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I can’t speak highly enough about their tools, because without their scanning software I would be lost as a trader.
A trader can have all the textbook knowledge of the markets but if they are unable to find stocks in real-time they will never profit. Stock scanners are how we find those stock. Before stock scanners existed traders would trade off a master watch list which they would make by manually going through charts, which you can imagine took a long time.
This is not an effective method of day trading because typically there are only 5-10 stocks in play each day, out of the several thousand stocks available to trade. I consider a stock in play if it is surging up or down more than 4% with a strong catalyst.
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