How to Build an INSANE Premarket Stock WATCHLIST (Feb 2021 update - This is no longer FREE)
Vložit
- čas přidán 25. 07. 2024
- How to Build an INSANE Premarket Stock WATCHLIST
(Feb 2021 update - There is no longer a FREE version of this tool available)
In this video, I share what I believe is the easiest way to create a stock watchlist before the market open.
This will GUARANTEE you are in the stocks that have institutional interest and the attention of other traders.
#CommissionsEarned
Links are affiliate links that help the channel at no cost to you.
Must Have Trading Books
Market Wizards amzn.to/3MrO895
The Playbook amzn.to/3K5XaFS
Trading to Win amzn.to/3m0d0cZ
The Way of the Turtle amzn.to/3TYYi2B
Trading for a Living amzn.to/3K35C8O
My Trading Desktop Setup
Lenovo IdeaCentre T540 amzn.to/3zpZJh1
Video Card GTX 1660 amzn.to/40xi87n
Monitors amzn.to/3JXqe2a
Desk amzn.to/3m0oRb6
Gear I use for filming videos
Mic amzn.to/3ny0u4N
Webcam amzn.to/3MhNSsO
Topics include:
1. "In Play" Stocks
2. RVOL (Relative Volume) and why it is so important
3. Gap Ups and Gap Downs +/- 3% or more with increased premarket volume
RESOURCES & LINKS
Trade Ideas Web Login - www.trade-ideas.com (select 'TI for the Web')
HONEST REVIEW FIDELITY | TRADING AND INVESTING
• Honest Review Fidelity...
TD AMERITRADE VS FIDELITY | thinkorswim DISADVANTAGE - LEVEL 2 QUOTES
• TD Ameritrade vs Fidel...
FIDELITY | FAST TRADES - ENTRY AND EXECUTION
• Fidelity | Fast Trades...
FIDELITY | ACTIVE TRADER PRO - DAY TRADING SETUP
• Fidelity | Active Trad...
FIDELITY | TRADE ARMOR - TUTORIAL & REVIEW
• Fidelity | Trade Armor...
![[LIVE] Scalping Stocks | How to Get Good Prices](http://i.ytimg.com/vi/8EoTtAbF3kI/mqdefault.jpg)
![[LIVE] Scalping Stocks | How to Get Good Prices](/img/tr.png)
![[LIVE] Day Trading - How Could I Have Done Better?](http://i.ytimg.com/vi/rHQw7pnMspE/mqdefault.jpg)
Great Info thank you I will definitely start playing around with this.
Wish you were still putting these out I'm learning so much Thanks for the info
Thank you for the introduction!!
Great video thanks.
Good stuff! Thanks!
Thank you for this Kent. I will check out Trade Ideas.
Self-sufficiency should be part everyone's long-term goals. 📈
trade-ideas.com is definitely an asset for premarket analysis. I'm looking forward to learning how best to navigate it. This video is very helpful.
Thanks for the information.
Hi KJ Effect,
Thanks for checking out the channel. I hope it was helpful.
Do you use Relative Volume everyday to decide what you’re gonna trade ? Or only some days ?
Thanks so much.
Hi Jessie,
Thanks for checking out the channel!
I use market chameleon but they don’t have relative volume. It seems very useful. Great vid!
Hi Ez
,
Market Chameleon looks really good. Thanks for the support!
Hi Kent, Please let us know when you find a screener with relative volume. I am researching one myself too and will keep you posted if I find something
Thanks TB! I will let you know.
Great video. Thank you. What are your thoughts on Dark Pool prints? I’ve been slowly learning about SPY prints and trading with institutions.
Hi tchristopher02,
I think it's a good angle to explore if you have reliable info, but I figure all the Level2 algos shift as soon as soon something appears anyways. For me, the best trades (or scalp trades) are the ones that go your way almost immediately. For everything else, I am ready to get out within minutes.
Great scanning info.
Thanks Jin!
Great vid.
Thanks John! I appreciate the support.
