Okay guys, so we're going to do a little video lesson here on how to use stock scanners. So all the scanners that you see here are powered by trade Ideas so you have to have a subscription to Trade Ideas in order to run these scanners. Now the actual scanners. Each one has a unique formula and these are proprietary settings that we've developed over the course of our trading careers.

So this is all available to trading course students. And if your training course student and you go onto the website, you will see a link to download the stock scanner. So what you'll do is you'll take that link and you'll go to file. You'll do one of two things: If I emailed you the layout, then you'll go to load Layout and you can load it - right here.

You can load it either from the desktop or your downloads folder or wherever it is. If I sent you the cloud link, then you'll load from the cloud and you'll paste the link right here and click load. Alright and then your screen will populate something like this. They may all be stacked on top of each other, you may have to rearrange them, but it should look something like this and you will have all of these scanners all right.

So these are how I find stocks to trade every single day. We know that there are thousands and thousands of stocks in the market that we could trade on any given day, but there's usually only a handful of 5, 10, maybe 20 stocks that are actually good candidates for day trading. So when we talk about what is a good candidate for day trading, it's something we review in our day trade course: Proper stock selection, choosing the right stocks to trade, and inevitably, they're going to be stocks that have high relative volume. Alright, so we want to be trading the stocks that all the day traders are looking at.

Those are going to have the biggest ranges, they're going to have the most volume, and that means they're going to be easy to trade, and they're going to have large windows of potential profit. So as a day trader, we're looking for stocks that on an intraday basis could move anywhere 10% you know, to 20, 30, or 40% So what stocks today have the potential to make that kind of move right? It's not going to be very many. There's only going to be a few that have the potential to make 10 percent or 20 percent intraday moves. Ok, now these are the type of stocks that as an investor you may stay away from because you don't want to have all your eggs in one basket and then see 10 percent intraday moves.

That's too much volatility. But as a day trader, we look specifically for volatility and we need to learn how to capitalize on. All right. So I Start each day by looking at the Gap scanner.

This right here shows me the stocks gapping up all right. So what does a gap in stock look like? Let's take a look here to Thi: It's a stock that looks pre market like it's going to open higher than it closed yesterday. All right. So this stock was a $2.00 yesterday.

In the pre-market it's up at 286, so that's a big gap up all right now. What causes gaps are typically some press release or some type of fundamental news from the company. Sometimes it can be sector news, strength or weakness, an entire sector biotech, You know, retail, whatever. but generally speaking it'll be news that comes out of the company.

whether it's earnings, a biotech stock that has, you know, results from a clinical trial FDA approvals. You know government news. SEC Investigations EPA Investigations You know things like that can cause both positive and negative impacts on the stock. All right.

So here's T Thi So you can see this one was looking to open higher. So we knew pre market that this was a stock that had the potential to make a big move intraday. All right. So we added to our watch list.

t Thi on watch has news and then we'll start applying our momentum trading strategies to this stock. All right, this is a stock worth trading and we traded it. We made some good money on it, All right. So T.

Thi FP Rx, we'll look at that one. F PR X All right. so this is a little bit of a more expensive stock, but look at that gap from 16 dollars yesterday all the way up to $30 pre market. That's a huge move.

So we know this stock is going to be very active today. Traders are going to recognize that this stock will provide a lot of opportunities for profit. Now, whether any of the opportunities fit within the strategies that we prefer is, you know that's always the question. We'll only know once the market opens and we start seeing.

You know how it trades, but we know this is a stock in play so it has potential. Alright, so again, this one goes on the watchlist This down here. All right. So I go through the gap purse I look at first the biggest percentage gap and then I can double click and look at the ones that have the most volume pre market.

and this is actually a current scan 12:30 today. So this isn't pre market volume. You can look at stock to its relative activity. What's socially trending? You could look by float.

We know that low float stocks often have a lot more potential than the heavier float stocks. All right. So this is how I create my watch list every single day. It's the same routine now.

There will definitely be stocks on here which are false alerts. You know, stock gapping up with a hundred shares, or you know, a stock. For instance, that's a buyout. Buyouts typically trade flat because the price is now determined.

There's not really any speculation. If a stock has been bought out at $10 it's going to trade right around $10 I Mean it's pretty cut-and-dry there. There's a few exceptions, but for the most part, those are going to be not in play for for day trading. All right.

