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/

 

[flex6677]

Thank you. I haven't heard of tastyworks, but I will be looking into it now. Thanks again for he calls.

Agree with @MasterSteve

 

[flex6677]

Watchlist for July 26th, 2021

BABA
CAT
DIS
GS
ADBE

@MasterSteve What’s the strategy for trading the list please?

 

[tjlizwelicha]

@MasterSteve What’s the strategy for trading the list please?

It's on page one of this forum.

 

[stock_girl]

Just came across this watchlist. Is there a way to have this in a shared watchlist(that we open on tos), so that it automatically updates?

 

[MasterSteve]

Just came across this watchlist. Is there a way to have this in a shared watchlist(that we open on tos), so that it automatically updates?

Not sure, but if I change it I'll send out an update. Haven't changed it yet

 

[PSandy]

Do you post a watchlist daily?

 

[MerryDay]

@PSandy Yes, the watchlist is published daily. In the two years, @MasterSteve has been publishing the Watchlist, he has missed very few if any days.

 

[jtrain252]

Watchlist for August 25th, 2021

TSLA
NVDA
PPL
NKE
AAPL
ABBV

If i wanted to day trade these selections what time frame would i wait for the price to close before i took the trade (recommended)

 

[MasterSteve]

If i wanted to day trade these selections what time frame would i wait for the price to close before i took the trade (recommended)

That's really dependent on your expiration, entry thesis, and strategy. I'd say that's different for everyone

 

[PSandy]

what are you looking for in Daily watchlist? Master STeve

 

[MerryDay]

@PSandy

I keep a watchlist of mostly large cap tech stocks that we usually watch and trade. I scan this watchlist every day after hours for notable option flows and make a watchlist of any that are likely to move the next day.

I am only scanning tickers we are familiar with, not scanning the whole market. Meaning I may not see unusual flow, but I can see if one side has more interest than the other. The goal for this strategy is for scalp trading only. I expect to see a move the very next day, or I’m out of the trade. The data we’ve gathered has been interesting so far and we thought we’d share what we’re working on with the site. We’ve gotten a fairly good success rate on picking stocks that move, but we’re still working on picking the right direction.

 

[Keith Russell]

Watchlist for September 28th, 2021

ROKU
NVDA
BA
AAPL
MA
SBUX
FDX

I was wondering if you could put your sentiment next too the underlying like C or P so i can get and idea what your looking at. Trying to get better at reading charts.

 

[MerryDay]

@Keith Russell @MasterSteve states:

We’ve gotten a fairly good success rate on picking stocks that move, but we’re still working on picking the right direction.

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

 

[Keith Russell]

@Keith Russell @MasterSteve states:



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

Ok excellent I just started and I'm using several indicators and timeframes. If I see a pattern I will share what I see. I'm not good at coding and still learning... Always learning thank you.

 

[sunnybabu]

@BenTen, There used to be a daily watchlist (tradeable stocks)..can you plz sight me to that thread??

Thx

 

[MerryDay]

@sunnybabu
https://usethinkscript.com/threads/daily-watchlist-of-stocks-to-day-trade-weekly-options.1023/

 

[sunnybabu]

Thanks you @MerryDay. What is the criteria used here for the watchlist??

 

[MerryDay]

@sunnybabu It is detailed in the 1st post:
https://usethinkscript.com/threads/daily-watchlist-of-stocks-to-day-trade-weekly-options.1023/

 

[Keith Russell]

Watchlist for October 12th, 2021

ROKU
AMD
FB
UPS
TGT
GS
ADBE
WMT

This watchlist is for the 13th right.

 

[MerryDay]

@Keith Russell You are right! Thanks for the catch. The date has been corrected.