There’s an interesting discussion on the use of real-time scanners that got my attention. The post appears on Uglychart‘s blog (a good, well written blog with an entertaining edge to it). The post and several comments stress the usefulness of real-time scanners for generating ideas but offer the caveat that it’s the number of ideas generated that lead them to frustration.

I make the following point (in a nutshell):

Scanners are built to filter and discriminate. Be audaciously selective with the ideas that come from your scanner.

If you use Trade-Ideas this means tighten up the alert-specific filters as well as the window specific filters.

Here is the post and its comments.