Yes, I have 4 scanners exclusively for Finviz. It's super easy to recreate them in Finviz. I'd say it's more difficult the other way around, from Finviz to TradingView. Finviz is definitely more powerful when it comes to screeners.
Hi! Thanks for giving insight into your process. Does your subscription give suggested trade entries, exits, and stop losses? Do you update stop losses if things go up or down? Thanks!
Hi Lunaris! Thanks for your message. Yes, my subscription provides trade entries along with exits and stop losses. I do update my stop losses, but only upward (never downward).
For more details, I recommend checking out the “start here” guide (you will find it in the menu navigation bar), which explains everything my community offers,
This is the reason (it is extracted from the article called “ How to Trade with 4x More Capital Without Using Margin” - I highly recommend you to read it:
To have an efficient trade, the distance from the entry point to the LOD (which will be your Stop Loss) should be a maximum of 50% of the ADR%.
Mathematical Example:
Stock with ADR = 4%.
Distance from entry to LOD = 1.5%.
Calculation: $1.5 / 4 = 37.5\%$.
Verdict: This is a valid trade. You are below the 50% threshold, so the stock still has room to grow without being considered overextended.
Example 1: Valid Trade (Below the 50% threshold)
ADR (Average Volatility):10%
Distance from entry to LOD (Stop Loss):3%
The stock has consumed only 30% of its average daily move to give you an entry point. You have a “stop” protected by the LOD and still have 70% room to maneuver (potential upside) before the stock would become “stretched” for that day.
In this way, you will also have enough space to hold that position overnight in case of an overnight gap. If you are a swing trader, it is very important when holding a position overnight to see that it is already in profit. This increases your confidence in holding that position overnight and decreases the risk.
Example 2: Trade at the Limit (50-60% Threshold)
ADR (Average Daily Range):10%
Distance from entry to LOD (Stop Loss):8%
Here you are at the limit. The stock has already moved quite a bit relative to the day’s low. Your risk (8%) is high compared to how much the stock can normally “run.” If you enter here, you need a very strong catalyst for the stock to beat its average.
based on studies and statistics, the vast majority of price movements occur within the first hour of the market opening.
Hello. do you have similar screeners for Finviz? Thanks
Yes, I have 4 scanners exclusively for Finviz. It's super easy to recreate them in Finviz. I'd say it's more difficult the other way around, from Finviz to TradingView. Finviz is definitely more powerful when it comes to screeners.
Hi! Thanks for giving insight into your process. Does your subscription give suggested trade entries, exits, and stop losses? Do you update stop losses if things go up or down? Thanks!
Hi Lunaris! Thanks for your message. Yes, my subscription provides trade entries along with exits and stop losses. I do update my stop losses, but only upward (never downward).
For more details, I recommend checking out the “start here” guide (you will find it in the menu navigation bar), which explains everything my community offers,
Why this? “I execute 99% of my trades within the first hour of the market open.”
Thanks for the comment Corina.
This is the reason (it is extracted from the article called “ How to Trade with 4x More Capital Without Using Margin” - I highly recommend you to read it:
To have an efficient trade, the distance from the entry point to the LOD (which will be your Stop Loss) should be a maximum of 50% of the ADR%.
Mathematical Example:
Stock with ADR = 4%.
Distance from entry to LOD = 1.5%.
Calculation: $1.5 / 4 = 37.5\%$.
Verdict: This is a valid trade. You are below the 50% threshold, so the stock still has room to grow without being considered overextended.
Example 1: Valid Trade (Below the 50% threshold)
ADR (Average Volatility):10%
Distance from entry to LOD (Stop Loss):3%
The stock has consumed only 30% of its average daily move to give you an entry point. You have a “stop” protected by the LOD and still have 70% room to maneuver (potential upside) before the stock would become “stretched” for that day.
In this way, you will also have enough space to hold that position overnight in case of an overnight gap. If you are a swing trader, it is very important when holding a position overnight to see that it is already in profit. This increases your confidence in holding that position overnight and decreases the risk.
Example 2: Trade at the Limit (50-60% Threshold)
ADR (Average Daily Range):10%
Distance from entry to LOD (Stop Loss):8%
Here you are at the limit. The stock has already moved quite a bit relative to the day’s low. Your risk (8%) is high compared to how much the stock can normally “run.” If you enter here, you need a very strong catalyst for the stock to beat its average.
based on studies and statistics, the vast majority of price movements occur within the first hour of the market opening.