trading day.

    Here is a check list I use as a scanning process:-

    1) Scan for stocks that meet my criteria
    2) Screen for the best patterns by going through all the charts and narrow down the scan results to 25 stocks
    3) Prepare a watch list of stocks with those 25 narrowed down stocks
    4) Go over those 25 stocks again manually by looking at the charts and finding the best patterns
    5) Look for actionable areas. Select buy area, Stop loss and target, Vice Vera for short set-ups
    6) Prepare Watch List of 20 stocks with Buy, Stop, Sell, Targets
    7) Print them out or write them on a piece of paper and keep them at your desk or stick them on your monitor
    8) Now on the Live Trading Day , Look for the set-ups in the stocks you have selected and Trade your plan.

    Hope this video lesson helps, Email me or post in the comments sections if you have any questions or comments

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