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