I am a Futures trader. How do I setup TradeScan to follow the e-Mini underlying stocks?

TradeScan can be used to monitor the significant activity in the e-mini underlying issues to get a jump on the index movement. You simply create a separate window for each of the futures symbol sets you are trading and use the tickers that are included in the "Stickman's Favorite" library. Once the symbols are imported into TradeScan, you will be able to have a visual red/green scrolling indicator of activity in the underlying index.This gives you a good trend indicator on each of the e-Minis.

The symbol lists that correspond to the e-Mini symbols are as follows:
ES - S&P 500
NQ - NASDAQ 100
YM - Dow 30

For convenience, we have these lists available on our website by going to the "Subscriber Area" and "Symbol Lists" or click on the following direct link to TradeScan's Symbol Lists. There you will find each of the above stock lists that correspond to the futures you are trading along with instructions on how to import them into TradeScan. We also have industry and sector lists if you choose to trade any of the specialized ETFs or Holders if you choose to trade any of the other specialized segments of the market with TradeScan.

We suggest creating a separate window for each of these symbol sets using the tickers that are included in the "Stickman's Favorite" library. You'll need to save your current layout before these changes if you would like to have the ability to switch between the screen layouts. This will give you a good trend indicator on each of the e-Minis by monitoring the underlying issues.

What's the difference between HL+ and Pro?

TradeScan HL+ is intended for traders who primarily use highs and lows for their trading strategy. These are the same intelligent high/low filters that are in the Pro package, but the Level II alerts, such as "trading up fast" or "market makers bidding up" are not included as options. For a list of the alerts included in the HL+ package, you can visit our Alerts Glossary. The alerts are listed under the heading "Intelligent High/Low Alerts".

How do I save or backup my TradeScan settings?

Once you have your windows and filters setup the way you want, right click on the TradeScan icon (near the clock), click "File", and click "Save As...". In the Save As dialog box, make sure the "Save As Type" box reads "Whisper Screen Layout". Type the name you want to save the file as in the "File name:" box and click "Save".

How do I load or restore my TradeScan settings?

Provided you have previously saved your settings via the method explained above, open TradeScan, right click the TradeScan icon (near your clock), Click "File", Click "Open", find your .wrl file, and double click on it. That will close any displayed TradeScan windows and reload your old layout with all your filters. Also you can copy the .wrl file to a floppy disk or network drive and load your settings on a new or different computer using these same steps.

How do I use Symbol Click?

Symbol Click simply means that you can click on a symbol in one of TradeScan's Ticker windows or Rank Report windows and the symbol will appear in the active window of the trading platform. For example if you click on a symbol in a Rank Report window and a chart window is active in the trading platform software, the chart for the clicked symbol will appear. Messaging occurs between the applications to accomplish this.

Symbol Click is available between the TradeScan application and two trading platforms: Reuters and Realtick. Note: Realtick requires its "scripting" feature to be activated for Symbol Click to work. Contact Realtick support regarding this feature.

Should you have a trading platform that is not on the supported list on the Symbol Click menu, contact us and we would be glad to consider adding your chosen trading platform to the listing.

Do you do automatic payments each month or do I receive a monthly invoice?

Yes, we prefer to do a recurring credit card payment arrangement. You receive an email notification 5 days prior to being charged and you receive a paid invoice by mail as your receipt. You can instruct us not to charge your credit card anytime prior to the due date of the subscription renewal. If you choose not to do the recurring charge, you will receive an invoice by mail from which to pay.

How do you identify potential trades using your scanner, or after identifying potential trades, what is your next step?

TradeScan is typically used by fairly active traders to identify the best risk/reward movers at any given time in the market. When you get repeat alerts of the same type as well as multiple alerts on the same stock, then you know that what is going on behind the scenes is supporting a move in that direstion.

For instance, if you were to see:

MSFT market makers bidding up
MSFT size on the bid
MSFT trading up fast

within close succession of each other, then the risk/reward ratio is favorable for a long trade in MSFT. Then, I would check the MSFT chart and trend of the market to determine if a long trade makes sense. The web page screen shot is such an example of repeats and multiples.

What qualifications do you look for in order to participate in your chat room?

No qualifications for the chat room. It is there for traders to share ideas. We don't make calls in the chat room anymore since we gained the functionality to deliver our alerts over the internet.

Why the theme Trader's Paradise?

Stocks that move unexpectedly during the day AND that are not in the trader mainstream can be easier to trade and more predictable, thereby reducing risk. As a result of our trading alerts, life got easier for me as a trader, thus the theme, Trader's Paradise! Please see our Day Trading Software link for more information.

Can I make money using your software alerts?

As you might guess, we see this question more than any other! Pursuant to the Investment Advisers Act of 1940, it should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this site. We can not and do not warrant or make any representations regarding the use, or the results from the use, of our trading alerts. What we provide is propriety information on stocks that are exhibiting unusual behavior during the trading day which, we believe, produces superior trading alerts to anything currently offered to the trading public. While we can document our success resulting from these trading alerts, we ask that you please read our disclaimer.

