There’s a few key ways I find stocks.
1: Scanners. I use scanners to search every ticker for key criteria and metrics (I prefer to use this for day trading and swing trading) Finviz has a free screener, though there is a 15 minute lag for the free tier. You can create your own by using a bunch of options, or there’s a good selection of pre built simple screeners. These ones are actually pretty useful for finding patterns on stocks. Saves a lot of leg work.
2: X.com, I love using this to see what stocks people are talking about. The key is NOT to just blindly buy a stock just because someone else has. You must ALWAYS complete your own research and understand what you are holding. I follow a bunch of the finance crowd and investment firms. During the busy part of the trading day I have to wade through over 100 posts an hour. So very data heavy.
3: YouTube, I use this the same way I use X. I subscribe to a lot of traders and investor/analyst channels. If I see someone talking about something that seems interesting, I’ll take a closer look. Top tip, don’t just stick to the big channels. The smaller guys sometimes find some good ideas that can be looked at a little closer.
4: Etoro, similar again. I’m using the social side of the platform to see if anything interesting is popping up in the feed that’s worth a look. My followers also ask for my opinions on stocks they find so something might cross my radar by this ”word of mouth” style.
5: Dark pools. This ones a bit different as I’m basically seeing who’s making big bets on what tickers during the day. These are the big boys making plays so might get the odd idea from there. I use tools like cheddar flow and options watch for this but they can be pricey.
6: Friends. It might be a shock, but I do have friends in the real world. Granted most of them are crypto traders mainly but I can get the odd nugget from them.
7: News sites and streams. Now… I have to be honest. I think 98% of what they talk about is garbage. I NEVER trust what they say. But on occasion a good stock pick can crop up, normally this happens when smaller analysts come on for a chit chat. On the new sites there’s smaller articles further down the bottom, you can find some gems there. Sites to use would be www.Marketwatch.com, www.bloomberg.com, www.reuters.com, www.thisismoney.co.uk, www.cnbc.com and loads more.
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