Stock traders are faced with the overwhelming task of selecting from thousands of stocks, from markets around the world, when determining the best way to invest. While some investors and traders rely on fundamental analysis to assist them in narrowing down their selection, I firmly believe that a momentum-based, technical trading system is much more effective and accurate at predicting the future outcome of a stock's direction.
Being a technical trader means investing decisions are based on following market trends, as shown in various types of chart patterns. Therefore, traders who focus on technical analysis need a quick, easy, and effective way to narrow down their stock selection because it would be very inefficient to manually sift through the chart patterns of thousands of stocks on a nightly basis.
Fortunately, there is stock screening software that saves technical and momentum-based traders hours of time every night. Stock screeners (also known as stock scanners) is software that is programmed in such a way that simply pressing a button instantly filters the stock market using the desired technical criteria, which then filters out the results to display only the stocks that meet the predetermined criteria.
This article discusses the basic concept of stock screening software in a bit more detail, as well as the different types of stock market scanners available to traders, and finally some very important keys to consider when using scanning software.
Comparing Different Types of Stock Market Screeners
Customizable vs. Preset Scanning Criteria
There are two main types of stock screeners that momentum swing traders use on a daily basis: customizable and preset scans.
Customizable stock scanning software provides the benefit of being able to highly customize the technical criteria from which to filter your stocks, giving the swing trader full control. However, the downside of customizable stock screening programs is that they often have a relatively steep learning curve and require at least a basic knowledge of programming and/or coding.
For customizable stock scanning, I like to use TC2000 by Worden Brothers. This software makes it relatively easy to set your own criteria for scanning and then quickly flip through stock charts of all stocks that meet that custom criteria. It's around $30 per month, but well worth it.
Preset stock screeners, on the other hand, are much more user-friendly because they have already been developed with predetermined technical criteria that is designed to find stocks that are following a certain type of pattern. For example, this type of software may enable traders to instantly spot certain technical chart patterns, stocks with relative strength, stocks about to breakout, or stocks pulling back within their uptrends.
For most stock traders with beginning to intermediate experience, scanning for stocks with preset options is the way to go. From there, one can gradually work up to more sophisticated stock scanning technology. One of the best preset stock scanners is the MTG Stock Screener, located at: https://www.morpheustrading.com/services/stock-screener. It's 5 bucks for the first month (trial period), and then $11.95 per month thereafter.
Day trading is not what most people think. It is not normally a freaked out person who never moves from his or her computer or laptop refreshing their computer screen every second of the day for a 24 hour period, although some novices think so and are most likely doing just that. It really is not necessary.
An experienced or professional day trader has most likely taken the time to learn his or her craft. They have most likely chosen one market or perhaps two markets to trade in. This is usually a very fluid market like wheat or gold or any of the common grain markets. Trading in a market that is not fluid (that doesn't move a lot due to lack of traders or interest) doesn't suit the attitude or temperament of a day trader and is simply not a good choice when you're talking about getting in a market and getting out within a 24 hour period. An experienced trader has actually taken the time to learn the "personality" of that particular market. They have most likely studied its activity in the past to help them out with present-day activity. This is actually known as "charting" but this is another article for another day. Something else to keep in mind regarding day trading is that, believe it or not, you can actually get in the market, turn off your computer, go back to it about 3 to 4 hours later to check on your position and even get out at that time, hopefully with a profit. Again driving home the point that you do not have to be chained to your PC with your trigger finger on the mouse, just itching to get out of your position at the first tick of the chart in the right direction. Don't get me wrong, you can do that and people do and make a lot of money doing so but this should not be the general picture in your mind when you think of day trading. You should know that a good day trader practices discipline, self control and patience. I've heard it told that these are qualities that no one can give to you neither do they come from the external instead these qualities must be summoned from within a man's heart and soul. This must be why it is so difficult for the average person to be disciplined enough to study his craft and actually leave the computer once in a market and rely on their knowledge rather than their trigger happy index finger.
Consider a market like wheat. I've traded in this market successfully I might add and I know that the moves in wheat can be dramatic up or down. It's fluid (meaning there's a lot of interest in it) and a 5 cent move is worth about 250.00. Why is this worth mentioning? Well, wheat is known to move 5 cents in either direction in about an hour or two hours time. This is beneficial information to a day trader and it makes in entry and exit points much easier to gauge. But, one wouldn't know this unless they've studied this market to become confident enough in it to get in and out in a 24 hour period. Also, with such a volatile market, a pretty savvy day trader could get in and out of the same market more than once or twice in a day. In fact, this is a pretty common practice.
