Today we're going to be talking about how to scan for stocks that you're looking to swing trade. Our trading generally focuses on a combination of both day and swing positions and when it comes to which sectors and which type of stocks that were focusing on. The only thing that matters for us is that we have the volatility that we need to trade off of. So of course with this, the only difficulty is figuring out how to find these stocks, where the opportunities lie and the certain criteria that they must fit in order for you to find only the best opportunities and filter out the bad ones.

now. I Recently made a video on how to make 100 dollars per day by swing trading and naturally that got a few questions on. You know how to find those stocks, how to actually go about scanning and locating which opportunities are the best, and there's three specific criteria that I look for. As always it returns for this video.

the only thing I ask of you is that you hit that beautiful and ravishing like button. And also if you c value, don't forget to subscribe for more short, sweet and simplified videos on how to trade the stock market. Ok, so the first criteria that I look for when looking to take a swing position is that the stock is a good deal. That's because if it's below 30, that means that it's oversold and it's extremely important that we get it in oversold when it comes to swing positions because we need that margin of error.

Of course, when we're taking a swing position, the idea behind it is that we're buying it. You basically buy and low and selling high, And the only way to really do that is to make sure that you're buying low, Know, buy and high, and then attempting to sell higher. It usually isn't a great strategy. Now, since we're a swing trader, we want to make sure that this is oversold on the longer-term chart, But if it's over sold on the intraday chart as well, that provides us even more margin for error.

Okay, number two, we want to make sure that the stock is showing signs of an uptrend, much like you wouldn't want to buy a sick animal on the side of the street. You don't want to buy a stock just because it's trending down or it's been oversold. It needs to be showing signs of an uptrend, and the last one is that the stock needs to have a decent amount of trading volume. This allows you to liquidity to move into and out of the position.

Of course, this is much less important with swing positions just because of the fact that you know with day positions, it's very important that we get out the minute that we want to sell. But with swing positions, it doesn't really matter as much. but we do need to liquidity to sell out of our position. Okay, so now that we've established that, we can now plug that into our platform.

Now many of you know that I've been increasingly using Weeble as my broker. They are a completely free platform that keeps adding new features and they also have no Commission trades. The reason that I keep promoting this is twofold. Number one is the fact that I know a lot of you use Robin Hood and the reason that you use it is because it has free Commission's It has a good mobile app and whatnot, but we bowl is kind of like the better for day trading version and better for swing trading version of Robin Hood.

Now the thing I love about Weeble is it sort of breaks everything down and makes it really easy. and they also have that free stock promotion if you sign up using their platform. I Recommend you just check it out because at the very least you don't like it and you get a free stock. and honestly like I totally understand if you don't want to use our affiliate link I totally get that.

But make sure you find a affiliate link. you could probably just google other people that have affiliate links so that you can take advantage of the promotion. But okay with that being said, I'm going to use Thinkorswim to demonstrate this just because it's still one of the most widely used platforms amongst this community. But let me know in the comments section if you'd like me to use more Weeble in my videos.

Okay, so if you're scanning for stocks that you'd like to swing trade, you're gonna want to find something that's both oversold on the longer-term chart but also increasing. So in order to do that, all you have to do is go over to the scan function and then you're going to set the criteria as so I have it set to about the criteria that I usually use for my swing positions and then the key here is with the custom study filter. I've talked about this before but in order to set it up, just show you really quick you go to add study filter you over here, you go to custom, then you go over here, study, just type in RSI and then crosses below and we want it to cross below the value of 30 because that's where it's officially oversold, whoops and then within five bars because that gives us about the exact point. that's the amount of candlesticks away it is so that it doesn't filter out some of the positions.

go ahead and push. Okay, so I already have one set up so I don't need to do that. but in any case, once you have this set up it's you're gonna go over here and specify the time period. Now you can choose any time period you want.

The one that I choose is 4 hours because it corresponds to the four-hour 180 day chart. so the first one that comes up with the CGC. Now everyone knows CGC but we're gonna look at it anyway. CGC Okay, so we could see this was recently oversold and it looks like we're almost near fair value if not slightly over it.

But in any case, we can look at this pattern and be like oh look, it looks like a comeback King We have the over selling and then over buying. over selling it and over buying over selling for buying. In fact, look at the difference between when it was oversold here and then when it was overbought again. this is definitely to come back.

Hanging Pattern: So we could say okay, well then we can write down this is going to be a stock that's going to be good when it's oversold once more. once he gets oversold again, that's what I'm gonna get to. They're taking a position. Obviously we're gonna look want to look a little bit more into this? Maybe we're gonna look at the intraday chart.

Let's see where it is. Obviously if we're gonna find something that's oversold them long term time Chart: it would be better to find something what's also oversold on the on the shorter term time chart as well. But of course if it's also increasing on the day, it's going to be harder to find that. so the I'd say that.