So the Gap scare. That's where we start. We also take a look at the pre market movers. These are the stocks that have had the most range pre market, all right.

Now this is a higher price list, so this is your watchlist for higher priced stocks. HCA Alright, $70 lots of range BOF I $115 Lots of range. This dropped yesterday from 133 dollars down to $99 Okay, so we know a stock like that will make really big moves. and if we want to get into a trade, all we really need to do is capture a small piece of that move in order to profit.

So the bigger the moves, the easier it will be to capture a small piece and walk away with profit. A stock. For instance, that's only going to move 25 cents in the whole day. It's going to be really hard for us to capture any profit because the moves are so small.

So that's why we wouldn't day trade a stock typically like Siri Look at this one. See, this doesn't move enough. There's not enough profit potential. Now, if you're looking at the daily chart and you're thinking about making an investment long-term then you might say, well, my risk is more limited because it doesn't make big moves, so that makes it a little safer.

But as a day trader, there's just nothing there for us. same as spring daily chart. Okay, maybe you take an investment on it long, longer-term position, but intraday it just doesn't move enough. This is only moved like 8 cents today.

All right. So the first thing every trader needs to do each morning is make their watch list. These will be the stocks gapping up stocks that have reported earnings. And you know I don't look each morning all the stocks that have been reporting news or earnings I don't look for the news I look first for the stocks that are moving and I look at the charts that I like and then I go see what the news is on cut stock.

not that seems to be the easiest way to do it and I can research some things right here t Thi for instance, I can find out information about the flow, the market cap, the percentage of short interest stuff like that, some basic info all right now. once the bell rings. All right I already have my watchlist and I know which stocks I'm looking at for a trade right out of the gate. so I'll have the level 2 up All right.

But then I switch over to watching the hide a Mo Mo scanner so we'll scroll this back to 9:30 Alright, so the bell rings. These are the stocks right now at this moment that are surging on high volume. Ok, so sometimes this will be a stock that wasn't even on our watch list, but typically it will be one of the ones that our watch lists because we were able to anticipate that this would be volatile out of the gates. Alright, this was the surge out of the gates from 226 up to 259 and then up to 264 272, a high of 275.

so we knew T. Thi would be in play. Now there are some traders that trade purely off via date scanners. They may not have been looking at this as a gapper, so they'll see it spiking up and they'll jump in on the first pullback.

And that's why the first pull back in the second pullback are almost always so strong. Because traders who missed the first easy entry see alright, the stock is running I'll jump in on the first pull back I Want to capture a piece of it so they buy the first pull back, it gets bought up and then we get that good secondary move. All right. So that's T.

Thi surging up searching up that's all 931. So this is again helping me find the stocks with volume right now. Then we've got F P R X Again, we knew this one was going to have volume and would be in play. So another one that was on our watch list but sometimes when will pop up MTW Maybe that wasn't on our watch list.

Okay now this one actually this one actually was on the watch list as a gap down for the move back up. Alright but in any case, look for one that wasn't on the watch list CFG n that was in play yesterday. Bo Fi that was in play. so krx that one I wasn't really watching.

Alright, so we see this one pop up at 9:43 and we take a quick look at the chart. Maybe it's in play? maybe it's not. you know I probably look at this and say well you know doesn't have a lot of volume not I really like it. the daily charts only so-so so maybe I pass on it or I just wait for more volume to come in.

keep watching the scanner tth I was in place we were trading that LF pops up at 110 actually 102 as soon as it breaks over the whole dollar. So LF from 102 up to 115, this scanner doesn't show us alerts below $1 although it probably would have been on here if we didn't have that filter. All right. So you see that popping up.

Nice move on that and this is. this is literally how I find trades. You know once the markets open I watch the skin or VTL we got some really nice trades on this one. This one is a good example of stock that wasn't on my radar today I wasn't even watching this.

