How To Find The Best Day Trade Stock | Penny Stock Investor | Summary and Q&A

TL;DR

In this live video, the trader discusses stock trading strategies, scans for potential stocks using a platform, and answers viewer questions.

Key Insights

• 🥶 The free Technical Solutions Facebook group provides resources and support for stock traders.
• ⚾ Using platforms like TD Ameritrade thinkers from can help traders scan for potential stocks based on trends and indicators.
• 🎚️ It's important to assess support and resistance levels, as well as potential risk, before swing trading certain stocks.

Transcript

Read and summarize the transcript of this video on Glasp Reader (beta).

Questions & Answers

Q: What is the Technical Solutions Facebook group for?

The Technical Solutions Facebook group is a platform that provides free resources and support for new and experienced stock traders, with over 42,000 members worldwide.

Q: How does the trader scan for potential stocks?

The trader demonstrates using the TD Ameritrade thinkers from platform to scan for stocks, looking for trends and using indicators such as the EMA line and the red view off.

Q: Why does the trader caution against swing trading certain stocks?

The trader advises caution in swing trading stocks with large drops, as they can be volatile and risky. It's important to assess the potential risk and understand the stock's support and resistance levels.

Q: Why is the trader setting alerts for specific price points?

The trader is setting alerts to be notified when stocks reach certain price points, such as support or resistance levels, to assess potential buying or selling opportunities.

Summary & Key Takeaways

• The trader introduces a free Facebook group called Technical Solutions, which provides a platform for new and experienced traders to connect.

• They demonstrate how to scan for potential stocks using the TD Ameritrade thinkers from platform, discussing stock trends and indicators.

• The trader discusses specific stocks suggested by viewers, providing analysis on their potential for investment.