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How I Use The TradingView Stock Screener to Find The Best Stocks To Trade - Trading Tutorial - YouTube
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In this video, I want to show you
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how I use the TradingView
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stock screener to find the best
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stocks to trade.
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TradingView is a software that is
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available for free.
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They also have a low-cost version
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and I believe it's only $14.95.
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And there's a lot of things that you
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can do with TradingView.
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Today we're going to focus on
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the stock screener.
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So let's jump onto the computer
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right now and let me show you how
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I personally use the stock
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screener to find the best stocks to
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trade. So let's actually
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go back here for a moment
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to just tradingview.com,
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because when you go to their
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website, this is what
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it looks like.
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And as you can see, there's no
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chart. There's some news
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here, I believe, and
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some basic charts.
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So in order to get to the stock
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screener, you can do it right from
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here.
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I recommend that you bring up any
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stock, it doesn't really matter.
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So here, for this example, I'm just
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bringing up Apple.
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And as soon as you click on Apple,
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you want to click here on
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full-featured chart
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as it comes up.
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So it's loading here for a moment.
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We will see right here, full-featured
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chart.
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So you want to click on this.
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So once you do, you will now
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see a full-featured chart that looks
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kind of like this
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and you will see you have a chart
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here. Then at the bottom, you'll
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see that there's a stock screener,
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text notes and on the right-hand
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side, you also have quite a few
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symbols.
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Now, let's talk about the first
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one here on the upper right.
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This is where you can have your
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watchlist of the stocks that you're
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watching. Now, I like to look at the
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indices here, like to look at
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Bitcoin, crude oil, and
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gold. These are the symbols
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that I am watching.
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Now, here is where
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the stock screener comes in.
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The third or fourth button down
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here on the right-hand side
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is showing the so-called hotlist.
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So there are three predefined
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hotlists that come up when you click
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on this.
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This is for the US exchanges, the
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volume gainers.
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This where you see the stocks that
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really have had a lot
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of volume today.
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So, for example, GE up
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5.6%.
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Apple up 11%,
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Ford up 4.4%.
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You also see the percentage
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gainers.
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And this where you see some weird
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stocks like CREX, no idea
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what they're doing.
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Well as you can see it was a penny
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stock trading at $0.80, now trading
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at $3.80.
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So I didn't find this
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particularly useful.
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Same here for the percentage losers,
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for example, you have here DRIO,
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DarioHealth, didn't
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find this particularly useful.
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However, this is where you
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can define your own scanner
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and I want to show you how to do
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that, and also the scanner that
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I personally like to use the best.
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So when you click on the lower left,
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on the stock screener, it brings
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up the stock screener and you have
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predefined screeners in there.
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And look at this, all that
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we talked about right now, the
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volume leaders that we had on
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the right-hand side, as
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well as the top gainers
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and the top losers, we have
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them right here.
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You see, it doesn't really matter
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which one you pick.
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Just pick any for now, because
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I want to show you, we pick the top
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losers how I configure
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this list. As you know, right
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now, I am using this scanner
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to find stocks where I can sell
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put options as the markets
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are crazy right now.
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I mean, today is April 28th.
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We are in Day 46 of these crazy
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markets.
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And while the markets have been
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crashing and now are slowly coming
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up, selling puts has been really,
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really great. So the stock screener
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that I'm about to set up right now
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is for exactly that
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purpose.
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But as you follow along, you'll see
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that you can use this screener in
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many, many ways and
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let me show you exactly how to
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set it up.
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So, again, it doesn't matter, you
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just pick any of the predefined
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lists, I'm picking the top losers
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list. Now, this is where I
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like to go to filters
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and I like to adjust
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the filters to meet my
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criteria.
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Let me show you one more time how to
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get there.
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You see this big blue button on
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the upper right here of this
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list.
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So when you click on filters,
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that's where you can adjust it.
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Here is how I like to
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adjust it.
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I want to see a percent change
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where the stock today is
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losing more than 2%.
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So I'm entering a minus two
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here.
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The last price, I like to take
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a look at stocks that are trading
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between $5
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and $150.
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So this is just me,
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yours might be different I'm just
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showing you how to use this
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scanner.
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Now, in terms of symbol type, this
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is the third thing out of four
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that I'm going to change.
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Here I'm only looking at common
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stock.
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So I'm unselected depositary
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received and ETFs.
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So again, super easy.
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All I need to do is that
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I adjust four different
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settings.
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I'll leave the exchange as is.
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But the one thing that I'm looking
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for here right now is
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the volume filter.
