Stock scanners are one of the most important tools that I use as a trader. Over the years I have developed a suite of scanners that can identify stocks in real-time that meet my criteria for my Momentum Day Trading Strategy. All of this experience led to the release of Warrior Trading’s customized Stock Scanners in 2020. Today, these scanners have become a featured product in our offering for active traders.
I have spent a tremendous amount of time customizing my high of day (HOD) momentum scanner. The HOD scanner is my strongest scanner and it’s the one that gives me some of my biggest winners.
Warrior Trading’s Stock Scanners are the product of years of trading experience and fine tuning. This essential tool includes OVER 20 unique scanners and is a benefit of our trading tools subscriptions.
These are the tools I use to base 90% of all my trades.
I begin each day by reviewing the Top Gainer scanner to look at the stocks gapping higher (gapping means a stock is trading higher than they closed the previous day). I evaluate price, float, relative volume, and percentage change on the day. If I’m interested based on those metrics alone, I’ll pull up the chart.
As my day progresses, I switch my focus from the Top Gainer scanner to my High of Day Momentum Scanner. This scanner is like radar for stocks moving in real time. I use the audio alerts on this scanner to hear when stock triggers my specific set of criteria for being worthy of consideration.
On this scanner, I look at price, float, relative volume, change on the day, and change in the last few minutes.
As a momentum trader I’m always looking for stocks moving quickly. This scanner is what helps me find those stocks in real-time.
