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Finding the Biggest Stock Gainers... 4 Tips - YouTube
Channel: StocksToTrade
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- Biggest movers, top percent gainers,
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exponential supernovas,
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that's what everyone
tells you to look for,
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especially when you're
getting started day trading.
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In today's video, I'm gonna
show you multiple ways
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to spot those big movers of the day.
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(upbeat bass and drum music)
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Hey everyone, lead trader with
StocksToTrade Tim Bohen here.
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Gonna talk about spotting
those big movers of the day,
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but I would also like to ask you
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be sure to subscribe to our channel.
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We release these videos most weeks,
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two, three videos a week,
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and then also, don't
forget, ring that bell.
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Hit that alert bell at
the bottom of the video
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because one of the great things
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that notifies you when
these videos come out,
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but we also do every week a live video.
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I go live, and we break down
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the watch list stocks,
the big movers that day,
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and you wanna be there
because we're talking about
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actual ideas that you
can be trading that day
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or the next day.
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Hit that bell to be notified
as soon as we go live,
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and then also comment below.
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What tools do you use to spot
the biggest movers of the day?
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I'm gonna show you three
or four different ways
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to do it with StocksToTrade.
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What do you use?
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Let me know below.
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So, we're gonna jump
over to the screen here,
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and I'm gonna show you
three different ways
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to spot the biggest movers of the day,
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and actually, four.
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The great thing is all of these except one
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are built in, pre-built, ready to go.
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The last one I'll finish
on is just something
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that I do custom with StocksToTrade,
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but once you watch this video,
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you could probably follow along
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and emulate it yourself.
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So, a lot of these things are simple,
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but people don't realize
that they're built
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in to the platform already.
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We're gonna start with,
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we can just go to the upper left,
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and we're gonna go to top scans,
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and then, we're gonna look
at the top percent gainers.
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Amazing creative title!
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So, this, what this does,
ranked from top down,
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gives you the biggest
percent moves of the day.
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Now, that is useful, and you
should be looking at that,
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but let me give you a couple tweaks
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that you should be doing
based on what you trade.
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Especially early in the day,
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you're gonna see a lot of big moves
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but stocks that are moving on low volume.
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What I want you to tweak,
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and we go to the wrench icon,
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and we're gonna go to filter results,
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and I want you to add a couple tweaks
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depending on your trading style.
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Now, for me, I don't typically look
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for stocks less than 25
cents or higher than $20.
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So, the nice thing is we can drill down
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and filter by 25 cents to 20,
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and then, this is the
biggest key I want you to do.
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Maybe you like to trade 10 cent stocks,
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but be sure to filter by volume.
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You don't care if a
stock is gapping up huge
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on 100 shares traded.
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It's completely worthless.
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It needs to be ignored.
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So, filter by price and volume,
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and then, the last tweak I make is
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a 5% minimum percent gain.
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Now, that's almost always
gonna come into play
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unless it's a really, really slow day,
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but I don't care about stocks
that are up 2% on the day.
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Just not interesting to me.
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So, that's your top percent gainers.
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Filter it based on your price range.
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Maybe you've got a really small account.
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I look at $20 stocks.
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Maybe you set that high range
at five bucks or 50 cents.
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Could be anything,
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but your goal as a trader is to
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minimize the number of stocks
you're looking at, okay?
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I don't care if you're a new trader,
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intermediate, or even advanced.
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You could have been trading for 20 years.
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You don't have the time
or the mental energy
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to process 100 stocks a day.
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You wanna use those filters to get it down
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to a manageable number.
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Five, 10, maybe 15.
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That's what you can do with the filters.
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Next scan that I always have running
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is the new high of day scan,
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and this is complementary
to the percent gainers.
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So, what this shows you,
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what I like to do is align the two,
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so now, I've got a stock that's
the top gainer of the day.
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The new high a day scan shows me tickers
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that are pushing, that
are making a new high,
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so now, especially going
into the afternoon,
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this is the great thing for traders is
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if you've got a top percent gainer
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that's making new highs,
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stocks that go high,
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this is an old stock market
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analogy or saying,
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stocks that go high tend to go higher.
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I know it sounds a little weird,
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but you get that big gainer
that's making new highs.
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You get those animal spirits.
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Everybody's excited.
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Everybody wants to get in that stock
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for the next move higher.
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That's what you wanna
look at in day trading,
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so line these two up together,
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percent gainers and the new high a day.
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The third way is we
have a built-in screener
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or built-in scanners
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that give you the top dollar gainers,
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the biggest percent gainers,
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and then gainers over multiple days.
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So, this is under your scans,
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and then, we've got all
of these pre-built scans.
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And then, you can also
even look by exchange.
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Many of you might be OTC traders,
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so the nice thing is you
can actually isolate,
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maybe you don't like the listed stocks,
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the NYC, the NASDAQ stocks.
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You can actually look
for the biggest gainers
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on the OTC markets, which
is great for small traders.
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So, then, over multiple days, as well,
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that's great for the
swing traders out there.
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If you're a part-time trader,
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you're looking to trade
over multiple days.
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You're looking for those stocks
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that have trending up
for three to five days.
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We've got those built in to StocksToTrade.
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The last I'm gonna show
you is a custom screener.
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We have a million different
screener criteria.
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We've done other videos where I
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break down my favorite scans,
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and one I want you to focus on,
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and it's simple,
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but remember, in trading, so many try
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to overcomplicate things.
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Keep it simple is what I
would say all the time,
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and now, you can build
your own custom screener
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based on your criteria.
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So, now I can get even more granular.
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Now, for lack of time in
a quick YouTube video,
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I'm gonna show you a very simple scan,
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but you can get even more elaborate.
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This scan gives me stocks that
are greater than a dollar,
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they're up more than 10%,
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and they're trading more
than 50,000 shares a day.
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Then I can even add in a news component.
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I can even add in technical indicators.
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But, at the end of the
day, keep it simple.
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This is a great scan that weeds out
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those true penny stocks that
I'm not a big believer in.
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You might be, but you could look
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for the greater than a dollar stocks,
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with movement, with volume.
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Those are the three.
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Write that down!
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Price, volume, and moves.
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So, do you scan for the
top percent gainers?
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How do you do it?
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Have you used StocksToTrade's
built-in scans?
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Let me know below.
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I'd like to know if
you're using these tools,
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and the biggest thing, comment below.
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Have you built a pre-built scanner?
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And would you like to see
some pre-built scanners
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built on this video?
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Are you looking for
some specific criteria?
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I'd love to build a
scan on a YouTube video
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that's catered directly
to you, the watcher.
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So, thanks a lot, everyone!
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Be sure to comment.
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Be sure to subscribe,
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and as always, ring
that bell to be notified
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for the next video.
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Thanks for watching our video.
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Be sure to comment below with
any trading-related question.
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We love answering your questions.
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Also, like and share with your friends,
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and be sure to subscribe to be notified
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as soon as our next video hits.
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And if you're looking to
expand your trading knowledge,
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don't forget to check out
all of our other videos.
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And be sure to click the trial below.
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Check out StocksToTrade.
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I think it is one of the best,
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most rapidly advancing
softwares out there.
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