Strategies organized by time of day:
These are just a few of the scans you will find in the Strategies section.
They are organized by time of day as a suggestion for when to start focusing on
the particular set up. These morning scans will also be a good source of afternoon trades.
The trader pivot level of R2 is often an area of significant support and resistance. Stocks breaking good
consolidation patterns at this level will usually move in the breakout direction. This strategy
does not require R2 to be near the HOD so the consolidation may be a retracement back down to R2.
Example of a leading stock which retraced 24%-38%
of the day's range: The yellow areas indicate
when and why HotScans identified the stock.
These icons indicate links or information that will help you with HotScans and your trading:
Scan Tip: Advice on changing HotScans settings
Trading Brief: Advice on trading tactics
Help: Help with HotScans (in every page footer)
Video Help: Short video tour or help for HotScans
Pop Out: Open a HotScans Pop Out window
Make Money Consistently:
Act like successful traders: There are lots of different
trading systems, styles, and rules. However, all successful traders have common traits and habits.
They focus on what they know, simplify their approach, and start each day prepared.
Specialize in only a few strategies to start.
Pick strategies that fit the style of trading you are interested in
(scalping, day-trading, or swing).
Simplify - Plan your day.
Figure out ahead of time which patterns you will focus on based on the time of the day and
market conditions. Select Strategies that find your setups and save them as a HS Favorite
so you can find your favorite trading conditions quickly and easily.
Maintain a list or two of stocks set up to move. Let HS scan your customized lists of stocks!
Create HS favorite scans to alert you when your stocks act the way you like - near an OR level, pivot level, HOD, LOD, trading big volume, retracing, etc.
Creating good portfolios can be as easy as reviewing the leading
stocks of the day that showed up on the scans on this page and in the other strategy sections. Identify
stocks at key areas of support or resistance and trending on a daily time frame.
Did you know you can click on any symbol in HS to quickly add it to a portfolio? You can also elect the "Symbols Only"
check box and then copy and paste all the stocks from a scan into a portfolio.