Trading is easier with cyclical scans
When you sit down in the morning it should have a feeling that youre gonna make money, its as simple as that.
If your daytrading edge isn’t that good, youre going to be stressed about the coming day.
Make your best playbook of trades and stick to the ideas contained.
Then correlate your ideas with what the market is doing.
Scans help with that alot. They will point the way, if done correctly.
Take an approach to find 15 stocks short and long per day. The scan you build should have that many or maybe some more if it is a market event in progress.
The scans above are from today October 25th 2022.
The market is undergoing a cyclically large event, with earnings coinciding perfectly.
Therefore, constructing the scan to find the best longs is advised.
The scan is built off cyclicality in equities and will continue to work as more stocks start to build higher prices.
When looking to add a scan to your arsenal it may be beneficial to have:
high beta of .6 or more
capitalization of 250 million or more
Price of $20 or greater
Ability to scan premarket movement
volume of 400,000 or more or 25,000 or more for premarket scans
And thats about it!
Thanks for reading,
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~ Derek
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