We've been keeping a few secrets from you...
We're sorry...it's time we let you all in on our secret!
Face it: Finding candidates to analyze and trade can be a real pain!Seeking out the right companies to trade can be a time-intensive activity. You look and look and look … just hoping to find a stock in the right place, with indicators at specific levels. Sometimes it feels like you’re trying to find a needle in a haystack.
That’s why scans are such a practical solution to the problem.
A scan is a recipe that you tell the computer before you start to search for a candidate. If you’re looking for A, B and C, you put those qualifications in a program and the computer will produce the candidates that meet your standards.
Don’t be worried about the complexity of the process... Compare it to the car-buying process.
You start the search with thousands of potential vehicles, making it almost downright impossible to make a decision.
But once you tell the computer to look for a red Ford sedan with leather seats, you’ve narrowed your choices enough to make the process of finding the right car less harrowing.
The same is true when it comes to the stock market.
If you own Extreme Charts (if you don't we highly recommend it... click here), you know what a tremendous asset the tool can be.
But do you really know how to use the scanning portion of Extreme Charts?
Have you tinkered around with it but still don’t understand how to squeeze the most out of it?
Are your searches coming up with too many candidates to analyze? Or is the well coming up with a shortage of candidates?
BetterTrades trading education coach Robert (Rob) Roy has spent years working with the Extreme Charts product.
He is one of the most knowledgeable teachers in the world when it comes to teaching students
how to create scans and get the most out of them.
