Momentum scanners can make you rich !
Lets find out
👇👇
Lets find out
👇👇
Momentum scanners provides a shortcut to have strong fast moving stocks coming into your radar.
Step by step guide on How to use Momentum scanners!
3 scanners have been provided in this tweet.
A. 1 Month movers
B. 3 month movers
C. 6 month movers
Step by step guide on How to use Momentum scanners!
3 scanners have been provided in this tweet.
A. 1 Month movers
B. 3 month movers
C. 6 month movers
How to use them effectively?
These scanners will provide a list of stocks with their % moves in that duration (Ex: 1 month). Now these to be explored on weekly basis means on weekends.
Take top 50-80 stocks from each list after arranging them in decreasing order of their % moves and put them in separate watchlist. You have to do the exercise every week and have to keep adding new top moving stocks to the existing watchlist.
Now this Shortlisted watchlist have to be scanned on daily basis for stocks setting up as your entry & setup criteria.
So, those final setup which are ready or close to a setup can be placed in a focus list for close tracking. This is how you can use these scanners effectively.
These scanners will provide a list of stocks with their % moves in that duration (Ex: 1 month). Now these to be explored on weekly basis means on weekends.
Take top 50-80 stocks from each list after arranging them in decreasing order of their % moves and put them in separate watchlist. You have to do the exercise every week and have to keep adding new top moving stocks to the existing watchlist.
Now this Shortlisted watchlist have to be scanned on daily basis for stocks setting up as your entry & setup criteria.
So, those final setup which are ready or close to a setup can be placed in a focus list for close tracking. This is how you can use these scanners effectively.
So, sharing following scanners in the below mentioned link:
1. 1 Month movers
2. 3 Month movers
3. 6 Month movers.
chartink.com
Disc: This is only for study purpose.
1. 1 Month movers
2. 3 Month movers
3. 6 Month movers.
chartink.com
Disc: This is only for study purpose.
Though i prefer manual scanning as it provides a bigger picture on what sectors are in strength with how market is doing on broader level.
But not everyone can spend that much time so, one can build a system around this.
Its better to identify from the list on which sectors are standing strong.
But not everyone can spend that much time so, one can build a system around this.
Its better to identify from the list on which sectors are standing strong.
If you found this useful,
1. Follow me @ItsVinay01 for similar knowledge based threads.
2. Bookmark it and Retweet !
To read more articles check the link:
wealthcraft09.substack.com
Disclaimer: Everything shared above is for learning purpose only and nothing is in any form any advice.
1. Follow me @ItsVinay01 for similar knowledge based threads.
2. Bookmark it and Retweet !
To read more articles check the link:
wealthcraft09.substack.com
Disclaimer: Everything shared above is for learning purpose only and nothing is in any form any advice.
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