Knowing when to lock in profits is always the question in the back of the minds of traders of all ages and experiences. I am of the opinion and it is my habit to go for the base hits and not chase after the grand slams. Some would consider this style to be "scalping trading" because it's an extremely short-term in-and-out style of trading that capitalizes on immediate profit opportunities. In other words, I take my profits while they're there. I've been forced to sell at a loss several times by not following this one major rule. I was holding out for that last move of the day that in most cases never came or I didn't have the financial staying power to wait for it. I was a bit of a novice at the time, but as the old saying goes, there's no lesson like a bought lesson and I have paid for the knowledge that I now share freely. So know your exit point from the start. This takes the emotion out of your trading and decreases your chances of sustaining a loss.
By Adam Zoll | 06-11-14 | 11:00 AM | Email Article
Stocks took a step back on Wednesday following a series of record highs set over the past week. On a slow day for U.S. economic data, the World Bank announced it has revised downward its global economic growth forecast to 2.8% for the year, a decline from its 3.2% forecast made in January. The bank said a harsh winter in the U.S. and conflict in the Ukraine contributed to the lowering of the forecast. However, the report also predicted accelerated growth later this year in the U.S. and Europe as the effects of government spending cuts diminish, labor markets improve, and pent-up demand starts flowing.
Adam Zoll is an assistant site editor with Morningstar.com
Following a three days of declines, Treasury prices inched higher, with the 10-year note rising 1/32 to yield 2.631%.At midday the Dow was down 0.5%, the S&P 500 had lost 0.3%, and the
Nasdaq had declined 0.1%. Stocks on the Move
H&R Block reported stronger-than-expected earnings for its fiscal fourth quarter. The tax services provider earned $909.9 million, or $3.29 per share, for the quarter, up from $644.3 million, or $2.42 a share, for the same period a year ago. Revenue totaled $2.56 billion, up from $2.20 billion for the previous year. Shares in H&R block were up 2.3% at midday. Airplane stocks were under pressure after Deutsche Lufthansa reduced its 2014 guidance for operating profit and Emirates Airlines canceled an order for 70 planes from Airbus . Shares in Boeing were down 2.1%. Delta Air Lines was down 3.7% while American Airlines Group had lost 2.2% and United Continental Holdings had lost 4.3% at midday. Google announced it has agreed to buy satellite startup Skybox Imaging for $500 million. Skybox Imaging, founded in 2009, designs small, relatively cheap satellites that can collect daily photos and video of the Earth. Google shares were down 0.5%.Foreign Markets
European stocks fell on the day. The FTSE 100 lost 0.5% while the Paris CAC lost 0.9% and the DAX dropped 0.8%.Asian markets were mixed. The Shanghai Composite gained 0.1% and the Nikkei 225 gained 0.5%. The Hang Seng lost 0.3%.
Video games involve user interaction with an interface to produce visible feedback on a video game console or pc. Video in the phrase (new video games) is traditionally recognized as a raster show platform. The devices utilized to play video games for instance, computers and Playstation game consoles, are identified as platforms. The Playstation was released in 1994; it opened a brand new battle ground for Sega's tiny blue hero. Both the Nintendo 64 and the Playstation proved a beneficial asset in Sonics' gaming profession. For each new console release there's a brand new Sonic game for the public to get pleasure from. One can refer to these writeups prior to availing any of the item. Video games consoles are surely the best way to entertainment ourselves. And a individual can easily find the correct sort of item in many committed websites accessible on Web.
splinter cell 6 No character has got much more reputation than that of Sonic The Hedgehog. His gorgeous avatar magnetized all the teenagers and they fell in really like with that character. This is what Sony was waiting for. Note : Some sections could be missing if data is unavailable for the company. The player's character, Seth Walker, is onboard the Armstrong, and it serves as the setting for the game. However, the aliens-called the Kerak-are in a position to attach a pod to the ship, so the very first activity is to get rid of the invading aliens. Sega president claims that Sega games "tap into the very same market place that Nintendo opened". Among the most popular of the game titles is Sonic the Hedgehog game series, which has captured the heart of millions of players worldwide. These days however, we are pleased to them sharing the exact same platform and joining forces in the very same video screen.
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The method does have some clear flaws. Even shows like Survivor, which gave away Mountain Dew and Doritos to contestants elevated the sales revenue of these products. It is worth tracking down that and other Panzer Dragoon games given that this franchise is the ideal Sega has to offer you.
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Originally the Sega Genesis was bundled with Altered Beast. I would not recommend this machine. For instance, the Sonic in Mario land Flash game is possibly one particular of the most played Sonic games on the web. Sonic the Hedgehog is right here to remain for years to come and continue to break the boundaries of contemporary video gaming. Shenmue was an adventure gamer's wet dream; it had an awesome story line, awesome puzzles, and pioneered the open world gameplay of future games like Grand Theft Auto. A single has to analyze all the goods accessible in the industry to compare them properly.
That's why Sony introduced this character as a cameo in many other games. This was Sega's last entry into the console world and was by far their most below-rated technique. By ruby : A how to tutorial about vanquish challenge mode technique, vanquish approach, vanquish weapons list, Gaming with step by step guide from ruby. splinter cell blacklist torrent