Customer Comments

Trading Tips Here are some tips on how I use TradeScan in my trading: Premise: Any unusual activity in a stock during the day will be picked up by TradeScan and displayed, providing it meets our liquidity and price filtering. By this we mean that low volume stocks and penny stocks are not considered to be tradable and will not pass the filters, reducing the "noise" and increasing your ability to focus on tradable stocks. "Unusual" activity can mean many things, such as news about to be released, big blocks about to be placed, etc. One way or the other, TradeScan will let you know it is happening. That's your trading power! Example: Let's take the case of news plays, for example. When a news story is about to be released intraday, there will be a certain amount of telltale volume that occurs prior to the news hitting the wires. TradeScan will pick this up and alert you when this is happening BEFORE the news hits. Typically, with a positive news story, you will see a shower of alerts like this: "symbol" bid size __K, x.x ask (tells you the bid size is significantly overweighing the ask size) "symbol" market makers bidding up (tells you the market makers are supporting the move) "symbol" trading up fast (tells you the time and sales prints are supporting upward momentum) Each of these by themselves would not indicate a tradable move, but when all these segments of the market come together, your risk/reward ratio increases dramatically. I suggest doing a quick check of the chart and Level II screen to spot any additional risk/reward concerns before making a play in the stock. Once in the position, a strong move will be visually confirmed when these repeat in rapid succession, often times followed by the addition of: "symbol" new day high If this visual follow-through is not continued, then you know that the stock is not continuing the momentum and may signal an early exit strategy. This is one way TradeScan can help you know when to get out of a position as well as knowing when to get in. Sometimes, what TradeScan DOESN'T tell you is as important as what it DOES tell you and can help keep you out of bad trades. Assuming I am still in the position, when the news actuality hits the wires, the increased momentum from the "news" players just getting into the stock makes an excellent and very liquid opportunity to offer out into the momentum. This is what I call putting the risk/reward ratios in your favor! Everyday Trading: This is but one of many examples of how TradeScan can be used to tip the risk/reward scales in your favor. There are many different ways to use TradeScan and we provide many different types of alerts so you can customize TradeScan to fit your trading style. While not all trades will be profitable, improving the percentages is what TradeScan is all about. Happy Trading! Bill "StickMan" 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 example.