How To Scan For Stocks To Day Trade

list of stocks

Basically, with the free, you only get one screening tool, five for the premium version and 10 for the elite package. Additionally, the software permits traders to create complex filters by combining different stock characteristics. This makes it easy to hone in on a certain group of profitable stocks. Best of all, with Investfly stock screening tool, users can quickly share all the screens they create with other traders or simply choose to keep them private. Further, the software enables traders to search for just about any instrument available including its chart.


Day traders execute short and long trades to capitalize on intraday market price action, which result from temporary supply and demand inefficiencies. A trading platform is software with which investors and traders can open, close, and manage market positions through a financial intermediary. To become a day trader you’ll first need to decide on a broker that fits your needs. To help you get started, Investopedia has made a list of the best stock brokers for day trading. StockFetcher takes some getting used to, but once you get the hang of it, it’s one of the most powerful stock screeners available.

Black Box Stocks – Best Premarket Scanner & Options Screener

Traders can easily customize the way the market lists are sorted and ranked mostly as per a certain variable. The newly released version 20 comes with multiple scanner improvements. No credit card is needed, and the free trial will end after 14 days without obligations. Seeking Alpha offers an all-in-one subscription for $239 per year with access to all features and functionalities. StocksToTrade in no way warrants the solvency, financial condition, or investment advisability ofany of the securities mentioned in communications or websites.

Holly does a good job of scanning thousands of potential trading opportunities based on technical, fundamental, and social data. All investments involve risk, and not all risks are suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market.

the work at home revolutionView provides an easy and intuitive stock charting experience w/tools to share and view trade ideas. Like just about anything having to do with investing, there’s no one-size-fits-all solution when it comes to stock screeners. So, below, we’ve listed our favorite platforms and explained how each is the best stock screener for a particular purpose or situation.

Also, it’s difficult to compare free screeners with paid screeners just given how many more options are typically available on the latter. Benzinga Pro is built for traders and investors to receive actionable market news and research in real time. Where Trade Ideas excels is not only giving you the data and ideas you haven’t seen elsewhere but also how to manage your money. The rules-based virtual trading room on every chart plays for both long-term investors and active traders.

NatWest Group ​ A stock that tends to be more stable in terms of price movement and trades more than 15 million shares per day. Tesco ​ Capable of moving several pounds a day and daily trading volume typically exceeds 15 million shares. Technical analysis set-ups may provide day traders with insights into what to buy and sell, and when. For example, as a stock price approaches a support level, this may present a buying opportunity if it bounces off it or a short trade if it keeps falling through support. The purpose of a stock scanner is to automate the search and filter process to identify stocks that meet your criteria. You are using technology to do the tedious legwork of monitoring the market or a watch list of stocks on your behalf.

Overbought/Oversold Trading

Barclays ​ Higher daily movement than Lloyds due to the higher share price and still substantial volume, typically over 30 million shares. Vodafone Group ​ Daily volume is typically over 60 million shares and usually a pound or more of movement in the share price. BP ​ Active intraday movement and more than 30 million shares typically change hands each day. Rolls-Royce Holdings ​ Typically, a pound or more of price movement each day combined with a daily average volume north of 30 million shares. Glencore ​ More intraday movement than most of the others on the list due to its typically higher share price, but the stock still trades more than 30 million shares per day. International Consolidated Airlines Group ​ A stock that is sensitive to economic conditions and can have large price moves.

  • As mentioned previously, trends don’t continue indefinitely, so there will be losing trades.
  • For example, screeners by Yahoo Finance, Investing, and Market Chameleon tends to have most assets.
  • A stock screener is a program with a user interface designed to search for stocks using filters selected by a trader.

Short sellers should isolate stocks or ETFs that are relatively weak. In this way, when prices fall, you are likely to be in stocks or ETFs that will fall the most, thus increasing the profit potential of the trade. While there are those who specialize incontrarian plays, most traders look for equities that move in correlation with their sector and index group. This means that, when the index or the sector tick upward, the individual stock’s price also increases. This is important if the trader wants to be trading the strongest or weakest stocks every day.

Scan for Stocks With Significant Price Movements

NVIDIA ​ This stock tends to have a large average true range with lots of dollar movement most days. Microsoft ​ A heavily day traded stock with multiple dollars of movement a day and greater than 10 million average daily share volume. Apple ​ One of the higher volume stocks, combined with ample daily dollar movement. This stock typically trades more than 50 million shares per day. SPDR S&P 500 ETF Trust ​ Not a stock, but an ETF, this is one of the most heavily traded financial products in the US with 30 to 100 million shares changing hands daily.


This will help you make your watchlist for the next trading day. A stock screener is an important tool that can help improve your day trading. It can save you time, identify stocks you have never heard about before and show stocks according to your specifications. Financial services corporations provide excellent day trading stocks.

Market News

However, this should not be relied on exclusively as sometimes traders buy the rumor and sell the news​. To get my official intraday scanner through trade ideas, simply sign up using our BOWS link here. As such, these stocks make important moves every day and a stock screener can help you become a more efficient trader. This may seem obvious, but to ensure efficiency it is prudent to make sure that your intra-day scanned stocks have a filter in place to output stocks with significant price moves. Most importantly, there needs to be other participants in ensure liquidity. To attain solid scan results, you must identify what exactly you are looking for ahead of time.

Not all traders want to go long, and not all traders want to go short. U.S. Government Required Disclaimer – Commodity Futures Trading Commission. Futures and options trading has large potential rewards, but also large potential risk.

Keep in mind those new stocks should be monitored first to get acclimated to the pace of the price action, spread, volume and liquidity. By modifying the filters to scan for only stocks that meet your price range and minimum volume requirements, you can narrow the field dramatically. The tool is unbeaten and used by some of the most successful day traders.

You can even screen for various technical indicators, including common simple moving averages, RSI, and even various chart patterns. A stock screener is a powerful tool that screens the stock market based on selected criteria to show a list of scan results depending on the selected criteria. Thanks to modern day trading software, you don’t have to pore over hundreds of charts before every trading session.

Be aware that tweaking will be required along the way in order to generate the most accurate candidates. The accuracy of the scans will be based on your filtering criteria. Accurate results help to speed up the time it takes to manually analyze the set-up, confirm triggers and put on a trade. The proper use of a stock scanner depends on what you are using it for. Remember that a scanner is a tool that provides potential candidates to trade. You must still apply your own triggers once the candidates are validated and you are familiar with the stock.