This episode of the podcast is brought to you by anchor anchor is the easiest way to make a podcast. Now, let me explain. So first off it's free. Now. There are podcast services that charge upwards of you know, twenty Thirty forty dollars per month and anchors completely free. There's a creation tool that lets you edit record rate from your phone or your computer. So if you're on the go you can take everything pretty much with you also anchorDistribute your podcast so it can be heard on Apple Spotify pretty much any any platform out there. So really guys, it's everything you need to make a podcast all in one place completely free hassle-free. It's very simple. So go download the free anchor app or go to Anchor dot. F m-- to get started. Let's jump into the podcast. What is going up everybody? I I hope you guys are all killing it. Today. We're going to be talking about how to find stocks to trade. This is honestly one of the most important things that you can you know, you can do for day trading or swing trading or even just investing, you know, so how to find stocks to trade you know you Cannot make any money. If you don't have the right stocks, you can have the best tools platforms and even the honestly maybe the best strategy, but if you don't know how to find the right stocks, you will lose money 100% of the time many, you know, many beginner Traders think you can just trade any old stocks and just make money. Well that is not the case, you know. There is key features that Traders used to find the best stocks to trade one of the most common sayings in the trading world is trade trade the best leave the rest meaning just look for those high quality trades. Just look for the good setups. Just look for the best stocks that meet your, you know, criteria and your strategy, you know, don't trade stocks that are just moving sideways you The trend is your friend, you know, you know another thing is as Traders. We have to be very efficient with time management because if you're watching the wrong stocks, you're missing out on an opportunity somewhere else in the market, you know, there are there are many ways in different types of ways to find stocks in play and also many different ways to trade them, you know. No, some Traders only exchange exchange only trade ETFs or exchange-traded funds on also some people trade hot sectors like oil Tech gold on. They pretty much just find a strategy that works well for them and they execute stocks on it, you know, it's very very easy. So many hot hot stocks offer great risk. Reward set up opportunities. These stocks have a lot of volume because as you guys know for you know for day trading the vote, we're volume Hunters. We searched the market for volume looking for stocks with volume because volume, you know has so many key factors. It creates a price movement. It creates volatility. It creates everything so These stocks that have you know, a lot of volume will often have have a downside and a downside of like 10 cents and upside of 30. So that's like a 1-2-3 risk to reward to reward. I can't even talk eyes ratio. These hot stocks have predictable moves and Traders try to just Scout part of it. So the stock that saves running up a hundred or two hundred percent. They're not going to Try to capture that full move just because it's going to be super risky. So they're going to try to scalp, you know, five to ten percent five to 10% each each trade and just really just execute off those. You know, they're not going to be going for huge 45% moves, you know, some some Traders only just you know, there's ETF Traders their their accounts are often pretty often pretty big so they will buy that's a like 10,000. Shares of a stock and it will go up that's a 25 cents or a dollar and they make like 10 10 grand 5 grand something like that. Another thing is large cap Traders trade like, you know large caps large caps are companies that are worth hundreds of millions of dollars. Like, you know, Apple Facebook Tesla what else you know companies like that like Netflix and they're more expensive so Of to really capitalize on sure sighs they have to have like two hundred thousand dollars in their account. And when the stock goes up like $2 it they make a lot of money. The thing about large cap is they have a little more predictable price movements, but it's just more difficult to get in meaning, you know, if that's a you have a thousand dollars then you want to buy that's a company for only for only a hundred bucks. So you buy 10 shares you probably really beyond the only to be able to buy like nine because it commission so you buy nine shares it goes up. That's a five bucks 9 times 5 is 45 you make $45 after commission you make that say commission's $5 you make 35 bucks and that's considered a good trade. It's just it's why a lot of people go to it is because it's more predictable but a reason why a lot of people stay away, Is because it's too it's very expensive. But anyway, so these stocks that have a lot of volume I kind of got off topic for quick sec will have a downside, you know to 10 cents and upside to 30 cents. So you're buying you know, the thousand shares you're risking a hundred dollars to make 300 just to break that down a little easier so you You so owe most days. I like to find roughly like three to four stalks each day during pre market that I see high risk to reward ratio. So stocks that are gapping up more than 4% have some sort of news or some sort of catalyst is always good stocks low float. So anything under that's a five million. In is pretty go to that has high relative volume and high volume, you know, it looks like it's starting to look good. But so, you know each morning. I searched pre-market Gaffers these Gaffers have volume and some type of fundamental catalysts. Like I was saying something like news earnings report or like FDA approval. Just pretty