Hi,
New to the forum.
New to trading.
I would like to start swing trading and have been watching videos (You tube),
reading articles, and posts from forums for help.
I am currently using Finviz and have several presets for my screens. These
presets are recommendations from other traders and You tube. I currently have presets for my screener for - Growth, Mid Growth, Short, Breakthru, and more... I have created a document with all my settings for the screener. As I continue to find new and useful presets or settings I add them to the document.
From what I have gathered, using a screener helps you identify stocks in accordance
with your "search criteria" and/or "settings" that you can
then further analyze to potentially trade.
This is usually done by running your screener (with settings specific to what you
are looking for) and then doing technical analysis on the stock (charting,
valuation, fundamentals, news, etc.)
Obviously, doing other research whether it be through reading forums, watching the news,
studying business and trends and more needs to be involved in this.
Questions -
1) What am I looking for after running the screener?
Currently, when I look at each stock individually, I am looking for trends in the way the stock moves, in addition to resistance etc.
2) How can I screen for stocks that have GAPS (stock that have tended to fluctuate
frequently)?
These are the stocks I can swing trade. I know there is a setting on the Finviz screener, but I have yet to use it in any of my presets.
3) How can I run the screener to show me how a stock performs each day during the
week?
To basically pull charting and open and close data for a specific day (so I can have all open and close and charting data for every day of the week to look for trends etc.)
This may not be a splendid example (stock wise) but "HOLO" today - was at 2.70 and its previous close was 3.23.
Which tells you that yesterday it was at 3.23 at market close.
Today, it opened at "x" during pre-market and traded during the day.
This example is more like day trading, but these stocks could be held longer than a
few days and sell for a profit even if it is a small one.
Today I submitted my first orders for "extended hours" (in the pre-market)
- they did NOT execute but if they did I would have gotten into some positions
at a very low cost, I could hold until it increases and sell it - even at the
end of the day (for a short profit).
As for now I do not know any other way to get an order to execute other than submitting after regular hours on Schwab (my brokerage). They do advise there is no guarantee it will execute. But if that is the case how do all "these people" get in during the pre-market??
First come first serve??
Not sure what the tax implications are or requirements are for day trading, but if I
was to buy (again, sorry for using this stock as an example) 1000 shares of
HOLO at 2.70 it would cost me $2700, if it closed at 3.23 (and I sold it) I
would end up with $3200 - a profit of $500.
Now, obviously not all stocks perform like this and there are many reasons why this stock performs the way it does.
4) Is there any way to see how a stock is trading PRE-MARKET using the screener?
The biggest thing I am looking for are GAPS in stocks from premarket to close of
day or just gaps in general that the screener can find.
Thanks for reading.
AI
