Let me paint you picture. You just woke up. You brushed your teeth. Got your coffee. And
now you re doing your morning stock preparation, spending hours scrolling through 10 s if not
100 s of different stocks. Trying to find that one gem that will make your profitable
that morning. Have you ever wondered if there s a magical
way to completely filter out thousands of stocks, so you only see the ones that fit
your exact requirements? Maybe you re only looking for bounce plays? Maybe you re only
looking for breakouts? Maybe you re looking for gradual gainers? Sharp gainers? Longs?
Shorts? Well lucky for you, there is a way. And In
this video I m going to share with you my Stock screener settings that I use every morning
before I trade. So I can filter out all the noise, and only go through stocks that I d
be genuinely interested in. This will save you tons of time, will give
you a better watchlist, and if you do it correctly, this in itself will make you a more profitable
trader. Well, let s not waste any time, let s get
straight into it. First things first you re gonna need a stock
screener. There are a ton of different screeners out there, some are better than others. But
for the most part, they are all the same. If you don t have one yet. Id definitely suggest
getting one if you re looking to get into day trading seriously or even trading at all.
It s an important tool to have in your arsenal and can be the difference maker of you making
money or not. I ll be using FinFiz for these examples, but
most screeners will do just fine. The cool thing about this website is that it s completely
free to use. I ll leave a link in the description. Now, I don t know what type of trader you
are. You might be a risker trader than me, you might be a more passive trader. Everyone
is going to be different. That s why I m gonna give you multiple different presets that I
use so we can include all the types of traders. I guess what I m trying to say is, don t feel
like you have to copy my setting for verbatim, change them to whatever trading style fits
you best. It s important rather than just copying my settings, you understand the thought
process behind it. Also make sure you watch this whole video
because I will be leaving multiple different screener settings, and one of them is an absolute
gem that works wonders for me. I m also not going to be explaining each and
ever setting and why I m using it because I have a bunch of different presets, and if
I explained each and every one of them, this video would be an hour long. If you want more
information or have a questions of why I selected a specific setting ask in the comments and
I ll try to answer. Alright, so the first strategy we are going
to be doing, is for stocks that we want to buy and hold. These aren t short term trades,
these aren t day trades, they are trades that we can be confident in and not sell. Most
of these charts should look like this where they have steady and consistent growth.
The first setting we want to change is market cap. We only want to be looking at stocks
over 50 million. This will filter out any and all penny stocks.
Next, we only want to see stocks that are above the 20 day moving average.
We want to see a Beta over 1.5. EPS growth over the next 5 years should be set to over
10%. Return on equity set to over 15%. Then we want the current ratio over 1.5
Another cool thing about finfiz is that you can get more details about a specific filter
if you don t necessarily know what it means. So for example, if you don t know what current
ratio is, you can hover over it and see that its assets divided by liabilities.
So if you are wondering why I selected something, just hover over it and it ll explain what
that specific filter means. So as you can see, after adding all these
filters, we get a nice little list of stocks. Now I should also mention right now. Not all
these stocks down here are going to be good plays. That s an important concept to understand
with screeners. You should treat them as filters, not absolute trades.
So this should be used as just a simplified list so you don t have to look at 6,000 different
stocks. So what I normally would do is take this list.
Go through each and every chart, look up the company if I don t know it already, and see
if I like it. If I do, I ll enter a trade.
So as you can see with these settings, most of them are slow and steady gainers going
up. You can also see that we have 18 stocks. Maybe
that s too big of a list for you. Well, you can simply make your settings more extreme.
So instead of an eps of 10% you can set it to 20%. Now you can see we only have 12 stocks
to look at. That s the cool thing about screeners, you
can customize them to your needs. You can also select which data you want to
look at, so maybe you want to see the stocks performance, well, you can just click this
tab to do so. So you can get some really good information with these tabs.
You can also hover over the stocks ticker, and it ll show you a quick example of what
the chart looks like. So you don t sit here and open each every one on trading view.
So what I normally do is hover over each, to see if I like the general style of the
chart, then, ill open on trading view to do some more in depth technical analysis.
The next preset we will look at is for oversold bounce plays. Here s the strategy for this
one. We are looking for stocks that probably dropped too much and the market over reacted.
So what we want are plays like this. Where there was a recent drop, and the price is
started to correct itself. So we can enter or atleast watch for a bounce play.
These are usually are really nice because bounce plays usually bring big movers, and
big movers, bring in a lot of profit. And most of the time, you re getting the stock
for a pretty good price. So for this, we want the stock price to be
over $5. We then want the RSI to be oversold. This will give us only stocks that the market
probably overreacted on. Next we want to se the change to up. Saying
that it recently just started going back up. The we want to set the relative volume to
over 2. Which is basically saying that we want to see stocks that have 2 times to the
volume it usually does. So with these settings, we are looking for
oversold stocks, that are recently going up, and a lot more people are entering than usual.
