spiderscan

on my time off from trading i have been playing with some new scanning software that i found at the amibald blog. it is called spiderscan and it's pretty cool. it aggregates all the gapping stocks, from finviz, td ameritrade, prophet, briefing and some other websites. then you can export them right to quote tracker. then with quote tracker you can of course sort by gap size, range (i use this to find stocks that are at their 38% retracement levels), or i sort by how much volume they are doing that day. quote tracker is awesome and i use it everyday for my watchlists and for my charts. i would pay for it, but i don't need to. if you have a td ameritrade account, it is free.( i used the product before td ameritrade bought them, and the service is still as good as ever) if not, i think it's $60 for a year. then you can use your broker as the quote feed. quote tracker can get quotes from many brokers such as td,scottrade,iq feed, the list goes on and on.

as some of you may know, i also use trade ideas, which is an awesome product but, it doesn't always catch all the gappers. i don't know who said it, either trader x or wall st warrior, but they get their gappers from a few different sources because one source may miss one, and that might have been the good one on the day. it happened to me a few weeks ago, where i saw at the end of the day OSK and it had never come up in the morning scan. but when i rescanned at the end of the day it came up, go figure.

the point of all this, is that these are great products which are very inexpensive and save alot of time. think, if you had to get your gappers from briefing, finviz, and prophet and then type them in seperately into quote tracker or copy/paste over to quote tracker. no matter what, this is going to take 15-25mins. and it's annoying, and you may type the wrong symbol. with these products it's done fast. with trade ideas it automatically fills out my portfolio windows with the gappers on the day. one window for gap up, one for gap down. with spider scan, all i need to do is highlight the stocks i want to move over, and hit the space bar. there are advantages to doing it either way. i like that with spider scan i can exclude some stocks, where with trade ideas i would have to delete them after they showed up in my portfolio window. and if i don't turn off the gap scans in trade ideas, it will put that stock back in the portfolio window later in the day.

if this is all crazy confusing, sorry. ask questions.

http://www.quotetracker.com/

http://spiderscantool.blogspot.com/