Pristine Trading - Daily Lessons and Picks

[Pristine Trading]

Using Pristine ESP

Just a quick reminder: if you have not been receiving these "ESP Tip of the Week" newsletters you can view all of the back issues at the ESP resource page on our website.

Pristine ESP is a stock screener/scanner that is not only extremely simple to use and to set up, but also delivers very powerful scans. One of the most powerful and useful scan windows is the proprietary "Pristine Opportunity Scanner". This window provides scans for all of the Pristine Proprietary Strategies and can be set to search all timeframes as well as all stocks in the market.

Leaving all the parameters set as wide as possible will deliver a great number of scan results. ESP is relatively picky, but also does not want to exclude possible setups that a variety of traders could find interesting. Leaving everything turned "on" in ESP will deliver between 2 to 3 hits on every strategy every 5 minutes. This may not sound like a lot, but will add up by the end of the day.

Good trading involves looking for specific setups that you know and understand. This is true in developing your trading plan, and should also be true in using a scanner. While ESP can find "everything", it is better to set ESP up to find things that you actually want to find. The first thing to do is to set the "stock types" setting to only look for the types of securities you actually trade.

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