So I'd say the criteria with this is just making sure that we have that come back King Pattern that goes you know to over-salt to overbought, to oversold and then not to over-salt and then hopefully we'll have an overbought in the future. But it seems like the pattern continues on and when we blow it up, you can see that a little bit more and it's really a beautiful pattern. In any case, let's go back and see what other options we have. Da esta esta.

Okay, this one's a little bit better because we have this like consistent line of resistance over here. pretty consistent over here. Then it's below that line of resistance and we're oversold recently. So this heart, this sort of has like a comeback Queen pattern where it's not quite.

It's not quite making it up to UM overbought, but it is making it most of the way. Did some points touching it? So you know buying in and oversold would have provided a good price point for us multiple times and there's a high likelihood that look, what's gonna go? it's dipping back down to support and then once it gets there or maybe it'll break a little bit higher then you know you can hold back up until resistance. But the key here is making sure that we have these signs of an uptrend, the early warning signs of an uptrend. or SG r SG Rsg.

Okay, our she does have a comeback hing pattern. Yeah, I mean no. Actually, our SG does have a comeback Queen pattern. but it's not a perfect pattern just because of the fact that it just makes it a little bit over fair value.

You want to have as big of a margin for error as possible when you're training with these because it's just it's so important to make sure you're getting in at a good deal. But in any case, you can also design. It shows you within less than five bars or more than five bars. So if you're looking for the actual day where it's oversold, you could set this to just one bar and it'll come up with all the ones that are just one bar.

But any. it's important to find stocks that are not just oversold but are also oversold and increasing because again, you don't want to buy a sick animal on the side of the road. You don't want to buy a dying animal on the side of the road. And it's the same thing with these stocks.

Alright, looks like a Tlg TTL GT CLG t If we're looking okay, so we have a little bit of a comeback Queen here Where it's oversold, then that goes to fair value, then it's oversold, oversold, overbought, oversold, fair value. So this is a comeback Queen It's not to come back King again because the comeback King goes all the way up to overbought so that that's it all. someone Okay, let's try another one. Bass Bass over selling.

This is a terrible one down trending pattern. And of course I Recommend looking through some stocks that are just like seriously oversold like they just went down 10 to 20 percent. because oftentimes what will happen is that on one day it'll go down 20 percent and then the next day it'll be so oversold that doesn't go back up 5% And that's just because of the overreaction phenomena that happens within the stock market almost every single day. But ANTM We'll check out a and TM and TMI Look at this for example.

so it has the history of selling off and then it just sold off. Again, we're oversold. Last time there was oversold and recovered and recovered much higher. and it's the same level of resistance.

It's the same level of support. Almost so. I mean this is an excellent opportunity as well. I mean there's just so many different opportunities and look how much upward potential there is from - from - 50 49 ish - all the way to 317.

And of course we're overbought and this is a comeback Queen in the earlier pattern. So I mean there's a lot of different opportunities with this I Think that you know one of the best ways to go about it is to also look at the the negative percentage changes. A lot of people ask like Oh Charlie Why do you put top losers, biggest losers on your on your watchlist that you post on Zip Traitor Circle every night? Well the reason is because so many people oversell things. It's just every single day a bad news article will come out.

Someone will say something bad about the stock - CEO will tweet something ridiculous and the stock will just tank and then it's It's always. It always overreacts because news is always really good or it's really bad and that's always how the market reacts to it. So if you could be on the other side of the equation without emotion you know logic over emotion then you could take advantage of that situation and we see this again and again. This is just the pattern that keeps happening.

Well, check out error. Let's see what era ok, eras, another one that just got oversold. Now this one looks like it's It's a very straight over selling so this might be a fundamental play that you'd want to look into. But in any case, we do have this technical.

but in any case it is oversold and we passed previous support so it broke previous support and it doesn't really have that great of a history that's a history of recovering from like, almost oversold to fair value. But that's not not exactly what I would look for there. Ok, can let's try. Can this is one of our marijuana pics from like January or something.

It's been oversold significantly. Yeah. and this is also a failure of pattern. So you're definitely gonna want to go and look through these and make sure you find the exact swing trade.

And of course, to get some ideas. We do have the Zip Trader Circle Facebook group and we also have the discord chat and bunch of different people including me post various swing trade positions and various opportunities within the market. of course. I Also recommend adjusting this criteria a little bit.

Maybe you don't want something that's oversold on a different chart. It's just the way that I do. it is usually this. in fact, we can even go through this really quick.

Let's check out the one-hour chart. Yeah, we are getting a lot of the same stocks with this though of course. And another thing is that you do want a lot of upward potential. and when you do in the oversold and increasing what tends to happen is that you don't get as much upward potential.

which is honestly kind of a bummer. but in any case, that is usually what happens. So it really depends on the day that you're searching it. It depends on a bunch of different things, but what I would suggest to you is mess around with the specifications a little bit.

But in any case, this was a quick video. and if you have any questions, don't forget to comment below or reach out to us on the Zip Trader circle Facebook group. It's a completely free Facebook group and the link is in the description below and it's also pinned at the top comment. Anyways, have a great day folks and I'll see you in the next video.