You need to be trading the right stocks to have successful trades — it just makes sense.
You want to join a trend, not fight it. But to trade the right stocks…
First, you need to find them.
StocksToTrade has the best tools to find the hottest stocks — built-in screeners, scans, and of course — the Oracle algorithm that spits out 20 of the most potentially volatile stocks of the day.
But our platform also has another tool that a lot of people don't know about or take advantage of.
So today I'm breaking it down for you…
Where you can find it, how to use it, and what it all means.
Plus, I'll show you how it can help you find some hot potential trades, the overall market sentiment, and which priced stocks to focus on…
It can even help you decide whether you can have better odds going long or short on any given day.
It can give you a list of stocks that are making important moves intraday. But it can also show you what's happening over a longer time frame and show you the overall market sentiment based on stock prices.
This in-depth tool has a few different aspects, so let me break down what it all means…
First, let's look at the columns in the high low ticker…
The green column on the right shows a list of stocks making new daily highs. The red column on the left shows stocks that are making new daily lows.
This gives you a great look at stocks on an intraday level. So it's great for day trading.
Beside the ticker, you see the latest high or low price of the stock. The number in the count column shows you the number of times the stock made a new high that day.
This can give you a good idea of the best bullish or bearish stocks of the day.
I took the above screenshot about an hour after the market opened on Wednesday. At the time the Dow was up roughly 350 points, the Nasdaq was up 117 and the S&P was up 40 points.
You can see that Sintx Technologies, Inc. (NASDAQ: SINT) was the hottest lower-priced stock at that time — it hit new highs 217 times!
Tesla, Inc. (NASDAQ: TSLA) was the most bearish stock at the time, hitting new lows 282 times.
Now, we can use the high low ticker to give us a more macro view of each stock…
The stocks highlighted in orange are stocks making a new 52-week high on the green side or a 52-week low on the red side.
So this gives you an idea of what's happening in a longer time frame without even looking at the chart.
The three bars at the top of the two columns denote stocks in different price ranges making new highs or lows.
In the above image, the green bars indicate that on Wednesday, most stocks in all ranges were leaning a lot more toward new highs. So this feature can show you an idea of overall market sentiment.
On a slower or red overall market day, you'll likely see the bars on the red side longer as more stocks are hitting lows.
On what I like to call a 'frothy day' you'll see the green bars longer showing market sentiment is bullish with more stocks making new highs.
So where can you find the high low ticker tool?
Click the 'eyeball' on the top left of your StocksToTrade platform, select 'Top Scans,' then select the 'High Low Ticker.'
Once the scan opens in your left side panel, you can extract it to a pop-out window by clicking the box with an arrow on the top right of the scan window.
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*Please note that these kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.
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