Swing Trade Using Finviz Beginners

What's going on guys? Here we are again and today we are going to talk about

using

Thin Business to find potential

swing

trade

s. Now this is the Holy Grail, it will give you every stock that you can possibly

swing

trade

and it won't always be that way. find you a winning stock, but this will help you find socks that have potential and the way we do that is

using

fin vis. I'm not going to go into every detail in this video on how to use fin vis this way or that way, but what I'm going to show you is an easy and simple way that you can use fin vis to find potential swing trades, so going into it, this is what the fin vis home screen looks like and basically the good the good.

What to do when you first get into the finance business, look at the Dow, look at the Nasdaq and look at the S&P 500, these are your main trades where they basically show you the general direction of the market, so if you find it difficult operate. Some weeks or for whatever reason you don't find good setups and you know that during the day it can be due to the fact that the Dow, the Nasdaq and the S&P 500 are all down when the Nasdaq S&P 500 is down which usually means That the markets are down and there may not be as many potential plays you can find, so without further ado, one way to find potential swing trades is by going to pools.

Once you enter groups, you will be presented with this bar graph if it doesn't look like this. You can just click on the bar chart here and I'll present it to you the same way it is on my screen here. As we move forward, you'll see that you have a one-week return, a one-month return, three months, six months, etc. Throughout the entire year to date, what we're looking for here is we're trying to find specific sectors that are high in some areas, so we want to look at, you know, in a year, six months, three months and From a month to a week, we are not as concerned about one day's performance, especially when looking for swing trades.

If you are already in a position or already trading a particular stock, then you have a day when performance matters. You because you want to follow your stocks, but when we try to find possible swing trades, we want to see if there is a specific sector within this time period with high performance, so just by taking a look at it you will see that the financial sector is up by a six-month performance. Finances have also risen in a year. The financial sectors have risen in three months and the financial sector has risen in a month and also in a week.

So what that tells you is the financial market in general or all the stocks that make up or sorry, all the stocks that make up the financial sector are performing pretty well, so there's a good chance that you can find a possible swing trade action within the financial sector. Okay, so what do we want? Do it now once we've found a good sector that's performing very well over long time frames, even over short time frames, and let me back up for a second. If you are a person who likes to swing trade for a week, then you might want to start. looking at the sector or maybe a month, you just want to take a look at the sector that is doing well within a month in a week and for you, you thought about the basic materials, so let's go ahead and look at the basic materials, it is available in the week.

The biggest winner in the week and the biggest winner in a month's performance are the basic materials, so from there we have something to go on if we can go ahead and access the screener or the stock scanner as you want, call it or say it. and from here you have so many different settings that you can edit to know, go towards your trading style, you have descriptive fundamental techniques and you can go ahead and click on all of them and you will be presented with every possible thing that you can. Basically, I choose to look for a stock.

I know it sounds crazy and I know it's scary, but we'll make it pretty simple. Well, there are a lot of different things that you can go ahead and put in here. I'm just going to continue. Go ahead and we'll show you an easy way to find stocks based simply on a price based on a volume scan and then we'll go ahead and analyze the chart patterns. This is a simple way to do it because it is correct. We are now presented with 7,000 possible stocks that we can trade, so what we found is that the basic materials sector has done quite well over the month and week, so if you are up, here is the sector by clicking on basic materials that It is a sector that we found to be performing very well in a period of 1 month and 1 week.

We go ahead and click on basic materials. This will be updated. Now we only have 548 stocks to choose from. My goodness, that's too many stocks to search. in and you would probably have a heart attack trying to find a good trade going through all of this, so from there we can say you know I can only trade with 500. I only have a thousand dollars to invest. I have 20,000, whatever the price. the dollar amount is from there you can go ahead and choose your price you already know what price you want to look for so let's say I just want to find stocks under $10 okay go ahead and refresh now we have 237 different stocks that We can potentially choose. from another well, just to make it very simple for you, we want you to know what we really want to trade stocks, you know, trade with high volume and the reason we do it is because we can get in and out of our trays and the Stocks that trade in high volume are the stocks that are going to make moves and make us money, so we want to get in here and you know, we want to see if we can find stocks that trade over 500,000 shares of volume.

This is usually kind of a rule of thumb when it comes to trading: we want to see stocks trading in high volume. We are now presented with only 108 based on average and sector volume and price performance. Now we can go ahead and just you know, narrow it down a little bit more and obviously you know you can play with this to figure out what works best for you. you know, if you like more volatile stocks, if you want to trade stocks that you know based on their 200-day moving average. based on float, which is short put float, so there are tons of different options that you can use, but to keep it simple, we can even go down and we can see the relative volume.

