This summary of the video was created by an AI. It might contain some inaccuracies.
00:00:00 – 00:11:37
The video provides guidance on using stock screeners to filter out irrelevant stocks and focus on those meeting specific requirements. Criteria for stock screening include factors like Beta, EPS growth, Return on Equity, and Current Ratio. Various trading strategies are discussed, including identifying oversold bounce plays, focusing on breakouts and corrections, short plays, and bounce plays off moving averages. The importance of following trends and specific preset screener settings for bounce plays, dividend trades, and high-growth companies is emphasized. Viewers are encouraged to tailor settings to individual trading styles and preferences for successful stock selection.
00:00:00
In this segment of the video, the speaker discusses the importance of using a stock screener to filter out irrelevant stocks and focus on ones that meet specific requirements. They highlight the benefits of using screeners and provide insights on how to set up a stock screener using FinFiz as an example. The speaker emphasizes the need to tailor the settings to individual trading styles and preferences. They introduce a strategy for identifying stocks for long-term investments, focusing on stocks with steady growth and setting filters for market cap and moving averages. The speaker encourages viewers to watch the full video for more preset screener settings and offers assistance for understanding specific settings upon request.
00:03:00
In this segment of the video, the speaker outlines specific criteria for stock screening, including a Beta over 1.5, EPS growth over 10% in the next 5 years, Return on Equity above 15%, and a Current Ratio over 1.5. The video explains how to use these filters on Finfiz and emphasizes that the resulting stock list should be viewed as potential trades to be further researched, not definite selections. The narrator also discusses customizing filters to reduce the number of stocks to analyze and demonstrates how to conduct technical analysis using the platform. Additionally, a strategy for identifying oversold bounce plays is introduced, focusing on stocks that have dropped but are now showing signs of a rebound, with criteria such as stock price over $5, oversold RSI, upward price change, and high relative volume.
00:06:00
In this segment of the video, the speaker discusses different trading strategies for stocks.
1. For the first strategy, the focus is on stocks that have recently gone down and are starting to correct. The recommendation is to be patient, put them on a watchlist, wait for confirmation, and then enter for potential gains.
2. The second strategy involves looking for breakouts, where stocks are reaching new highs and are in a strong uptrend. Criteria include being above key moving averages, having a return on equity over 20%, low debt/equity ratio, and high average volume.
3. The third strategy focuses on short plays, looking for stocks with a market cap over $300 million, price over $5, high float short, high average volume, and relative volume over 1.
4. The final strategy discussed is bounce plays off moving averages, where stocks are expected to bounce off moving averages as support and head upwards.
Each strategy has specific criteria and indicators to watch for potential trading opportunities.
00:09:00
In this segment of the video, the speaker discusses different trading presets for finding stocks with specific criteria. The first preset focuses on stocks looking to bounce off moving averages with high volume indicators. The second preset is for dividend traders, seeking undervalued stocks that pay dividends and show growth potential. The final preset targets companies with high growth and earnings, requiring the price to be above the 200-day moving average and specific growth and sales metrics to be met. The speaker emphasizes the importance of following trends and suggests strategies for entering and exiting stocks.