how to scan stocks for swing trading

The point of swing trading is not to catch an entire upswing or downswing. Rather, traders enter after the swing starts and exits before it ends. Successful swing traders aim to notch a series of smaller gains that add up to greater annual returns. Let us now proceed to understand how one should go about selecting stocks for trading. In other words, we will try and identify a process, employing which we can scan for trading opportunities. is the trade name of Quantalytics Holdings, LLC Quantalytics. Quantalytics offers automated financial advice tools through Quantalytics Investment Advisors, LLC (“QAI”), a SEC registered investment advisor. QIA’s Investment advisory services will be available only to residents of the United States. Disclosures concerning QIA’s investment advisory services are available on its Form ADV filed with the SEC. The parent company of ForbesMedia LLC, Forbes Global Media Holdings Inc. (“Forbes”) has a material ownership interest in Quantalytics.

Is Swing Trading Risky?

I don’t know about you, but that’s too many for me to keep track of on a day-to-day basis, and more importantly, most aren’t of any interest to me at any one given time. I’ve recorded a supplementary video below, covering more of the setup process in TC2000 if you are interested in duplicating these same scans in your own environment. The answer will not only tell you where to place your target but will also determine whether a favorable risk-to-reward ratio is possible.

  • Many traders often underestimate the power of day trading psychology in achieving positive results.
  • Not just that, they need a stock screener that identifies the right stocks to trade according to their strategy and preferences.
  • For forex trading, use a specific type of chart that uses a New York close.
  • But $228 a month is a worthwhile investment for the edge that traders seek.
  • You can try Zacks Premium Screener, plus several additional powerful tools and research, with a free 30-day membership.
  • For example, in an uptrend, you aim to buy (go long) at “swing lows.” And conversely, sell (go short) at “swing highs” to take advantage of temporary countertrends.
  • TRADEPRO Academy is not responsible for any liabilities arising as a result of your market involvement or individual trade activities.

The more demand they create, the more they “squeeze” the traders betting against the upward momentum. There are so many ways to scan for stocks, the list could go on forever. The simple method for scanning for long ideas is to look for premarket gappers. Here are a couple of methods you can use to scan for either % gain or $ gain. However, if you want to increase your filter criteria, we suggest searching for stocks with higher market caps.


Seek the services of a competent professional person before investing or trading with money. BTW, if you’re interested in the indicator that I use personally for very precise entries and exits, I’m happy to share that with you. Just send me an email at , and I’ll show you how to get access to that indicator. And then you can click on edit here and you can go ahead and edit.

Why is swing trading easier than day trading?

Less time-consuming: The longer periods of time also mean that swing traders can afford to spend less time monitoring their positions (unlike day traders). Lower costs: Swing traders incur lower transaction costs compared to day traders since they open fewer trades.

But if you want to be long and take advantage of these events, you need to be able to find stocks with a high short interest. Depending on your preference, the market may be presenting more opportunities in one direction or the other. Hopefully, these scans have been helpful and how to scan stocks for swing trading give you some ideas to think about and experiment with further on your own. If you’re not a fan of chasing breakouts, or you simply want to diversify with some pullback setups, then this scan is for you. The above filters are included in all future scans that we review.

Why Volume and Liquidity Matter

With a few simple clicks, you can quickly and easily find the best trading setups that match your specific criteria. Our initial search revealed 30 stock screeners for our consideration. We narrowed the list to 16 by running them through our criteria of ease of use, selection of fundamental and technical filters, depth of filter criteria, customization, and extra functionality. After a more rigorous comparison, we identified the best stock screeners in six distinct categories. The stock screener includes more than 100 fundamental and technical criteria with the ability to customize filters and views to your liking.

how to scan stocks for swing trading

Day trading platforms and all-in-one technical analysis tools often include a screener, but in some cases, it is only a side product and not the best choice. Zacks is a stock research platform where investors can find short and long-term stock picks. TC2000 is a trading software with extensive stock screener and charting capabilities, with an integrated paper account. Seeking Alpha is a good stock screener app and surprises with simplicity and advanced features like quant ratings, pre-configured stock screeners and SEC-filings access.

Paid plans with more complete access to TradingView’s powerful tools start at $14.95 a month and go up to $59.95. Trade Ideas was founded in 2003 by a group of financial technology entrepreneurs in response to the growing demand for DIY investing. The customized server-based technology connects directly to the exchanges, enabling it to track every single stock and ETF that’s traded.

  • Cristian has more than 15 years of brokerage, freelance, and in-house experience writing for financial institutions and coaching financial writers.
  • A swing trader would look to enter a buy trade on the bounce off the support line, placing a stop loss below the support line.
  • A stock screener for swing trading is important to support your strategy.
  • Day traders also rely on specialized software, such as sophisticated charting systems, to enhance their analytical and trading capacity.
  • Users can finetune their results by creating complex equations and combining multiple filters.
  • Again, if you want to set the average over a different period of time, you can do that.

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