Hey guys. Lot of you guys have asked me about scanning and how to look for stocks. Maribeth almost always finds excellent setups and she uses all free tools. One of the things I always tell the guys I coach is to keep their costs minimum. Ideally between 5-10% of your profits is what you spend on all your trading tools, softwares, computers, desks etc. There are some great scanners out there ( I use them) but they are not a necessity you can get the same stocks using free software. here is how she looks for her stocks. Also ive included a past blog about how i make watchlists:
Boom Boom Stocks 11/1/2011
Evening folks. Quick watchlist today. Besides internet stocks there werent too many sectors firing. The close in the markets were particulary nasty. We saw this same type of action last week and it ended up being a trap. Will the same thing happen tomorrow not sure. If we gap down Ill have some cash waiting …