How to find winning stocks to trade like $EGLE $CCCR and $VNDA

As we approach September 1st, the beginning of my intensive studying of the market 1 year ago, I think back to the questions I had just starting out. One of the biggest questions was how do I find these stocks to trade. Sure I had studied Tim’s DVDs and the theory behind the winning trades made sense, but how was I going to find these stocks that are so active.

Well it took time, but I figured it out by finding the right tools. There are some free tools that are useful, but as the saying goes you get what you pay for. It’s like trying to make a fine dining pasta dish with frozen pasta mass produced versus fresh handmade pasta.

So in the beginning before I found my favorite tools I would use Yahoo’s biggest gainers  or Finviz .  Both of these are good for information, but I found it was good for stocks at the end of the day. Sure it is easy to see what has happened, but the key to getting into these stocks while the movement is happening is a tool that is up to the minute.

I definitely used Yahoo and Finviz for research at night. It was great practice to see the charts and what happened throughout the day and if there was a catalyst. Was there a big announcement of a contract win? Positive Earnings? or maybe a low float stock that had a little bit of movement and the shorts got squeezed on the stock?

In the beginning it is important to understand how news is likely to affect a stock.  I say likely because the market does not always react rationally and stocks can tank with positive news like $PSTG on Friday.

So write down the big movers and see the reason why they moved as well as what happens the next day. Try to figure out the why and put yourself in the brains of the other traders to understand their moves.

Back to finding the stocks. So I had found a great way to find stocks at the end of the day but how was I going to find those stocks in play at that moment. There does tend to be momentum to stocks on the second and third day as not all traders are day traders. Many people think the stock is still at a great deal even if up 5-15% so they buy looking to make money. That continued momentum will usually keep it going for max 3 days. Although sometimes it can be one day affair and boom the stock crashes.

I tried Stocks To Trade 1.0 which was served data by EquityFeed and I liked their service, but it still did not give me quick snapshot of the market to find this stocks. There was too much specific filtering for the lists for me to easily find what I wanted to see. Don’t get me wrong I love Equityfeed for my level 2 data and charting but the lists of active stocks was still missing.

Then I found Warrior Trading Chat Room that had a free Monday Trial and they had this great software on screen sharing. Well I wasn’t shy and I asked what software it was that they were using to filter all the data to come up with their lists.

Turns out it was Trade Ideas. After seeing a demo of the software in the trading room I began to do more investigation.  I began using the full pro package with the back testing and Holly. Sure enough it very quickly paid for itself. The software is amazing and the customer service they provide is even better. This software no lie can be overwhelming with all the possibility of personalizing it to each individual user. However they also have amazing present channels like Surge which shows you the stocks that have a surge in volume right up to the minute.

Finally it was exactly what I was looking for in software to find stocks to trade. I mean the company name says it all Trade Ideas. This system lets you put your finger on the heartbeat of the market with the stocks that have volume and price movement.

Navigating the ocean of stocks without the right tools is like trying to cross the Atlantic with a raft . Why would you do that to yourself and make it so difficult. I completely understand the costs of getting into trading in the beginning. It can be overwhelming but not having tools that make it easy to me is foolish.

It was interesting too because it wasn’t until after I was using the software that I discovered the Free Trading Room. A Trade Ideas sponsored room that is very positive with Barrie the moderator (just tweeted 8/30  Get TI Premium for 25% or regular TI for 20% until Sept 5th! Use Promo Code LABOR2016) and Dan the CEO and other great traders all providing their experience. I have learned from them as well. It is a nice positive area to learn about the software and some winning strategies for profiting on stocks.

The whole journey of becoming a day trader is not easy. There is the psychological aspect of it. The funding of your trading account and how to use the trading software and then how do you find the stocks. I hope this helps you with the last step.

90% fail because they don’t study and learn. It’s easiest to learn from others’ successes and failures. The goal is to become self sufficient and not follow anyone but you need to learn how to do that. It doesn’t happen overnight.

So in the early phases study successful people and use the tools to help you succeed. Don’t trade blind. Do the prep work and understand what is going on before jumping into a stock.

I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have questions or comments you can contact me here or on Profitly, Twitter, Instagram, LinkedIn and Facebook.

Working on my book  to be released this spring of 2017 available on Amazon and major retailers in 159 different countries. Sign up here for updates about when and where to preorder.

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room.

For my charting and level 2 I use Equityfeed.

This blog is for information purposes I am not a registered securities broker-dealer or an investment adviser. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.

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8 thoughts on “How to find winning stocks to trade like $EGLE $CCCR and $VNDA

  1. Hi Jane, thanks for sharing! Just discovered your blog, although I have seen your name in Tims tweets etc. so excited to have a female trader to learn from . Just started studying this summer. But I am s mom if 2 (5&7 yo) and I work as a social worker & a doula , so it’s not moving as quickly as I would like. Congrats on baby # 2! Hang in there with the testing & the nausea.

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  2. Jane – we have chatted before here and on Twitter,
    I have been studying hard for a good 6 months trying demos, Tim Sykes dvd’s from Ebay and lots of Youtubes from every source I have seen you write about and I believe many more. I broke even trading TBond futures in 1999. I learned to read charts and patterns then for sure. Have a TD Ameritrade account but have not made a trade since opening small account in June. Plan to open a Interactive Brokers account after Labor Day…The hope is to pull the trade trigger when my business becomes slow on Cape Cod to build a 25k account. I have fallen in love with Trade Ideas and tune in daily although I only can barely follow Barrie. I will jump on board after labor Day with them and they seem to be building a big base of subscribers, I tried Equity feed and let them go. Level two I understand but can not see anyones value until I actually trade. I did however take on a year for TC2000 charting and lover it. Has some good scanning I am contemplating Jason Bond or Cameron Fous for maybe a 1/4 year trial when ready to trade. Former Tim Sykes proteges. What do you think?

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  3. Inspire much? I’ve watched you on Twitter for a while now and have to say… you are absolutely an inspiration to newbies like me. Watching your growth and knowing that some success can be mine and turn my life around inside a year is exciting to say the least. Thank you for your tweets and blog post my dear and congratulations!

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  4. Got any favourite TI scan settings to share? You’re right, it is s bit overwhelming at first. I’m still getting my head around it.

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  5. Señora Gallina usted hace mucha publicidad de servicios de terceras personas, usted se tiene que centrar en el day trading,

    Ea.

    2016-08-28 3:52 GMT+02:00 SEE JANE TRADE :

    > jhgallina posted: “As we approach September 1st, the beginning of my > intensive studying of the market, I think back to the questions I had just > starting out. One of the biggest questions was how do I find these stocks > to trade. Sure I had studied Tim’s DVDs and the theory b” >

    Like

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