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Overwhelming Stock Market


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Overwhelming Stock Market

  #1 (permalink)
 mrwaynetan 
Singapore
 
Experience: Beginner
Platform: ThinkOrSwim
Trading: Stocks
Posts: 8 since Nov 2012
Thanks Given: 1
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Hello fellow traders, i'm a beginner trader and i started a demo account with thinkorswim. I have read a few technical analysis books in regards to stock trading. However, when i started playing with the demo account, i felt overwhelmed by the hefty number of stocks on the market. I just don't know which one to focus on.

I have read somewhere that all traders are using some form of stock scanner to help them filter out stocks that met certain criteria. So here are my questions..

1) Other than using stock scanner are there any other options? (I realized most of them cost some $$ )
2) If there is no other way, which stock scanner should i use?
3) Is this form of trading recommended? (Using stock scanner to filter out stocks and then trade irregardless to the fundamental of the company)

Thanks for reading my elementary questions.

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  #3 (permalink)
 
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 Big Mike 
Manta, Ecuador
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  #4 (permalink)
 jta3 
Copenhagen, Denmark
 
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mrwaynetan View Post
Hello fellow traders, i'm a beginner trader and i started a demo account with thinkorswim. I have read a few technical analysis books in regards to stock trading. However, when i started playing with the demo account, i felt overwhelmed by the hefty number of stocks on the market. I just don't know which one to focus on.

I have read somewhere that all traders are using some form of stock scanner to help them filter out stocks that met certain criteria. So here are my questions..

1) Other than using stock scanner are there any other options? (I realized most of them cost some $$ )
2) If there is no other way, which stock scanner should i use?
3) Is this form of trading recommended? (Using stock scanner to filter out stocks and then trade irregardless to the fundamental of the company)

Thanks for reading my elementary questions.

I have used RAMP for some time "Only trial for free", use free daily data. have trendline and more for scanner Chart Pattern Recognition Forex and Stock Screener Finds Chart Patterns Fast
Ninjatrader with MarketAnalyzer can be used for scanner

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  #5 (permalink)
 mrwaynetan 
Singapore
 
Experience: Beginner
Platform: ThinkOrSwim
Trading: Stocks
Posts: 8 since Nov 2012
Thanks Given: 1
Thanks Received: 0

Thanks bro.

I visited the site and it seems to be a little confusing to me. The screener shows lots of fundamental criteria. Is there any screener i can use to detect technical movement? For example, when golden crossover occurs.

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  #6 (permalink)
 Cloudy 
desert CA
 
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mrwaynetan View Post
Hello fellow traders, i'm a beginner trader and i started a demo account with thinkorswim.

1) Other than using stock scanner are there any other options? (I realized most of them cost some $$ )

ThinkOrSwim stock Scan has more "Add Study Filters" and one can also write custom thinkscript filters. But those features are only available on a live account TOS platform.

(example screenshot)

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