Relative volume is a good scan setting to use and usually look for more than 1.5 or within that range, you know the louder the better, but even with an excess, what this tells us is that basically stocks are becoming more popular, people are researching these stocks more and they are becoming more. traded now we just have to look from here okay now that we have two stocks to look at we can go ahead and look at them further just by pulling up the chart and we'll see with LOD II so LOD II is very low. stock price I do not recommend swing trading with this low price of a stock.

I'm just not the type of person to do it, but you can do it, but if you see it basically went from about 12 cents to 20 cents in this past. I don't know months, a month and a half, it would be a long time to wait, but if we go back, we can see the other one. trq, what is trq doing here? Cola is also a very low price action, but as you can see. it was circulated from the month of July to the month of July, it's killing it, it went from, you know, what is it, maybe two dollars and fifty cents to three dollars and 30 cents, so it's 80 cents a share Yes, that was for a whole month. but your stocks can be found intraday which allows you to find out about movements like this, but the idea here is to go through the sectors to find which sector is hot right now, which will allow you to find stocks that are hot within that sector based on your scanning. criteria, so if you are more comfortable trading stocks that are above $20, you can find stocks to trade up to $20, but the nice thing about fin vis is that once you have found your stock or a potential stock that you want trade, now you have this chart and it draws the trend lines for you, so if you are not familiar, you are just not sure of your ability to draw trend lines, let Simba do the work for you, it has drawn this little line for us downtrend, but then Obviously you've started, you know, going back up now, this won't tell you everything, you still have to look at some moving averages and maybe some other indicators that this doesn't present or for you, but you can go ahead and you can . find stocks based on this criteria and from here you will have potential stock picks, basically, down here it will tell you everything you need to know about the stock, its market capitalization, the earnings of the stock, how many outstanding shares there are in the float. what is the short float interest and if you see that there is only one point four four percent short float that means there are not many people floating short the stock and why do you think that is the case and the reason is that it is going up , so no one in their right mind would want to sell a rising stock so that the short interest is not there and this means that it is in an uptrend, it is very bullish and it is going up, so it basically sums up everything in terms of how you can actually indicate finding stocks that have potential was a matter of maybe a 5 or 10 minute tab and this video has been working.

I found trq and this is a stock in the basic materials sector that has been killing it for the last month and as you can see it went from two dollars fifty to three dollars and thirty cents, that's where it is now so that's good. I think that day it goes up to nine and seven percent, so today you would have gained two point nine and seven percent. in the stock if you were playing the stock and before we finish there since we're talking about swing trading a lot of swing trading comes down to technical chart patterns so that's something I want to go over real quick so if I'm We'll go back to the screener just update everything we can enter here to technical and in technical you can choose a pattern, so if you like to trade wedges, ascending triangles, descending triangles, any type of pattern, what I recommend is just look. in these patterns and just take some time to study them and get used to them and from here you can find stocks that trade in specific patterns that you like and that will give you an advantage because you can get in, let's just say I want to trade, let's make a strong wedge, a wedge up, a nut, a wedge down, I want to make a wedge, let's get into a wedge up and now we can go ahead and pick any of these stocks, let's really check this one out.

Okay, that's a great example here. So this stock a is in a rising wedge, a strong rising wedge and what that actually does is, as you can see here on the chart, it's trending up, but every time it goes up, it usually sells and goes down and finds itself. with this support area here and then it goes up it means that this support area here goes up it goes down again it goes up it comes a gamma but so on and what you can do when you look for patterns to get comfortable with these specific patterns and start trading with the technical pattern side, so if you're watching the stock for a few weeks and you said it's up to here, it's a little late to buy.

I'll wait for you to pull back, consolidate the selling until we reach that support area again and Once we get close to here, you can start paying close attention and say, "Hey, this might be the time to buy", go right into the support and make the move from about $46 to maybe $40 49 49 right here. that area and then you say oh, you know it's starting to sell off, let me close my position, take my profits, wait to get back to that trend line support, take another position, increase momentum, etc., etc., if you continue Go ahead and continue. back, I'm sure there's another chart or another stock that meets the same kind of criteria and here you go, here's another one that follows this rising wedge pattern and right now we just broke that pattern, so, for example, like this is how you can find stocks using patterns to change trades and this is something I use all the time specifically I like AMD AMD is the type of people where I use technical chart patterns to trade so this is a video for Pretty basic

beginners

for some of you. watch this video and do it.

This is not for me because you may be more advanced or for those beginner traders. I think this is a good place to start, where you can start using your advantage, so let me know in the comments. or in the posts section below what you think of this video or maybe how can I make a video on top of this or extend it to make it a bitbetter for you or you may be a little more advanced than happy. to hear all the suggestions, but for now that's what we have for you and thank you as always for the support and if you haven't already, please like and subscribe.

I post informational videos all the time to help people become better traders. and understand the market a little better for now. See you later.