We got a nice set of stocks, where if we go through them, almost all of them just recently
went down, and are started to correct a bit. One recommendation I would have with this
style of trading is to be a little patient. You don t want to catch a falling knife. Not
all of these will bounce back up. Some of them will act like they want to correct, but
then just keep falling. So I d suggest just putting these on a watch
list, watch them for a bit, wait for some confirmation, then enter. You can make some
really good plays with this preset.
This next preset is looking for breakouts. Breakouts can be really nice, because once
they are confirmed, most of the time, they sky rocket. It s a really nice list to have
just to just watch every now and then for a potentially good gainer.
What we are looking for are stocks like these, where it s just now getting to a new high,
and is ready to keep going. So for this strategy, we want to the chart
to be in a strong uptrend. To make sure we are getting that, want the price to above
the 20 day, 50 day, and 200 day moving average. Next want to stock to be at a new high from
the past 50 days. We also want return on equity to be over 20%.
This is just saying that we want the company to be investing shareholders money efficiently.
We also want the debt/equity ratio under 1. So we know the company doesn t have a lot
of debt and liabilities. The final setting we want is an average volume
of over 100k. So we know this stock is seeing some interest from people and is pretty liquid.
You should get charts that look like this. Going up up and creating new 50 day highs.
The play one these is just watch them for a bit, maybe see if they are breaking a key
resistance, and give some confirmation, and enter. Again, not all of these winners. It
s up to you to decide which charts look good. Maybe you are short trader, and don t like
trading long that often. Well these next setting are for you. These are short plays. Most of
the charts will look like this. Price with downward movement.
The first setting we want for this is market cap. We only want to look at stock over 300million.
We want the price to be over $5. We want the float short high, at 20%. This
is basically saying there are a lot of other short traders shorting these stocks at the
moment. Next, we want an average volume of over 500k.
Saying that we want big downwards movements and a lot of traders entering giving us liquidity
to exit the trade whenever we want. Then we want a relative volume over 1. So
saying we want a volume higher than what it normally is.
Then we want the current volume over 500k. And boom, you get a couple stocks that have
some great potential for enter a short position. What s cool about this one is the float setting.
So when enter this trade you can be confident there are others hopping on the same exact
strategy you are doing. The next preset we will be taking a look at
is bounce plays off moving averages. So it should look something like this, where price
came down, and is looking to bounce off the moving average, using it as a support, and
head upwards. To do this, we want our price to be above
the 20 day moving average, but we want the price to be below the 50 day moving average.
Then we want an average volume of over 400k, telling us this stock has a lot of activity,
we want a relative volume over 1, telling us its higher than normal, and then we want
a current volume of over 2 million. As you can see, it gave us a lot of different
charts that went down recently, but are looking to bounce off the moving average, and start
heading upwards. This next preset is for all my dividend traders
out there. We will be trying to find undervalued stocks that are looking to grow, but they
also pay dividends. First things first, we want large market cap
stocks, so we will set it to over 10 billion. Next we want a positive dividend yield of
over 0%. Telling us, all these stocks pay dividends. Next we want a P/E ratio of under
20. Saying it s potentially undervalued. Then we want an EPS growth for the next 5 years
at over 5%, telling us the company is growing. We want a payout ratio of under 50%.
We want a low PEG, giving us stocks that are undervalued.
The we want an eps growth next year of over 5%
It s going to give you a nice list. A lot of these charts will look different. Some
will be going up, some will be going down. It s just important to realize that with these
settings we are looking for undervalued stocks, that have growth, and pay dividends.
This next and final present is going to be showing you companies with insane growth and
earnings. All these companies will most likely be a really good buy.
We want to be trading with the trend on this one, so we want the price to be above 200
day moving average. We also want an average volume of over 400k, telling us there is a
lot of activity. Went then want the eps growth for this year to be over 25% we also want
it to be over 25% for the quarter and for next year. Then we also wants sales for the
quarter to also be over 25%. This in itself, will give us some really strong
companies. Then we want to companies that are not over
sold. With an RSI over 50. And there ya go, it s going to give you some strong companies
with great earnings recently, which most of the time, means they are going to be doing
good. If you got absolutely value from this video,
I d really appreciate it if you took 5 seconds out of your day and liked this video.
Maybe you need a trading strategy to know when to enter or exit some of these stocks?
Well try these strategy out. Where I made 130% profit with it in just 2 months of trading.
Thanks for watching, and I ll see you guys. Next time.