Welcome back to our new series 30 trading habits in 30 days.

 

As I wrote in One Good Trade, “You are only as good as the stocks you trade.” Said better: You are only as good as the stocks you trade that move best for your trading system.

I trade Stocks In Play**. Stocks with a fresh news catalyst. Stocks that gap up and go and stocks that gap down and plummet. Stocks that will trend intraday for multiple points.

Yes I have a system to find these stocks with a news catalyst. But I also use technology to make sure I have spotted all of my favorite stocks before the open.

I use an AM stock scanner that searches for the best stocks for me. This tool scans for variables of these best stocks. I do not just rely on my manual preparation but also technology to ensure I trade the best stocks each day.

For example. without my scanner I would have missed opportunities in FIT and DIS today.

We say the bionic trader. Give the profitable discretionary trader tools to help him find more of his favorite setups so he can play more offense. This improves performance.

I hope that helps.

*no relevant positions

**This is how I trade. Find a trading system that is best for your talents, skills, personality and bank roll.