How To Scan For The Best Swing Trades
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- Опубликовано: 8 сен 2024
- #swingscanner
In this video I'll be showing you guys how I like to customize my scanner when looking for swing trades in the stock market
My Stocktwits Handle: stocktwits.com...
My Twitter Handle: / bromus93
Stock trading contains substantial risk and traders can potentially lose their potential investment. Only risk capital that you are willing to lose. Everything that is discussed in the video such as chart pattern, candlestick pattern, price action, etc is for illustrative purposes and should not be considered as advisory recommendations but rather as illustrative purposes. All information present is making an educated guess based on previous history and should not be taken as facts.
Bromus, Thank you for this, I've been searching for this kind of video for so long. No other videos have explained the basics of TA in 6 minutes. This was really GREAT! I'm SUBSCRIBED and LIKED the video. Now I'm going to check out your other videos. Best wishes on your channel.
Glad to hear it man! I kind of forgot this video had some TA involved since the main point of the video was just creating a scanner to find potential swings and less of determining if that stock is actually a good candidate. In any case I will continue uploading more videos relating with TA content and some fundamentals to help increase the probability of making money
@@Bromus Thanks again. You ROCK!
Just found it myself, looks like a winner. Been using it a lot today and a couple of opportunities are looking very nice atm, appreciate the video Bromus. Any quick thoughts on buying below the SMA/on the dip and how that can work for/against you?
@@codeman3788 Recently I've learned that its ok to buy a stock below the sma if the stock is fundamentally well(i.e they have a good income/cash flow sheet). In that case I would just look for the next level of support like I did with DOMO in the past.
Apr 22 6.23 am gnmk up $400 and insg up $1200.00 vstm down $50. It looks like the Mkt is up today. All out at 0930 GNMK up $560 --INSG up $615. ---Vstm up $180. So in and out about 24hrs up $1355. About 5%up. Nice!
Appreciate the tutorial here. I am a beginner as most of ur subs are and I just want to learn what I can on this stuff. I am not trying to make quick money but I do want to make consistent gains. I see ur posts on the discord channel but I never take a position because I don't know what I am doing yet... so once I learn, I will definitely pay more attention to ur posts in there... thank u for showing us the way...
Alot of people like to follow in blindly so props to you for trying to understand how to analyze trade setups!
Thanks for showing a video that's of value real traders know the truth.
great video man! i learned a lot from this love seeing something broken down with so much detail
I use this for penny stocks and it works.
Didn't even know Finviz had a scanner. I would like to learn to use it to find potential swing trades (that's one of the reasons I found this really helpful). I also would like to find how to scan for stocks that trend up very high at pre-market hours, or overnight. I have a lot of practice ahead, lol. Thanks for the video man!
Thanks for this info man! Great vid, found ya on Discord
A lot of great info for beginners. Thank you.
Very well explained especially to a beginner like myself thank you
Keep on that Grind man! Really informative vid, from Billions/Gnome Trades btw, you’re really helpful over there!
Thank for the info. I'm been trying to figuring this out.
Awesome content Bromus! Very helpful and straight to the point. Keep it up! Looking forward to the next one!
Bromus....good video. Question...GENERALLY speaking....what criteria do you use to determine your stops?
I would typically look to see if a stock broke below a major support area. I typically like using the daily and weekly for observing support area with putting more importance on the weekly. If I'm playing a stock with strong fundamentals however I dont typically need to worry about getting stopped out and just typically keep adding on support areas
Great vid BromusCat! Thank you for sharing and keep up the great work!
I love your damn videos man , super helpful . Please never stop bro , ur a great teacher
Thanks for the information.
Thank you for the video and information! So is this for shorting stocks? Or are you identifying stocks that are about to go down in price to buy at their low?
Thank you for the video man, I just subscribe to you channel. Keep it simple like you just did 👍
I’m going over the results right now to analyze the charts 💪🏼💪🏼
How did u pick which stocks 'look good' from the finviz list? U didn't explain that part.
Thanks a lot
I scanned on the 20th took paper trades in 3 stocks. My trades are 1000shares each in at 9am on the 21th at close, INSG down 355.00. GNMK up 260. Vstm down 50. I will let it run for a few days .I am just about to stop out of INSG. About $ .15 more down an it will be gone. Would you let this run any farther the chart looks bad.. I will move my stop up on gnmk, what would set it at?.I will move my stop up on Vstm. We will see how it goes.
Hope things work out for you!
Thank you! I think I'm following to a point but then I get lost. So I set up the screener and got my list. Are you running this screener all day? Only pre-market? When you see one you "like" are you then creating an alert for a TP/SL? I guess I just would like to know how you proceed AFTER identifying potential movers. We are looking for stocks that have potential to go HIGHER with this correct? Not shorting?
Excellent, thank you.
Excellent Thank you!!!!
nice, thanks
Thank you
Awesome video man!
