|
Here are some hints and tips that have been discovered over time to help improve the efficiency of StockScan for you.
Tip 1: Put The Stocks You Hold In A Watch-List
It's a good idea to put the stocks you hold in a StockScan watch-list. That way, you can set your sell scans to look at stocks in your watch-list only.
This will mean you won't have to trudge through pages and pages of stocks to sell when you don't even own them!
Tip 2: Avoid Illiquid Stocks
Many false signals occur for stocks that have very poor volume. You can avoid wasting time exploring these stocks by simply including a minimum value in the Value Of Shares Traded option in the scan wizard.
Tip 3: Avoid Stocks Moving Sideways
Stocks moving sideways (trading with limited range around a certain value and not trending up or down) can fire false signals with many types of scans. You can limit the number of false signals by checking that the scan criteria has not occured in the past few days or weeks.
For example, if you setup a 21/7 SMA Crossover scan (where the 7 Day SMA and the 21 Day SMA cross) and want to filter out stocks moving sideways, you can add another rule where the 21/7 SMA Crossover has not occured in the last 14 days (not including the last trading day of course, which will fire the original 21/7 SMA Crossover rule).
|
|
|