Oh wow... i haven't checked it in a long time. Seeing here now that there's no free version anymore. Bummer 😞 But thanks for the update in the title and the description!!!
Hi Ori,
Yeah, it is pretty disappointing. I've learned towards tradingview for alerts, scans, and filters. Good Luck!
Seeing trade ideas is no longer has a free version is there an alternative that we can use? Love the channel I also use fidelity and i've learned alot. keep up the good work.
Hi Rico,
I'm looking into alternatives. They changed their site about two weeks ago. I have screen captures that show the free version still available, and I could access with my previous "free" account by logging in with gmail on a previous version of the desktop app. I updated the app, and now, I cannot login either. I'll let you know when I find something good enough. Thanks for the support!
Are you trading with options on Fidelity? A tutorial on that would be great if you do.
Unfortunately, I don't have options enabled on any of my accounts. I'm familiar with them, but I haven't traded them in recent years. There has been a more than few requests. I should probably work on this.
I made 8% in less than a minute, on JE today, using what I learned in this video. Great content on this channel!
Great job! Thanks for the support 😊.
Did they stop offering a free web version? I can’t seem to get access anymore.
@@stiegelmanfamilyfarm1813 I'm sorry. It was available until late February, and then they made a change to the website and the app. I updated the title of this video to mention it was no longer free then. I am searching for alternatives. I will let you know if/when I find something comparable.
Whoaaaaa, super cool.
😃 Thanks for the support!!
This look very similar to Fidelity's Stock Screener. I don't think they have relative volume, but do have high volume settings.
Hi kool2btrue
, Thanks for supporting the channel. I agree. There are some good options with the stock screeners and the filters in Active Trader Pro.
Not sure if its what you are looking for but under premarket movers ---strategies ---relative volume
Thanks Alvin! I'll take a look.
I have the Trade Ideas paid subscription . The RVOL (Relative Volume) does not seem to be updated pre-market. Only thing you can see is a % i.e how much % of the total volume it is trading
Thanks for sharing this. I thought I was missing out. Do you think it is the % of the average volume for the stock? I'm not sure I understand exactly what they're giving you, but I feel better knowing that RVOL is not available pre-market even in trade-ideas. I just figured it was one of the things they withheld from the free version.
@@ThinkTradeProfit Yeah I think its % of the average volume for the stock yday or 5 day avg volume or something like that
I got it but how and what gappers do u buy ? Do you buy in dip to go long? What u look for in chart to make profit?
Hi Vim9654 Mitt
,
One of the things I do after finding gappers that fit my price range (I like stocks over $20) is to look at their 1 Hour and Daily charts. I will look for areas of support and resistance. I will Buy stocks that Gap up, and are still in their pre-market range, and do not have a resistance area from the 1 Hour and 1 Day charts nearby. I will also sometimes Buy stocks that have gapped down, with a nearby 1 Hour or 1 Day resistance area close to the opening price. These (going against the trend/gap direction) are usually very quick scalps. Then I do the opposite for Short Trades, find gap downs with no support nearby on the higher timeframe charts. Also sometimes shorting gap ups into a major area of resistance from higher timeframes for quick scalp.
Thanks Kent, great info. I noticed on your 1 min chart you use a 'line' instead of a candlestick? Also is the ATR your only indicator whether using the 1 minute, 10 minute, etc. ? Thanks again..
Hey Steven, I used the 'line' setting for those small "thumbnail" size charts because I think it's easier to read. It's a premarket layout, but my main chart (the largest) I prefer candlesticks. I use the ATR on my 1 minute chart only. It gives me an idea of how large a stoploss I should keep (or if I should size down). It's a ATR(14), so 14 period on 1 minute adjusts as we get past the open and the ATR usually shrinks a bit, then I can hopefully shrink my stoploss (or trade larger positions). I have a 50 EMA on my charts as well. I use it for a "trend" reminder. A larger candle cross above or below the 50 EMA puts me on alert and is usually a strong signal for a change in trend (in my perspective).
