All right everyone! So we've had some questions about how to use stock scanners. Now all the scanners that I have which you can see here on the left side of the screen and the Gap scanner here in the center. These are all powered by trade ideas, so you need an active subscription with trade ideas in order to use the software and to use these scanners. Now I've written the code for these scanners so when you're in trade ideas here, you can go and click new alert window and then you can go and take one of their pre-built alerts or you can write your own or you can simply install one of the ones that we've already developed and the way we do this is we save the layout and then you'll go into file load layout and you'll load the layout right here just like that or you go to your desktop wherever, wherever it is you'll just load the layout.

So we give you the layout and it'll include all of these scanners right here. Alright, so let's walk through the scanners and how I use them. So each morning starts with a review of the Gap or the stocks gapping up All right. A big part of my trading strategy is trading momentum and that includes trading the Gaffer's right out of the gates in the first 3 to 5 minutes of the market open so market opens at 9:30 I'm often taking trades in the first 5 minutes and booking profits usually four hundred to six Seven hundred dollars in that first 5-minute window.

That gives me a cushion that I can trade off of for the rest of the day. but you have to be able to scan and create a watchlist before the bell even rings. So these scanners start running pre market. So if I come here and turn on my computer at 8:45 or 9:00 A.m.

this scanner will already be telling me the stocks gapping up in green or gapping down in red of course I look for the stocks gapping up. Being a long biased trader and as you know, I just look at each of the stocks on here I review the price in this column. the float the percentage of the float that's short, the percentage of the gap up, the amount of pre market volume, how many days we are from the earnings date. So anything within one day is basically a stock gapping on earnings.

The 5 minute volume spike the relative stock Twits mentions. so this tells us if they're socially trending, this will tell us the relative volume, but it doesn't start populating until the markets open. and this is the company name. So as you know, I look at all of these stocks and I just start going through an East signal.

This is my charting platform I Just start looking at the gap and then KD I'll take a peek see what the chart looks like I'm looking for that nice bull flag that nice flat top breakout set up I Want to see stocks that already have a lot of price action pre market. That's going to give me confidence to potentially take a trade. Alright, because you can already gauge well. we've got some resistance up here at 7.50 and we know half dollars are often levels of resistance, so that's interesting over 750.

Alright, now if a stock like let's say LP th doesn't have much of any pre market price action, it's very hard to take a trade in the first couple minutes. Alright, so this type of price action? There's only two candles there. There's just not a lot of volume, so if you look back at the scanner here, we'll see the LP Th only have 300 shares a volume at 9:15 All right, that's just. there's nothing there.

We can't base a trade off that, but something like a Xn. It has one point: 1 million shares, a volume pre market. That's something that we can really develop a game plan for. We could say Alright, we have a very clear chart both after-hours trading and free market trading.

We were trending up nicely here and then we had a bit of a reversal and now we're trending down. So you could say I like this to the short side or I like it to the long side above this resistance line. But you can create a game plan for how you're going to trade this in the first 5 minutes of the day. As you guys know, the market is the most volatile at the Open.

You look at almost any stock and you're going to see peak volume in the first 30 minutes right in here that window and then decreasing volume as the day goes on. Okay, this high volume is also correlated with high levels of volatility. so lots of volume. Lots of volatility.

Big potential windows for profit, but its potential window. You need to know how to trade these setups. Okay, so these are the tools that I use to find the stocks, but then I have to apply the trading strategies that of course we teach in the classes and we also have some free videos and free blog posts about them as well. Alright, but for the most part we're looking at the gap and Go strategy in the Momentum trading strategy for these types of stocks.

Alright, so big volume there, right at the open and then KD this will be the same thing: big volume at the Open right and decreasing. so this is the easiest time to trade. This is how almost every single stock looks. high volume at the Open decreasing going in to lunch and then sometimes we get an increase coming out of lunch and going into the afternoon.

But rarely do we do. We exceed the amount of volume we had at the Open. So knowing that is just a trend or just a pattern in the market, almost every single day we focus our strategy on trading during the time where there's the most liquidity, the most volume, and where it's easiest to get big moves. All right.

So pre market we're looking at the Gap scam. Now 9:30 Gap scam is basically of no use because now we already know the Gap or now we're trading so we can forget about the Gap scan. Now we're going to focus on the scanners here which are telling us stocks in real time right now at 9:31 what is moving? So I look at the highe day Momo scanner Momentum Scanner This runs until 11:30 a.m. right? Trying to take advantage of momentum in the first two hours of trading.

This will tell us stocks that are catching a bit. Okay, this is right here. Again, the 5 minute volume spike having a big 5 minute volume spike tells us lots of people are trading LP th at 931 I saw LP th today on the scanner 931 I jumped into $2 and made a thousand bucks right here on Scandal in the first five minutes of trading and again you look at the volume on this. over the course of the day in this one candle we went from 153 up to 249.

That is a massive move right in here and now it's out of play. Alright, so we're always looking for the stock that has the potential to do this kind of move out of the gates and almost every single day there's a stock doing this. So if you don't find it on the Gap scan, then right out of the gates, you're watching your high a day scanner. Alright, the stocks surging up now right below that.

We've got a multi-strategy window and this similarly will give you stocks that are surging up volume spikes, top reversals, bottom reversals. You're going to have a number of different alerts on the scanner. I Personally don't use the scanner at all, but some of our students like it so we leave it up here just for them. I Don't use the scanner at all though, so you could take that away if you are not one of the students that like.

So all right now to the left, we have our surging up scanner. This tells us at this moment right now where we have the most volume on the 5 minute, the last 5 minute period in the market at any given time. So right now it's on. MXL All right now.

