Learning whether a stock is a good buy or not is actually the easiest part of stock trading; whereas, much of the time trading is spent going through loads of stocks, charts, and other news just to find stocks to eventually analyze. All time consuming.
Eventually traders will gain some sort of plan or “to-do” list that will make a stock search that much easier – a popular method being stock scans.
A stock scan is what it sounds like: based on criteria the trader inputs a list of stocks that meet those needs will be generated. While this all sounds fun and easy, obviously the hard part is trying to put together a list of criteria that you would like to see in a stock to consider it a buy.
You could always use something like Finviz.com to conduct your stock scans, but, again, this requires that you know the exact inputs you need to create a list of good stock buys. What most of you are probably looking for are scans that will tell you whether to be long, short, or out of the stock.
Sound interesting? Check out the video below that shows you a fun little way on how to use MarketClub’s smart scan technology to get your stock searching done within mere minutes.
Watch video – How to use smart scan technology.