@@ThinkTradeProfit Ahh i see thanks for the info, btw as a new day trader should I be concerned about tax loss "wash trades"? I noticed i'm getting quite a few 'W''s in my closed position list? Still a little negative year to date (P & L), although Netflix was kind today. Appreciate all the advice Kent
@@steveng8727 It's not a problem as long you don't intend to take a long term position in a stock you recently daytraded with a loss into the next year. I have tons of wash sales because I trade the same stocks (and I also did last year). The wash sales 'loss' just carries into the cost basis for the next time you trade the stock. Be flat at the end of the year for stocks you have a wash sale loss and have traded in the past 30 days (when you're at the end of December of this year). Fidelity will have records of all of them on your 1009-B. I used H&R Block last year and everything imported nicely with no work for me.
@@ThinkTradeProfit Sounds good, yep i also use HR Block so will remember the 'wash' situation end of Nov. , btw i changed my 1 min chart to 50 EMA, but was thinking to use 9 SMA on my longer charts like 5, 15, 30, 60 for 'trend' reminder, make sense?
@@steveng8727 It's a matter of preference really. The 9-period Simple Moving average is going to adjust more quickly (because it's only an average of the last nine 5 min, 15 min, 30 min, and 60 min periods... etc.) It really depends on what looks right to you with the stocks you trade. Ideally, you should be able to find some bounces off whatever SMA you apply. Apply the 9 to NFLX on a day besides today and see how it looks. It might be too fast and choppy for a trend reminder.
what do you mean by relative volume?
I use something in TOS, it would should me right below the graph, if the stock is trading at 50% , 100 or even a 1000, then it changes colors, also chows volume of the current bar and the average of the last 30 bars. i could apple it to as much charts I want as once, viewing them all at the same time.
Hi Jamie, I'll direct you to a SMB blog post that explains it better than I would. www.smbtraining.com/blog/relative-volume-rvol-defined-and-how-we-use-it Thanks for checking out the channel.
@@ThinkTradeProfit
czcams.com/video/KRccyQrZ8Ms/video.html
link above is what I use
I read your post, thank you.
Very helpful.
@@Jamie-jz1ud Thanks! That looks good. I'll take a look.
Any adjustments recommended for your remarket prep since posting video in August? Thx
Hi G Krazarian,
I am looking for an alternative for this as it is no longer offered with a free version. I'll let you know when I find something worthy.
@@ThinkTradeProfit thx Kent! I feel like an idiot for just now taking the time to really learn the game is played. Really appreciate you taking time to put these together, on a mission to watch em all! Cheers and appreciate it
G
How did you get vwap setup in fidelity?🙏
When you're in Active Trader Pro, go to your underlying, watch lists, or whichever window you want to add it to. Click on the 'manage' tab in the upper right corner of the window, then choose 'add and remove columns.' You will see it on the list below. Fyi, it isn't available to use as an indicator on charts yet, but probably will be in the future.
Do you know if there’s some kind of filter where I can see the relative volume but only for optionable stocks? Or stocks that have a liquid option market ?
You could add some of these filters to a one of the already created 'Top List' windows that have the RVOL column. imgur.com/C29J3CN You could also familiarize yourself with some large cap stocks (FB, APPLE, MSFT, C, etc.) and check them daily for higher than average volume. All the bigger stocks have good options volume usually.
@@ThinkTradeProfit thanks man
@@ThinkTradeProfit Also, I didn’t understand fully, in the free version I can see the relative volume only at market open and in the paid one I can see it for premarket ?
@@trendaddict617 A little further down in the Comments from rawtrades (1 month ago) "I have the Trade Ideas paid subscription . The RVOL (Relative Volume) does not seem to be updated pre-market. Only thing you can see is a % i.e how much % of the total volume it is trading" "I think its % of the average volume for the stock yday or 5 day avg volume or something like that" That is the most I know.
How do you get VWAP on ATP?
Hi
DonknDave,
VWAP is only available inside Watchlists and the Positions window. Select 'Manage', then 'Add and Remove Columns', scroll down. Select VWAP. imgur.com/BfGTQ1I imgur.com/5VdiqRG I use a free account at tradingview.com for VWAP on a chart in a browser on the side. imgur.com/bJU327I
So to get relative volume in Trade Ideas you have to pay right
You get RVOL after the market open with the time delay for free. Having it premarket would be a little nicer.
