Crafting Killer Swing Trading Scans with Trade Ideas

 Crafting Killer Swing Trading Scans with Trade Ideas

By Andy Lindloff

As a dedicated swing trader always hunting for the most promising setups, having the right tools to spot opportunities quickly sets you apart from the crowd. Trade Ideas offers a game-changing solution through its highly customizable scanning capabilities, enabling traders to zero in on stocks primed for explosive moves. In this blog post, we’ll dive deep into constructing these potent scans step by step.

It all begins with a lightbulb moment – recognizing the critical characteristics of your best trading setups. Maybe it’s a stock that consistently rewards you or a chart pattern that frequently delivers. Trade Ideas’ “Stocks Like This” feature lets you dissect the DNA of these winners.

Let’s say you crushed it with a trade-in AMD and want to find more setups in that same vein. Simply enter AMD’s symbol, dial in the specific date and time, capture the setup conditions, and voila! Trade Ideas reveals every filter the stock satisfied at that moment – from its price position within moving averages to its relative placement in recent trading ranges. These filters form the building blocks of your custom scan. 

With your core filters identified, it’s time to construct a tailored scan in Trade Ideas to hunt down stocks mirroring your ideal criteria. The platform’s intuitive interface makes it a breeze to stack these filters, creating a potent recipe for locating your next potential trade.

For example, to find stocks poised for a breakout, you might filter for those trading above their 20, 50, and 200-day moving averages but still within striking distance of their 10-day average. Add in criteria for stocks hovering in the upper echelon of their recent trading ranges, and suddenly, you’ve got a curated list of tickers flashing on your radar.

One of the most significant advantages Trade Ideas offers over other scanning platforms is its accurate real-time data. While many “scanners” force you to refresh for updated results manually, Trade Ideas continuously scans the market throughout the trading day, dynamically populating your window with fresh tickers every few seconds.

This real-time edge ensures you take advantage of every opportunity and empowers you to quickly capitalize on emerging setups before other traders even catch wind of them. It’s like having a personal stock detective constantly scouring the market on your behalf.

Putting Your Scans to the Test

Of course, the proof is in the profits. Yesterday, this custom swing trading scan flagged AMD as a prime candidate, with the stock perfectly positioned for an explosive move. Fast forward to today, and AMD crushed it, delivering a hefty gain for savvy traders who followed the scan’s lead.

The beauty of Trade Ideas is that once you’ve dialed in your scan criteria, you can sit back and let the platform do the heavy lifting day after day. Simply set aside some quality time each morning to review the stocks populating your scanner, dive into the charts of the most compelling tickers, and plan your trades accordingly. By focusing your energy on only the most promising setups, you can trade smarter, not harder.

With Trade Ideas’ robust scanning capabilities ready at your fingertips, you hold the key to identifying high-probability trading opportunities in any market condition. By leveraging the power of real-time data and custom filters tailored to your unique strategy, you can elevate your swing trading game to the next level.

So whether you’re a seasoned pro or just starting out on your trading journey, Trade Ideas offers an indispensable tool for finding your next big winner. Take the time to craft your perfect scan, trust the process, and watch your trading thrive.