thinkorswim Scanner Setup to Find BREAKOUT STOCKS Before It's Too Late

Welcome to the trade inquiry where the stock doc explains how to use Thinkorswim to create a stock scanner setup that can help identify stocks like GME and AMC that receive a lot of attention in a short period of time and therefore skyrocket. This article will guide you through the process of creating a stock scanner on Thinkorswim and understanding how to identify potential breakout stocks.

Once you're in Thinkorswim, follow these steps to set up your scanner:

Go to the Scan tab.
Add filters for percent change, stock price range, volume, and trade volume index.
Set the filters to identify stocks with high percent change, volume, and trade activity.
Scan for stocks that meet these criteria and analyze their charts for breakout opportunities.
Consider trading strategies based on the identified breakout stocks.

By following this scanner setup on Thinkorswim, you can potentially find breakout stocks before they make significant moves in the market, allowing you to capitalize on the volatility and momentum associated with these stocks.

Keywords

Thinkorswim
Stock scanner
Breakout stocks
GME
AMC
Volatility
Trading strategies

FAQ

How can I use Thinkorswim to create a stock scanner setup for identifying breakout stocks?
What are the key filters to include in the scanner for finding potential breakout stocks?
How can I analyze the charts of identified stocks for trading opportunities?
What are the risks associated with trading volatile and momentum-driven stocks like GME and AMC?
Where can I access the specific scanner setup mentioned in the article?