Think Trade Profit Can you explain to me why do you think Relative volume works more on lower priced stocks that on large cap stocks, or does it work too on stocks like AAPL, BABA, etc?
@@trendaddict617 Higher relative volume is a good indication that there is unusual institutional involvement on ANY stock. I like trading large caps all the time, because they move so much. For small stocks, high RVOL makes them much more attractive than when they are trading their normal (sometimes smaller) volume.
how do you know if that stock is Easy to Borrow stock on the Fidelity?
Hi
Vinayak Dixit
,
Easiest way is to go into Active Trade Pro in the Directed Trade window (from the main nav, select Trade & Orders > Directed Trade & Extended Hours) then start to enter a Sell Short with the symbol. A little tooltip will appear and show how much is available to short, or it may say Hard to Borrow and mention the interest rate, or it may say Call Fidelity.
imgur.com/GKu40Ow imgur.com/Mivr2G4
@@ThinkTradeProfit thanks a lot for your reply and keeping up with great videos on your channel.
So glad I stumbled onto your channel. I’ve been using FTP for over 10 years and I still learned new things from you. Could you just let us know where the VWAP configuration is. Please and ty.
Thanks for the support Babak! VWAP is only available inside watchlists. Select 'Manage', then 'Add and Remove Columns', scroll down. Select VWAP. imgur.com/BfGTQ1I imgur.com/5VdiqRG I have a free account at tradingview.com for VWAP on a chart in the browser on the side. imgur.com/bJU327I
Thank you.
@@ThinkTradeProfit VWAP is also available under the Positions window. Select 'Manage', then 'Add and Remove Columns', scroll down. Select VWAP.
@@ThinkTradeProfit ty
@@Robls501510 ty
anyone having trouble finding the free version of trade ideas?
Hi Magic Conch,
I'm sorry. It was available until late February, and then they made a change to the website and the app. I updated the title of this video to mention it was no longer free then. I am searching for alternatives. I will let you know if/when I find something comparable.
Do you ever go long on down gappers?
Hi Jin,
Yes, I do. If I check the daily (or hourly) chart, and it seems it is near an area of previous support, I will try some longs. Sometimes the market makers take "surprise news" gappers super low quickly after the open. Below where they know there has been buying interest in the past. Just be wary if the stock hasn't made a move upwards from the lows by 10:30 ET. After then, I would give up on the 'long' idea.
@@ThinkTradeProfit Oh I'm definitely going to keep that in mind. Thanks for the reply :)
Any free alternatives? Here in March 2021
Hi S. Lee,
I'm sorry. It was available until about a month ago, and then they made a change to the website and the app. I am searching for alternatives. I will let you know if/when I find something comparable.
@@ThinkTradeProfit Sir Profit, gratitude!
Will Trading View now replace Trading Ideas ?
Hi Sudip,
I don't think so. I use tradingview.com for charts, indicators, and scripts that I cannot find anywhere else. www.trade-ideas.com/ is very configurable so that I can create my own lists, based on my own filters, for different types of ideas and watchlists.
@@ThinkTradeProfit The reason I asked was because trade-ideas now does not have any free account. Its has to be paid service
@@centurez My free account still works. I used a gmail signup and downloaded their desktop app. I also see it offered here (at bottom of page) - www.trade-ideas.com/pricing/ imgur.com/Qd8aIwG
@@ThinkTradeProfit Made a request for access hopefully will get something back so far nothing
Got Access - How does Fidelity Allow VWAP configuration ?
Schwab gives you same data
Looks like they no longer have the demo
Hi Jim,
I'm sorry. It was available until about two weeks ago, and then they made a change to the website and the app. I am searching for alternatives. I will let you know if/when I find something comparable.
2:58 that is not an option anymore
Hi Dannie,
You are right. I updated the title and the description of this video months ago. The free option is no longer available. I'll let you know when I find something comparable that I am truly excited about.