ThinkorSwim Stock Alert Scanner and Scripts Live Stream

Introduction

Good morning, Traders, and God bless! I’m Ricky Gaspard, your host for this premarket session. Just like every morning, we’ll be closely monitoring the volume spikes using our scanner, which alerts us to anything moving in the market.

Once we see the volume numbers begin to rise accompanied by a green indication, I'll click on that stock to analyze. We then check the current bar volume to ensure there is enough volume for a safe entry and exit. It’s not about a specific number; rather, we look for good volume flow. Once it’s confirmed, you'll start to see the price go up.

When the price begins to rise, I’ll mark a resistance level. Afterward, once the price pulls back, we’ll establish a support level. If you’re a beginner trader, you typically want to enter on the second run-up. Usually, this run-up will exceed the first but make sure to confirm that the green volume bars, which indicate buyers, are climbing above the yellow average volume line, and that the Blessing Indicator is also trending upwards. These two confirmations signal that the price may move in our favor.

Once everything aligns, we’ll take a position and then exit when we feel we’ve made enough profit. It’s important not to chase the highest point as this is where many traders experience losses due to sudden sell-offs.

Please remember, I am not a financial advisor. Always consult with the proper authorities before taking any of my suggestions to heart. Ensure that your TIF (Time in Force) for active trading is set to EXT for extended hours.

I appreciate everyone tuning in this morning. I’ve noticed a few stocks on the move, such as IVP. These stocks usually spike just before market openings, but be aware that they could drop or continue to rise when the market opens—only time will tell.

As the market opens at 6:00 AM sharp, we will keep an eye out for volume spikes to identify potential plays for the morning session.

It's also worth mentioning that I made some changes to my indicators over the weekend. If your arrows aren’t reflecting mine, it’s likely because you need to update them.

We had a few stocks running up, such as NIV and IVP, but I’m looking for stronger signals this Monday morning.

As we watch the market, we want to see green in the volume spike column, indicating buyer activity. The current market is showing little movement, so we’ll remain patient and observe the trends.

Keep in mind that trading stocks typically means watching several indicators and analyzing movements carefully. We want to ensure the stocks we invest in exhibit a healthy rise in volume above the average volume line.

As the day continues, we’ll monitor the market closely for any new opportunities. Remember to take profits on spikes and not to hold out for the maximum gain, as this can lead to losing what you've earned.

For those of you new to the stream, I’m happy to share that live streaming sessions continue until 9:30 AM.

Thank you for your engagement in this morning’s live stream. I hope everyone can enjoy their trading day and seize profitable opportunities.

Keywords

• ThinkorSwim
• Stock Alert
• Scanner
• Volume Spike
• Resistance Level
• Support Level
• Buyers
• Indicators
• Trading Strategies
• Premarket Trading

FAQ

Q: What is a volume spike?
A: A volume spike refers to an abrupt increase in the amount of trading volume for a particular stock, often indicating heightened interest or activity among traders.

Q: What should beginners watch for when trading?
A: Beginners should look for second run-ups and confirm that the volume bars are rising above average levels before entering a trade.

Q: Why is it important not to chase profits?
A: Chasing profits often leads to losses when sudden selling occurs. It’s essential to take profits when you feel satisfied rather than holding out for the maximum increase.

Q: How can I ensure I'm trading with the right tools?
A: Regularly check for updates on your trading indicators and scripts to ensure they reflect the latest changes and improvements.

Q: Is there a community for trading discussions?
A: Yes, joining trading communities, like Discord channels, can provide valuable insights, stock picks, and immediate updates from others in the trading space.