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So again, just to briefly recap,
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I am changing the change percent
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to a negative 2, I'm changing
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the last to between $5
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and $150, the symbol
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stock to common stock.
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And the fourth thing that I'm
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changing is the volume.
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I would like to see stocks that
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are trading at least
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a million shares per day
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up to whatever more than
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50 million.
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So these are the
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only four things that
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I'm changing.
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And by doing this, you see that
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right now I have 125
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matches.
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Now, this is where right now
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you see top losers has
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a little asterisk there so
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I have changed it.
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You can now save this screen
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as whatever you want.
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So you can use your own
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name, you see, I use the name
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where I said most volatile markets.
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So this is where you could just say,
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"OK, just a test
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to show how it works."
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So you can save these
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settings that you just did.
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And you see then whatever you're
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picking, you can go back
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to just the test to show how
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it works.
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And you have, again, your 129
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matches back.
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Now I want to show you how to
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adjust the columns here.
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This the second thing that I do.
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But let me ask you thus far,
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is this making sense?
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Is this helpful?
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Before we continue.
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Because if it is, do me a favor and
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click on like really quick so
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that I know that we are going at the
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right pace, that we are not going
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too fast, and that we are not
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going to slow.
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So if you could do me a quick favor
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hit like, I would really appreciate
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it and then I'll show you how to
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customize the columns.
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Thank you. OK.
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Let's go back to the screen here and
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you see that now we have a lot of
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columns here.
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We have the ticker, we have the last
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price that is traded it, the change.
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We have the change in dollars, so
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that's the change in percent, that's
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a change in dollar.
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A rating, the volume, the market
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cap. And there are a lot of columns
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that I personally do not
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use. So here's the really,
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really cool thing.
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All you need to do to get rid of a
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column is right
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mouse click on it and remove
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the column. So I like to
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keep the ticker, I like to keep
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the last price, I would like to know
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this. And I like the percent
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change. I don't need the change
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in dollars.
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But again, for you, it might be
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different this is why I want to show
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you how to do this in general.
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But I'm removing this column here.
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I also personally don't care
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about the rating.
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I do my own rating so I'm removing
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this. And you're doing it by right
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mouse clicking on the column
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and remove it right here.
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I don't need the volume information
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because I already know that all of
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these stocks are trading between
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1 million and above, so
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I can remove this.
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I also don't care about the market
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cap, right mouse click and
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here we go.
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The P/E ratio not important
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to me, I'm removing this column, the
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EPS I don't care about
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it. Again, you, it can
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be different for you, so you might
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care about it or not.
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Employees don't care about this.
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And the sector is the last column
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and I leave this one in.
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Now, if you want, you can click on
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these three dots on the right-hand
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side and you can add
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a bunch of columns.
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As you can see, there is a lot
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of information available, so
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you can add as many columns
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as you want.
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So the only columns that I like to
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see is the ticker symbol,
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the last price, the change in
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percent, and the sector.
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Now also, in the same
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way as we have saved the filter, we
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can save the column
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layout.
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And the difference is that this is
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here on the left-hand side.
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So you see on the left-hand side you
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have the column sets.
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Here this is
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where we selected the filter.
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So we can go for volume gainers and
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it is still using the columns that
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we just defined.
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Or we can go for the top
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losers or what we have just
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saved, just a test to show
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how it works.
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So we can now save our own
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columns here, and we can save
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this in the same way that we
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say, "OK.
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This is the best
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layout for columns.
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Just kidding."
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You get the idea, right?
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So you have two things that you can
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save. You can save your filter
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and you can save your column layout.
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So going back to the filters, you
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see the ones that we changed is
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that we went to the change
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percent below minus 2%, last
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between $5 and a $150,
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for the symbol type only the common
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stock, and the volume we changed
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from 1 million and above.
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For the column layout, this is where
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I choose the ticker,
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the last price, the change in
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percent, and the sector.
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So you can close the screener by
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clicking on height here, and
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you can bring it back up by clicking
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on stock screener.
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And then you can quickly go through
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this and look at the stocks and
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see which ones of these
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you like. This was just a very brief
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intro on how I use TradingView
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the stock screener to find the best
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stocks to trade.
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Hope that you find it helpful.
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If you did click on like and
[623]
consider subscribing to the channel
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this way you get more videos like
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this. Hey, talking about more
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videos, there's probably more videos
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popping up on the screen right now.
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If you enjoyed this video, just
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click any of these videos that
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interest you and I'll see you in the
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next video.
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