This at this time right now has the most volume relative in the entire market. Ok, now this is: the scan is filtered for price range and it's filtered to be within the range of stocks that we like. So that means lower float, lower price, and higher. Average True Range And you can see that again.

Relative to this morning, it's volume is still light, but at this point right now, there just might not be a lot that has high volume. Then we've got seed a CED that's up there as well. Ok, so volume very high out of the gates and it's increasing a little bit. 52,000 shares in the last five minutes.

That's pretty good volume. We know relative to this morning, it's still pretty light. So I wouldn't take a trade on it, but it tells us the scanner tells us where there's volume in the market right now. As day traders or Hunters, Volume and Managers of Risk, we're always looking for volume in the market.

We trade stocks with volume. A stock will not have a breakout without volume. You need that behind volume. so we look for the volume.

We chase it around the market every single day. Okay, but of course we need to manage risk on every single trade. and if we can't get that two to one profit loss ratio, we don't take a trade again. Coming back to the fact that these are tools, but you need to know how to use them.

These will show you stocks that are moving, but you need to know whether or not it's a trade worth taking. Can you manage risk? Do you have a good chart pattern right? What is the setup and that's what comes together into a complete trading strategy. So at this point in the day, you've got your surging up your high a day on Momentum. Now behind that scanner is Momentum All day long.

So about 11:30 I could switch over and look at this for midday and afternoon. but I don't usually do that because of the volume profile of most stocks. It's just easier for me to trade in the morning. So I just trade them to 11:30 most days.

Okay, now if we go down here, we've got our reversal scanner. We've got a reversal scanner right here and we've got another one right here. These two scanners look for stocks with consecutive green or consecutive red candles. Alright, so in this case, we've got.

let's look at: LC Lending Club That popped up at 1112 and it had six consecutive green candles. Anytime a stock has that many consecutive green candles, there's a good chance of a potential reversal. Okay, so we would watch that for a potential reversal, you have to apply the reversal trading strategy, which is to short the first candle that makes the new low with your stop at the high. In this case, you would have shorted here 17:27 stop would have been 17 42 and you could have covered here at 17 15.

Not a very big profit, but that was a potential. Okay, so that's the reversal scanner. giving you some ideas. Loulou It's all about idea generation trying to find stocks in real time, but ultimately, that's what makes you a successful trader.

You can know a lot about theory, but you need to be able to put that theory into practice and find trades in real time. Find the chart patterns and apply your strategy. Ok little, this one's the one that's kind of grinding up is. you guys know when I do reversals I Look for stocks that have a candle up and outside the Bollinger Bands like took a trade on Amba this morning.

look at that one candle up outside the Bollinger Band right here. Shorted it off the 114 level with a stop over 114 and covered on the move down to 109. Alright, this higher price stock, but these strategies are not exclusive to lower priced stocks. That's just my trading preference.

Okay, so that's the V8 scanner that shows only stocks that have consecutive candles of four or more. Now you have the V5 scanner Version Five Jeff Scanner: This shows three consecutive candles so the filter is a little bit lower. There are some days where we'll have so many alerts on this, you can't follow them all. so you go to the VA.

There's other days where there are so few alerts on the V8. You want more ideas? So you look at the V5. Okay, so I go back and forth between these different scanners. Now to the right you've got the pullback scanner.

Alright, this is looking for stocks that have recently made a big move up like seed this morning and are now consolidating and experiencing a little bit of a pullback. So seed at 10:48 Let's see right in this level here from a technical perspective, is on a pullback. Now We may look at this and say we don't like it and that's fine, but this will give us some ideas of stocks that are potentially on a pullback. So from a technical perspective, what we'd be looking for is a stock that recently made a big move up is now consolidating in the top 20 five percent of the range.

So we're still in the top of the range, but we have consolidated so we have pulled back a little bit off the highs. So we might want to say for instance, that we're at least 20 cents off the high, or we're at least two percent off the high depending on the price range. and that sort of thing below. Here is another variation of the pullback scanner.

This one, like the Surging Up scanner, will always show stocks meeting current criteria. So this currently meets the criteria for a pullback now. I may not like soups. let's party on I May not like seed at this spot for a pullback, but we are flagging.

Okay, so it's worth watching Now our Cpt that's higher price I wouldn't trade that one, but again, from a technical perspective, it meets pullback criteria being a little bit below the hives. Okay, and then back to the left. Here we have simple relative volume leaders, so as hunters of volume, we're always going to look at the stocks each day to have the highest volume look LP th and see those are the two stocks we traded today and they both are leading the relative volume scam. So that tells us once again that we're trading the right stocks.

That's really, really important. Now it's easy to develop so many scanners. you could fill your whole screen with scanners. and I'm always big advocate of keeping things simple.

Alright, you don't want to over complicate your charts with too many indicators. You don't want to over complicate your stock idea generation system by having too many stock scanners. So keep it simple. focus on the Gap scanner out of the gates, right? These scanners are customized for specific trading strategies.

So this Gap scanner we use for the Gap and Go strategy hide a Momentum scanner is used for the Gap and Go strategy and the Momentum Trading strategy. All right. Same with Surging Up and the pullback scanner is also a Momentum strategy. We're looking for strong stocks.

They're on a pullback and the reversal scanners has suggested are for trading reversals and this one just gives us an idea of stocks that are strong. Alright, so keep it simple. Any students that want this lay out, all of our trading course students have access to it. You can just go to the dashboard and go into your trading course and download a copy of the scanner.

You're welcome to do that any time. and of course you can email me if you have any questions. Ross At Warrior Trading Comm.