Thanks for the vid Bromus!
Thank you brither
Hey Bromus, in a recent post on Discord you mentioned that a certain ticker had some good fundamentals such as EPS. Could you maybe do a video on the main fundamentals you look for when looking through tickers and kinda what they mean? Thanks man
To be honest I am still learning fundamentals so I am in no way an expert in this area. However I don't mind making a video on some of the things I look for in fundamentals(i.e income/cash flow statement)
Great video, which program do you use to draw those trendlines?
On StockCharts I go to annotate which allows me to use their drawing tools
Very helpfull. Awesome!
I couldn't find a way to filter by ex-div date on finviz. Am I not seeing it?
sick video bro
thanks man glad to hear you enjoyed it!
Thanks!
Thank You!
Good content
Thank you!!!!!!!
For the Canadian traders, how do you manage to day trade with our banking fees? I currently pay 9.95 usd to buy in and buy out of a stock, over all $20 usd wasted per trade ontop of anything i make. If anyone dealt with this and has some pointers please let me know!
Thanks,
Is there a buy order type to ride the parabolic curve down and back up again and enter a position when the price starts to swing up? What order type would suit this without having to watch the price 24/7. I know a trail limit works in the opposite way for a sell, but is there an equivalent way with a buy?
I believe you need to use a stop limit order
Rising wedge it's reversal pattern man!
Legend!
goat
Great video dude! Do you still play with this strategy?
I do but I also made some modifications to help find safer stocks. Next video will probably be part 2 on how to scan for the best swing trades or something similar
@@Bromus Thanks . I am waiting for the video .
You should update this video
whens the next video
I'll try working on something this weekend. Next video will be about my favorite chart pattern that I like using and how others can trade with it
When you are swing trading do you use Level 2 Time and Sales data? Or do you find that it’s not as important.
Level 2 Times and Sales imo is more useful for daytrading. However I'll admit I was using the times and sales data on TOS for RVP just because I wanted to see whats going on for fun. I mean you could use it if you were deciding if you wanted to exit a position but 9 out of 10 times I don't even use
@@Bromus Thanks a lot for your quick reply! I found that it was more for day trading, so you could gauge buyers and sellers. Usually when day trading super low floats they can crash on the time when the buyers leave. Glad to hear that it isn’t that useful. I’ve never traded live data but that’s the one thing I am willing to spend on.
Hey man, why did you set the stock price to less than $20? Why do you not trade stocks above this price? I'm a new trader but from looking at some price charts I've found those stocks have the biggest swings, even in terms of percentage.
Excellent question! Back then I didn't like playing stocks that were too expensive but now my view on this has changed. I really need to make a part 2 for this video because I have changed some of my criteria for scanning for certain stocks
@@Bromus Thanks for the quick reply! Ok that's understandable, do you trade on a CFD platform? Also do you ever sell short?
@@msr00001 I trade on TD Ameritrade. I don't short stocks personally
Does this screener update every time a stock comes into the preset or do you have to kee refreshing?
With Finviz you would have to refresh I believe. If you want a screener to update constantly then you could use ThinkOrSwim which is free if you have a TD ameritrade account.
What if you want to buy on dips? Does this still apply?
Not only does this work on dips but thats what I typically go for
Who has used it? Who did it work for?
So what is the entry and sell level for this stock?
Are you referring to the stock that I charted out in the video? If so then at the time entry could of been a few cents above the HOD INSG with support at around the red area which I cant see the number(the video quality wasnt great and I didnt realize until later so I do apologize for that). However the stock has moved on since the video was posted so it might have a different setup now.
Thanks. What's your Discord?
I don't have a discord channel server
but you can follow me on stocktwits at stocktwits.com/Bromus or on twitter at twitter.com/Bromus93
At what time of day do you perform these scans
Usually towards the end of the day
Can you explain what happened to tsla today
it went up
@Avocado Vlogs
So on the daily it had an ascending triangle and on the weekly it broke out of a bull flag and was looking to test an area of resistance. Now the only reason I knew about TSLA was because someone else called it out on stocktwits. I just simply looked at the chart on my own and came to the conclusion that this should run if it ran over 600. I did not take an entry unfortunately but once it broke over 600 it started moving. Here is the chart that I saw before it ran: stocktwits.com/Bromus/message/205963497
thank you but you didn't explain how you actually choose the stock you wanted
Right so the purpose of the video was to just give u guys a list selection that have possible setups that you guys could play into. I do have some videos on setups that I do play into
First
Can you make one on webull screener for swing trading please?
I don't have a webull account sorry
That was to short. It needed to be a longer video. I think I already know how to do this stuff I just dont know the terminology or the numbers to place in the filters. I have a much larger challenge im trying to learn and do all of this with just my phone. If i am successful its will be a miracle. .
You can tell he’s reading off a script soooo if you can’t remember the info that’s not a good sign
Excellent. Thanks.
Thank You!!