much just pretty much anything any sort of news. But one thing you guys got to be careful of is when a stocks up like that's a 40% It does have downside potential just because it's gapping up so much so often it will kind of dip down and then rally but if it dips down I kind of just stay out of it just because but right out of the open if it starts moving up pretty quick I can get at roughly like this. Pre market highs and maybe get a 10 or 15 cents off that trade. So that's what I do and if that's say there's no pre-market Gaffers that are looking good. Like even today we the biggest Gap or was like eleven percent that looks somewhat interesting. So, you know really and these types of days. I don't I try to stay away from those pre-market gabbers. So I look for I put up my trade idea scanner, which you guys can find it on YouTube YouTube, you know, you too. / Carter far so I have two types of scanners. I had the volume scanner which scans all of the stocks and hat if that's a stock has a sudden one minute or five minute volume surge. I'll get notified. It's called the breaking out on volume scanner. Also, I have the high of day scanner because when a stock starts running it's going to hit that it's going to hit a high of day. And I have it all filtered. So it's like low float, which is for those of you that don't know what float is float is like how many shares the company's offering? So if that's a they offer a hundred million shares their floats a hundred million, it's really simple. So if that's a they have low flow, which is like five mil have like 5 million. Well, I'll get all notified. So like today if you guys are watching this today, or even tomorrow you guys can look up. It was the hot stock today BL + K made a good move. I got in at 272 and sold at 282. So it's just a 10 cent move but the risk to reward was you know 3 2 1 I wrist risked, you know one sense to make three and so on and so on but yeah, so that's what I that's what I normally do is I look look for just stocks with high volumes. Stuff like that. So, you know, that's pretty much how I find stock. So after day another very important thing as Traders we want to be we want to be very involved with news because if that's say like today the as you know as SNP or the SP y ticker symbol sui, excuse me that gap down and if you guys would have Paid attention it was because of the China something with China trade the trades. They said we're years away. So it brought the market down and it took two minutes for it to affect the market. But if you would have been listening to the article on CNBC you could have got in actually made a lot of money off that off that move. But yeah, so that's how I find stocks guys, you know, just pay attention to the news have your scanners up and going And then it's just some stock criteria that I look for low float anything under 15 million some sort of fundamental Catalyst news earnings FDA approval or disapproval price. My go-to is three to six dollars, and then just above average volume is good. So, that's it though. I hope you guys enjoyed this little podcast. If you did, please subscribe to wherever you listen to podcast and if you're really Groove and you guys can leave me. A small donation. I'll greatly appreciate it. So that's it. They'll take care of him. Peace out.
You can not make any money if you don't trade the right stocks. You could have the best tools, platforms and strategy. If you don't know how to find the right stocks you will lose money 100% of the time. Many beginner traders think you can just trade any stocks and make money. There are key features that traders use to find the best stocks. “Trade the best, leave the rest” Is a common saying in the trading world. It means trading a stock that doesn't move is time and money wasted. As traders we have to be very efficient with time management because if you watching the wrong stocks you are missing out on a opportunity somewhere else in the market. There are many different type of ways to find stocks in play and also many different ways to trade them. Some traders only trade exchange-traded funds only. Also people will only trade hot sector like Oil, Tech or Gold. They find a strategy that works well for them and they only trade what they know. Many hot stocks offer a great risk/reward setup opportunities. These stocks have a lot of volume and you will often find stocks with a downside of 10 cents and a upside of 30 cents, thats a 1:3 risk to reward ratio. These hot stocks have predictable moves, traders try to scalp part of a trade that is more predictable. Most days I will find four stocks that I like premarket that I see a high risk to reward. Each morning I search for the pre-market gappers, these are the stocks that have volume and some time of fundamental catalyst such as news, earnings or FDA approval. Now not all stocks that have news will move the way you want them to move. When the stock is up 40% pre-market it has downside potential but if it is a low float stock with high volume, it could push to 50% or even 100%. Each day, there different stocks that are hot and find momentum. As day traders we are hunters of volume, stocks that have volume have more predictable price actions. During the day I have many scanners running that are filtering out stocks that meet my criteria. My main scanner is the “Breaking out on Volume Scanner” this filters out stocks that have low volume during that time, so if a stock suddenly gets a ton of volume I will get notified. Stock Criteria Now as you learn more about stocks you will learn what types of stocks make the best moves and are more predictable. This is what I look for:    Low float (Under 15 Million)   Fundamental catalyst (News, Earning or FDA approval- disapproval   Price $3-$6   Above average volume    ---   This episode is sponsored by  · Anchor: The easiest way to make a podcast. 