[Spydertrader]

Originally Posted by Susana »

When you do your morning research, how do you determine what stocks are "In Play" for that particular morning/day ?

The work required for determining which stocks to trade, on any particular trading day, begins the night before.

First, a trader needs to cull the entire Universe of equities down to a manageable number of 'high quality' companies. The filter I have used with success includes the following criteria:

Price: $10.00 to $50.00
Average Daily Volume: >200,000 shares
Float: 5 million to 60 million shares
Positive Earnings
Positive Earnings per share
Insider Owned Percentage: >5%
Institutional Holdings > 5%


One can then sort the list of 'high quality companies' by Unusual Volume (current volume / 65 day average volume), and watch those comapnies "in play" bubble right to the top.

One can further cull the list by focusing on companies which have 'rank' (stocks which cycle 20% [or more] a minimum of five times over a period of 6 to 8 days in the last 6 months) or stocks which find themselves 'in dry up' (period of super-low volume)

Attached, please find a list for tomrrow.

- Spydertrader