Swing Trade Stocks Outperforming Market In ThinkOrSwim

[tellyt]

One of the best tools that TOS has is its scanner. For this choppy market I created a scanner that I run every Friday looking for Symbols that beat the SPY. I then use this watchlist for my trade ideas next week. It does not filter for Options . You will find there are some good stocks to trade that do not have options than make big moves

I use all Symbols as my watchlist in case there are ETF funds to consider
shared scanner link: https://tos.mx/!SO5z36m6 MUST follow these instructions for loading shared links.

Here is what it does
Step 1 Price range. I use $10 to $199 . You can modify this I do not want penny stocks or high priced stocks
Step 2 Look for symbols that beat the SPY the last 5 days
Step 3 Look for symbols that beat the SPY the last 31 days
Step 4 Look for symbols that beat the SPY the last 64 days

you now have a list of symbols that have beaten the spy for the last 64 days!

But lets add more filters

Step 5 Filter for volume > 1 Million . I want liquid stocks
Step 6 Check to see that Price is still moving up in the last 3 days ( you could change this to moving down for a possible dip )
Step 7 Check to see that Volume is still increasing for the last 3 day!

Now SCAN the market and use this list to swing trad these stocks. Holding time for me is 3-14 days