I made the original reddit post that blew up, showing my "god" scanner that finds stocks before they explode. It found my RIOT trade that made 2,000%.
But this scanner is focused more on options and has made me LOTS of winners as shown below (some on shares as well)
https://preview.redd.it/y2id8an8oqfg1.png?width=700&format=png&auto=webp&s=8f8be9d0ae3de66dd26d8eea5e5f9b376d9cf221
If you want to see even more proof, [click here](https://phase-marlin-304.notion.site/Results-of-Scanner-2f42cb35e7498080aed6ce417e790c1a?source=copy_link)
But this scanner starts with Finviz as well. It's a free tool to scan for stocks. Start with these filters:
\- Optionable
\- Price - over $10 (more of a personal preference)
\- Average Volume - Over $500k
https://preview.redd.it/os4ihjqhpqfg1.png?width=2878&format=png&auto=webp&s=d2dd932037c682dfe08122eb22a561b61afc86ed
Then I do:
\- 20-Day Simple Moving Average: Price above SMA20
\- 50-Day Simple Moving Average: Price above SMA50
https://preview.redd.it/woz7v0zopqfg1.png?width=2876&format=png&auto=webp&s=148dfdf29c4110431171544cf245d647cbf07a61
Lastly, I'll do:
\- Pattern - Horizontal S/R
\- Relative Volume Over 1.5
\- RSI - Overbought (60)
The total filters should look exactly like this:
https://preview.redd.it/98n1pat2qqfg1.png?width=2854&format=png&auto=webp&s=ae0bb485208fd7843177fdf3293f3fda060b5c15
This scan I just did gave me 51 total stocks. I like to switch to the "charts" tab on finviz so I can browse through the charts and see what they look like to find good setups.
https://preview.redd.it/9dz8vxy6qqfg1.png?width=2908&format=png&auto=webp&s=4205f1917623e36029d496514c94da65138eb60b
I tend to get longer term options, usually a few months to a year out and just let them ride.
Even 1-2 year long options can go 100-400% in a single month or a few weeks if you get a good move. The big mistake people make is getting way too short of expiration for these.
I also don't get into every stock on the watchlist. I have a few other filters I use to get in, but recently started using automated bots to just get in for me so I don't need to keep making new scans.
But even if you wanted to do it manually, all you do is:
All you have to do is:
\- Scan for setups
\- Add to watchlist
\- Set Alerts
\- Take the trade
Has anyone else tried this?