What separates you from the other day traders?

Experience! I have been trading longer than most as a full time day trader with the rapid style electronic execution sytems originally referred to as SOES style trading. I started as a full time day trading customer with Block Trading, Inc. in Houston in 1994. Please see the About Us link for more information.

What makes your software different?

There are no other alerts like ours. We created these parameters from our extensive day trading experience and costly developmental testing. The particular filters used in our alerts are not available from any other source. Please see our Day Trading Software link for more information.

How did you come up with your software parameters?

Several years ago I set out to identify intraday parameters that would alert me to stocks that made large moves during the day with fewer "jigs". I felt that, as a trader, I was overlooking these stocks because I was not being alerted to them by either the news wires or broadcast media. Using my past experience gathered from extensive trading, I spent over two years developing and testing my parameters until I felt they were as reliable as they could possibly be, given the random nature of our markets. Please see our Day Trading Software link for more information.

How often are alerts produced by your software parameters?

Alerts are generated all day long during trading hours. The markets' action generates more alerts on some days than others, but we have found that using our parameters, alerts appear throughout the trading day. The chat room call samples and actual trade examples are just a few of the hundreds calls and trades resulting from our software alerts.

How can I get your alerts?

TradeScanTM, our proprietary day trading alert window, is NOW AVAILABLE to both on-site and on-line traders! Now, you can have the advantage that some of the top day traders in the country have right on your desktop! Sign up for your trial subscription now! The alert window is available by subscription through this website.

Do you limit your scanner to the stocks listed on your most daytraded list?

Our scans look at all stocks on the NYSE, NASDAQ and AMEX. We filter them by 150,000 shares minimum average daily volume and price greater than $1 before they hit the scans. The most day traded list is just for information, but you could filter for only them on your end with the TradeScan symbol filter feature if you wished.

What is the difference between a "call" and a "trade"?

"Calls" are informational (only) using trading signals produced by TradeScanTM which may or may not have actually resulted in a trade. One cannot necessarily duplicate results from "calls" because of their informational nature either by the user or any other professional trader.

"Trades" are actual transactions executed by experienced professional traders using trading signals provided by propriety software parameters developed by Kingsbury Financial Management, Inc. and are not meant to represent that these results can be duplicated by the user.

What is the most important consideration in selecting a day trading class?

The qualifications of the trainer. Many times, classes are taught by day traders who have, for one reason or another, not been successful at their trading and, by default, decide to teach classes. These are probably not the ones you want training you. Make sure the trainer is an active trader and has been trading full time for at least two years successfully so that he/she has enough experience with the "tricks of the trade" to warrant your time and expense.

Can I use TradeScan on more than one computer?

TradeScanTM can be installed on more than one computer, however you may access the service from only one machine at a time.

Will the TradeScan window slow my computer down?

The TradeScanTM window uses minimal machine resources as all of the CPU intensive calculations are handled on our servers.

OPV-nasdaq and nyse...what are these?

OPV stands for "On Pace Volume". Every minute, we take the volume of the day and compare it to the average daily volume prorated for that portion of the day. So if you see MSFT at the top of the window with the OPV number of say 12.5, that would mean that MSFT is trading at 12 .5 times it's prorated average daily volume. If it's at the top of the list in the Rank Report, it means it's trading at the greatest multiple OPV of all the qualifying stocks on the NASDAQ.

Regarding a few of your actual trade examples, why don't your software parameters catch the runs earlier?

In most all cases it does. We, as traders, are not always in a position to take advantage of every alert produced by our software parameters. Many times, a trader's buying power may be maxed out or they may be away from their trading terminal when an alert is produced, so they may be unable to trade the early alert.

How do we know the trade examples are real?

We will only display trades for which (1) we know were executed solely on alerts generated by our TradeScan TM software and (2) for which we have confirmations to back up the executions.

Do you ever call any bad trades?

Yes, and some could result in losses. Beware of any trader or alert provider claiming perfection! We all make the occassional bad call. Successful traders know the key is to minimize the downside risk as much as possible through educated, experienced, heads-up trading so that good trades overshadow the bad ones. For example, take a look at the June 8th HLTH chat room text near the bottom, noting the EGRP call. Just remember, no one is able to win every time.

My prop. trading company already has Whisper and I use it daily how will this work?

Two Whispers can not be installed on the same computer without conflicting. Our TradeScan/Whisper app would have to be run on a computer that did not have the firm's Whisper installed on it so it doesn't conflict in Windows. The Whisper app doesn't take many resources, so it could be a minimal computer with an Internet connection and that would do the job. If the screen is seen by more than just you, however, (a dupe monitor on the floor) it would take a site license instead of an individual license.

Please feel free to e-mail us for any additional questions at support@tradersparadise.com.