Power of screeners

Power of Screeners

Utilizing screeners is one of the easiest methods of saving time and increasing efficiency in this game.
I’m going to attach a few images, they are some of the basic screeners I use on Moomoo.
I have 5 set up and ready to go at all times. We have most selective to least selective arranged from top to bottom.

PLEASE NOTE: ALL NUMBERS AND TICKERS ARE FROM TIME OF WRITING AND NON-MARKET HOURS. THESE TICKERS MIGHT MEAN NOTHING BY THE TIME YOU READ THIS.

Starting from the BOTTOM.

BASIC
The basic penny screen takes me from 9000+ possibilities down to around 1000. I use this to get a general scan of the market, paying special attention to any tickers I already have in my watchlists. Next I’m trying to piece together the chatter I’ve read/heard and match it with the tickers and industries I actually see.
I also use this screener to notice moves on a macro level. If I quickly see 3+ NFT tickers, oil, renewable, whatever I’ll know something is up. This is how we catch broad sympathy plays.
It is very broad in terms of selectivity.

Penny Screener
That’s exactly what it sounds like. Very focused. It took me from 9k possibilities to 20.

More selective penny
Next level up from the penny screener. I’m down to 13.

Nano Floats
This one is the tricky one. This one is also the most important as far as I’m concerned.  As you guys do this longer and review the trades you make, you are going to notice market trends and temporary patterns.

Here is what I mean: Almost inevitably traders find some sort of REPEATABLE conditions that result in a positive ratio of successful trades. Whatever trick/conditions/set-up the trader found will keep working for days, weeks, months at a time until suddenly it just stops working.
A lot of traders end up quitting here because they keep trying the same thing over and over.
The market changed. It happens. I promise whatever set-up you found will end up working again eventually.
For long periods of time I’ll find that what I call the “1.00 breakout” is continuously profitable. I look for tickers gapping near 0.85 and then ride the momentum to the first test of 1.00. Almost without fail we would break 1.00 and hit 1.10, 1.25 and often 1.50+ in a single morning.
Sometimes I find the overnight hold into next day runner to be the way. This too usually works for me for a few weeks or months and then crashes. Last spring I managed to catch a 100% runner almost 3 weeks straight with this method. Then it absolutely failed on me and the set up just stopped working.
I’ll often find the 5-day gainers are actually slow grinders that nobody notices on the daily gainer lists. This is when I scalp industries vice individual tickers. Same thing, it works until it stops working.

Right now we’re back in the Nanofloat supernova realm. This is my personal favorite. I promise though, eventually the nano floats will stop pushing with the intensity they are now. Trader sentiment will shift to something else, and that’s cool too!

The point is this particular screener is a variable one for me. I set it up as I notice the market moving. In a week it will probably look a ton different.

STOCKSCALPERS SCREEN

This one is the most specific. 6 tickers from 9k. I’ll tweak whatever I’ve decided the current method is in the previous tier.

Look at your screeners and watchlists like a sales pipeline. Every time you make a successful trade and lock profits you need to find not one but TWO (at the very least) viable tickers to replace that one. If you’re moving one for one the math simply cant add up to a profitable trading routine. Not unless you are 100% accurate in ticker selection.
I’m not.
You’re not.
Nobody is.
My rule of thumb is to find three new viable trades for each trade I complete.  They don’t all need to be winners, that isn’t what I’m looking for. Picking a ticker even at absolute random leaves you three possibilities:

1) the ticker trades horizontal.
2) the ticker price action goes up.
3) The ticker price action goes down.

If I maintain a consistent risk management strategy I can live with that! I lose my acceptable amount on one ticker, trade flat on one and go up on one. That’s not a terrible day.
I can have a GREAT day if I can get two positive movers in that three ticker idea above. The screeners allow me to best increase my probability.
The best way to increase profitability is to increase probability.

The following is a re-post from the Independence-day post. Only the section of screeners.
Moomoo offers an AMAZING screener. Save yourself time and set up your screener before the market opens. Here’s what to watch for when you set it up:

Market Capitalization
This is a measure of the size of a company. It can be calculated by multiplying the current share price by the shares outstanding. This is a no brainer, a small company can grow exponentially faster than a large one. Small companies can double or triple their sales in a year, larger companies simply don’t grow that fast.

I like to scan for companies under 300M AND scan for companies under 50M (Nano setting)

Price
This is simply to filter out stocks above or below a certain price. I generally scan for stocks less than $10 and also less than $5. Set this to whatever value fits your style of trading.

Beta
Beta is a measure of the volatility within a given ticker. That is to say it is a comparison of how much a given stock’s price moves as compared to the overall market.

Beta < 1 means the stock is LESS volatile than the market.
Beta = 1 means the stock moves WITH the market.

Beta > 1 means the stock is MORE volatile.

This means a stock with a beta of 1.5 is 50% more volatile than the overall market. This is about the sweet spot I like. Feel free to experiment, it's your trade after all! I use a higher beta because I want to find stocks that will really move, it doesn't do any good to trade a flat stock.

Note: the beta changes every day.

Debt/Equity
This one is pretty simple. The lower the debt to equity ratio the less debt and more cash a company has. Companies with lots of cash are run well and have an ADVANTAGE. Companies with a lot of cash can buy other companies, support R&D and anything else they want to do.

Volume
You can choose here between average and current volume. I like to filter by current volume, because I want to see where the money is! It does zero good to find a stock, find a good position and then find out nobody wants to buy when you’re ready to sell. I generally set the volume to greater than 400 or 500k. Average volume is also important, because you don’t want to get caught in a pump and dump. Some companies will hire promoters to bring volume influxes, so it is important to distinguish an opportunity from a scam.