Daily Watchlist of Stocks Discussion for ThinkOrSwim

[MerryDay]

Frequently Asked Questions About Daily Watchlist of Stocks:
https://usethinkscript.com/threads/daily-watchlist-of-stocks-to-day-trade-weekly-options.1023/

Criteria:
Only a select and curated list of mostly large cap tech stocks are watched.
Here is the watchlist @BenTen and @MasterSteve use https://tos.mx/aulPuHR
The below scan is run after hours.


Timeframe:
This strategy is for scalp trading only. @MasterSteve says:

I expect to see a move the very next day, or I’m out of the trade.

Direction:
There is no expressed direction in the watchlist.
You need to use indicators such as Support&Resistance, Trend/Momentum, and Volume in your attempt to determine the sentiment.

Scanner:
To scan for the pattern called Blast-Off. Use the study found here:
https://usethinkscript.com/threads/blast-off-indicator-for-thinkorswim.621/page-8#post-119487
Scan for Arrow is true

We set up a scanner with that list and set the condition to be if the blastoff indicator is True. Then it'll print out a list of the expected movers for the next day.

Watchlist
For those just starting out, @MasterSteve recommends:
We come up with the watchlist every day using the blastoff indicator https://usethinkscript.com/threads/blast-off-indicator-for-thinkorswim.621/ on our tech watchlist (https://tos.mx/aulPuHR)

We've found that if a stock appears on this watchlist, it is very likely to move the next day. There are thousands of opportunities to make money every day in the stock market. Our goal was to make a limited watchlist with the most likely movers so it would be easier to make money. People could take this, watch just a couple stocks, and enter according to their own risk tolerance.

Yeah, a typical scalp trade I'll take either end of week or the next week expiration. I usually like to enter at the money and out of the money plays, usually for a quick 15 min- 3 hour play at the most. I don't much pay attention to delta at the time. I don't intend on waiting a long time for the play to develop, just looking for quick move.

I would keep with in the money or close to the money strikes with at least a couple weeks out to play it safe until you get more familiar with trading. I've found going too far out of the money on a subweekly timeframe can lead to account blow ups quick.

Read more here: https://usethinkscript.com/threads/daily-watchlist-of-stocks-to-day-trade-weekly-options.1023/

 

[MerryDay]

@MasterSteve Hi Steve, Can you please share your scan script? I have different tickers to follow. So, I can scan daily. Thanks.

https://usethinkscript.com/threads/daily-watchlist-of-stocks-questions.7585/

 

[durdcash]

Watchlist for March 24th, 2022

ROKU
BABA
AMD
FB
AMZN
NKE
MSFT

I just have found your daily watchlist. What is going to be used to dictate your direction for each play of the day or is just more of following the trend once the market opens?

 

[MerryDay]

I just have found your daily watchlist. What is going to be used to dictate your direction for each play of the day or is just more of following the trend once the market opens?

https://usethinkscript.com/threads/daily-watchlist-of-stocks-questions.7585/#post-81013

 

[stockscouter87]

Watchlist for March 31st, 2022

TSLA
ADBE
DIS
TGT
MSFT

Can you start detailing the flow you are seeing on the tickers that catch your eye?

 

[MerryDay]

Can you start detailing the flow you are seeing on the tickers that catch your eye?

You can learn more about how stocks are chosen here: https://usethinkscript.com/threads/daily-watchlist-of-stocks-questions.7585/ and throughout the subsequent 5 pages of posts.

 

[timing]

@MasterSteve
This has been posted for almost 2.5 years.
Is there statitical analysis on how successful it is?

 

[MerryDay]

@MasterSteve
This has been posted for almost 2.5 years.
Is there statitical analysis on how successful it is?

This is just a watchlist. There is no expressed direction associated with this watchlist.
There are no buy / sell indicators. So you cannot measure 'success'.
There is an underlying indicator that such a scenario could be applied to.
For more information, read through the posts here:
https://usethinkscript.com/threads/daily-watchlist-of-stocks-questions.7585/

 

[MasterSteve]

Is this for Monday?

Yeah thats for Monday. I forgot about Friday when I put it up.

 

[MasterSteve]

I was out for a couple days this past week, I will be out the first week of July as well.

 

[gmadabushi]

Watchlist for Monday 1/27/2020
BA
SPY
APPL

@MasterSteve : can you please provide me the watchlist scanner for me to add BlastOff study?

I have checked that url but never found the Core Scanner. I know how to scan from Blast of Indicator but I am looking for core scanner which is fetching this list below as claimed by you above.

Watchlist for April 15th, 2022

MA
JPM
COST
WMT


Watchlist for March 24th, 2022

ROKU
BABA
AMD
FB
AMZN
NKE
MSFT

 

[MerryDay]

I have checked that url but never found the Core Scanner. I know how to scan from Blast of Indicator but I am looking for core scanner which is fetching this list below as claimed by you above.

Everything you ever wanted to know about the Daily Watchlist of Stock Options (including the scanner) can be found:
https://usethinkscript.com/threads/daily-watchlist-of-stocks-questions.7585/#post-81013

There is only one scanner. The study can be found here: https://usethinkscript.com/threads/blast-off-indicator-for-thinkorswim.621/
The scan filter is Arrow is true

You haven't provided any information about which steps that you took, so it is not possible to say where you went astray.

This scanner is supposed to be executed after the market close.
However, if you did run it now, and did everything correctly, here is what is should look like:

Most common errors:

• Not loading the watchlist (https://tos.mx/aulPuHR) correctly. Should be referenced in the "Scan in:" field on the scanner as highlighted above.
• Not copy&pasting the BlastOff Indicator into the study tab, correctly. It can be found here: https://usethinkscript.com/threads/blast-off-indicator-for-thinkorswim.621/
• Not setting the correct aggregation in the scanner. Should be set to D daily.

Hope This Helps

 

[gmadabushi]

Thanks a lot, I am more dumb than I thought!!

 

[abundantalpha]

Watchlist for August 19th, 2022

ROKU
ADBE
NKE
HD
MSFT
ABBV

Any chance you would mind sharing your scanner link?

 

[stone]

Watchlist for August 23rd, 2022

SHOP
BA
LOW
JPM
GS

Watchlist for August 29th, 2022

No symbols on the watchlist tonight.

I was looking to see if you posted a scan that could help us create a similar watchlist?

 

[MasterSteve]

Any chance you would mind sharing your scanner link?

I was looking to see if you posted a scan that could help us create a similar watchlist?

Of course! Scanner and watchlist are here

https://usethinkscript.com/threads/daily-watchlist-of-stocks-questions.7585/#post-81013

 

[Irishmob]

Thanks again for the multiple winnings.

are you using anything in particular to predict direction?

 

[MasterSteve]

are you using anything in particular to predict direction?

I initially tried a few things to predict direction the day before but ultimately was unsuccessful.

 

[Irishmob]

I initially tried a few things to predict direction the day before but ultimately was unsuccessful.

you think a reverse iron condor is a good move for something like this? maybe 2 weeks out or something

 

[tjlizwelicha]

are you using anything in particular to predict direction?

I confirm with a 4 EMA and a 9 EMA. If two green candle closes above my 9 ema I go for it. It seems to work for me.

 

[Irishmob]

I confirm with a 4 EMA and a 9 EMA. If two green candle closes above my 9 ema I go for it. It seems to work for me.

what time frame do you look at?