HOW TO: Picking Winning Stocks To Swing Trade Using Finviz Screener (Step by Step) | Dark Money Scan
This is a Step by Step tutorial on how to use Finviz screener to pick winning stocks to swing trade. I call this "The Dark Money Scan".
Picking stocks to swing trade and day trade can be quite simple once you have an idea of what best fits your trading style. If you have been wondering how to pick winning stocks, this scan has been quite successful for me.
Keep in mind, I do understand technical analysis and have been trading stocks for quite sometime now. The stock market has a lot of risk involved so it's always best to think of yourself as a risk manager.
Finviz and Stock Charts are both great free resources to use to pick and develop your winning swing trades for stocks. I use the finviz stock screener in this video and walk you through the 3 filters I use for this setup.
THE DARK MONEY SCAN:
The idea behind "The Dark Money Scan" is that we are looking for stocks that have all of a sudden seen a huge increase in volume but the price has not made a significant move to show for that type of volume increase.
One of the main filters we use is Relative Volume (RVol). RVol is a ratio. It is derived by comparing current volume to average volume for the same time of day. Finviz Screener compares it to a 3 month volume weighted average.
When you run the scan you need to use your technical analysis skills to determine if a stock looks like it is about to break out, or perhaps it already broke out but could be over extended and a pullback might occur.
I go over 2 different charts and walk you through how I would potentially trade them.
There are many ways on how to use finviz stock screener for finding and picking swing trading setups. This is just one of the many ways!
STOCK TRADING PLATFORM I USE.
○ Webull (GET 2 FREE STOCKS): https://bit.ly/3i5U591
MY FAVORITES - https://amz.run/3JLv
○ Book Recommendations
○ My Studio Setup
○ Morning Coffee
COME SAY HI:
Instagram: https://www.instagram.com/figuringoutmoney
Twitter: https://twitter.com/mikepsilva
Make sure to SUBSCRIBE to my channel!
VOLATILE STOCKS FOR DAY TRADING AND SWING TRADING WITH HIGH VOLUME (HOW TO FIND)
https://www.youtube.com/watch?v=VC327ko8DfE&t=18s
ARTICLE REFERENCED:
https://stockbeep.com/the-importance-of-high-relative-volume-rvol-in-stock-trading
DISCLAIMER: I am not a professional investment advisor, nor do I claim to be. All my videos are for entertainment and educational purposes only. This is not trading advice. I am wrong all the time. Everything you watch on my channel is my opinion. Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel :)
#PickingStocks #Finviz #StockScreener
-
7:24
Figuring Out Money
11 months agoMomentum Slowing, Divergences Growing: What Does This Mean For The Markets?
41 -
UPCOMING
I_Came_With_Fire_Podcast
10 hours agoFood Security & the American Beef Industry: AJ Richards on Supply Chain Risks & The SUSTAINSAct
29.7K2 -
4:41:10
Tundra Gaming Live
11 hours agoThe Worlds Worst Horror Streamer Has Heart Attack Playing Phasmophobia
59.6K8 -
1:38:24
JoBlo Originals
9 hours agoFriday Night Flicks!
62.6K9 -
5:09:20
Nerdrotic
13 hours agoAgatha All Along Geyest Show EVER! Rings of Power Girl POWER! - Friday Night Tights #320 Jonny Law
125K35 -
1:18:43
Edge of Wonder
10 hours agoPager Explosions: How Technology Can Be Used Against Us
69.1K20 -
8:19:47
Akademiks
16 hours agoDiddy Arrest Footage LEAKED! Police Say He's ON S*ICIDE watch after Being Locked up in MDC BROOKLYN
189K77 -
11:44:20
Total Horse Channel
20 hours ago2024 WDAA World Championship Show | Friday | Arena One
69.6K1 -
4:16
The Worlds Funniest Animals
11 hours agoAnimals Gone Wild Compilation
54.7K19 -
2:22:56
WeAreChange
13 hours agoDiddy Will Get EPSTEINED?! The Power Brokers Are LOSING IT
103K77