It wasn't a gapper, you know there was nothing to watch there. Particularly, we did trade it a couple days ago. It has a really nice daily chart with this big gap filled potential from 5:13 up to 1557. All right.

so we have this one watch a couple days ago it starts to get into that gap again and we say all right, well let's go for it, let's take a stab and we get that nice move here. from 6:00 all the way up to 7 750 and just up just below $1 I Wouldn't have seen this if I had been watching the scanner. Ok so I also like to keep an eye on the searching up scanner. This tells me which stocks in the entire market right now have the most volume as day traders were hunters of volume and volatility.

we're looking for stocks that have a lot of people interested in them right now. so these stocks right now are in play at this very moment. So whether you turn on your computer at 12:30 or 2:30 in the afternoon, this will show you which stocks have volume at this moment and then you can start with them for setups. This right here is our relative volume leader Scam T Thi is leading it, which is understandable.

I Actually know that T. Thi has the most volume there. We double-click here. Ya T Thi is leaving the relative Volume scanner.

You know the problem with this though at this point is that it's kind of out of play t Thi so it still has really high relative volume, but we wouldn't. We wouldn't actually probably be trading this at this point unless we were short from up here just holding so and it will give some false alerts or show you some things that you may not be interested in. but these give you ideas and ideas are important. Okay, so in addition to those scans there and the last one we have here is the Gap Finder.

This scan only runs from 3:30 to 4:00 p.m.. It's going to look for stocks that have been strong all day long that have a good daily chart setup and they're closing your high o day. These are potential gap candidates for a gap up into the next day. All right, So we might find a good gap or here and then tomorrow morning.

Ideally see it right on here and we're already in. Alright, so in addition to the Hiya day scanner, we've got this low float scanner and low volume scanner. This will sometimes pick up some good alerts that do have very light volume so it's not always something that we would jump on immediately, but we would watch it and see if volume comes in. So eyes for instance, at 9:40 Now at that point, it really only had about a hundred thousand shares of volume.

so it was very thinly traded. But it was worth keeping on watch because we got that alerted like 7:20 and look at it now - 758. Alright, so it's definitely the right type of stock to watch, especially when we combined a little bit of analysis. It's got a great daily chart and we know this is a former runner.

It's a stock that has made some big moves in the past. All right. So I trade two different strategies for the most part. one is momentum trading.

Alright, so trading momentum either to the long side of the short side trend based trading and the second strategy is reversal trading. Okay, so looking for stocks that are irrationally strong or irrationally weak and looking to catch the bounce. Okay, so we did that yesterday on was a ZF GN Okay, so we bought and bounced this and I mean this was obviously a huge reversal from 1090 all the way up to $20 We almost doubled off the low. so that was massive.

That was related to news, but that was on this reversal scanner. A stock that's selling off really hard. Ok, now sometimes they're selling off because of news and other times they're selling off just because the markets weak and the stock is among the weaker in the market. But we know stocks will only go down for so long before they reverse.

It doesn't mean we start buying stocks that are just weak. We still need to wait for some indication reversal. Alright, so we look for that bottoming tail and buy the first candle to make a new high. Alright, so in this case the entry would have been let's see: entry would have been right here for the first cable to make a new high and you'd be holding this until right here when you had a first candle to make a new low.

Your entry here for Scandal to make a new high and your exit would be here. First candle to make a new love. Okay, it's very simple strategy. You just need to have good setups and there's no way you would find these setups without using stock scanners.

So these are scanning the entire market looking for stocks that meet the criteria that we've told it to look for. So in this case, we're looking for consecutive down candles with a minimum RSI minimum amount of volume, a certain type of flow, certain position in the daily range. All of those things help us filter out the junk, the noise, and there will still be some junk. There'll be some alerts on here that you look at it and you say no, this is no good, It's not for me and that's fine, right? But you're getting ideas and some of them will be really good alerts.

All right. So it's really important that you have the right tools when you're trading. If you don't have the right tools, it's going to be almost impossible. Profit: So the right tools include stock scanners, a good broker, good charting platform, and of course, the education, right? The Skills: We've had a lot of traders that ask the question, how much money do I need to start trading We have a student this year who with a $5,000 account is up seventy eight thousand dollars.

so he's proving that it's not about how much money you have, it's about the skills that you have. Okay, we've also talked to students with $100,000 accounts that lose money every single day. So if you don't have a lot of money to start, that's not really a problem. First and foremost is the skill.

All right, So hopefully this is helpful. If anyone does have questions on how to use these scanners, you're welcome to email me Ross at Warrior Trading com.