ThinkorSwim Stock Alert Scanner and Scripts Live Stream

Introduction

Good morning, traders! I hope you all had a wonderful weekend. I enjoyed my little break, though it seemed to fly by quicker than I would have liked. Each morning in our live stream, we focus on two main columns, and today we are sorted by momentum (Momo). We will watch for the top numbers as they begin to take off.

Once we see the stocks gaining momentum, the next step is to check the current bar volume. It's essential that this number is actively moving rather than remaining dormant. We want to observe a robust battle between buyers and sellers. When you notice the price rising, I will mark a resistance level with a line, and upon a pullback, we will mark a support level.

If you are a beginner, it is advisable to plan your entries around this support level, especially if we are looking at long green Dominator bars—these represent the volume bars indicating buyers and sellers breaking above the yellow moving average line (note that this is a moving average volume average line, and I’ll get that right!).

It's important to confirm that the My Blessing indicator is also moving upwards. With volume on the rise and prices increasing, and with the Dominator bars signaling strength, that's when it’s a good time to decide on entering the trade.

Please keep in mind that I am not a financial advisor. I’m a coder who teaches how to use these indicators, and once you familiarize yourself with them, trading becomes much more accessible. If you’re new or even if you’re seasoned, I strongly recommend connecting with a financial advisor to help guide you in the right direction.

I appreciate you joining me this morning. We have just about three minutes left until the top of the hour when the pre-market opens. Ensure that your Active Trader TI is set to extended hours (EXT), or you may miss out on trades.

This morning, we’re watching a few stocks bounce around, and while there isn't much positive action yet, it could turn into a tough week. I’ve heard that there are several reports set to be released on Wednesday, which could affect market direction, but we will monitor how things play out.

Pre-market trading can often reward us with several opportunities before the regular session begins, so let's keep up our pace to ensure that we can make some profits. There’s usually at least one stock that starts to pop just before the market opens. Right now, we have NCNA showing some potential.

For anyone who is a beginner or has only been here for a few days, I highly suggest practicing paper trading until you get the hang of things. Everyone here has gone through this phase, trading with very small share sizes until they become more comfortable.

All our indicators are live and do not depend on past history for predictions. We’ll be watching the end of these indicators closely. As we approach the top of the hour, let's see what opportunities lie ahead.

Currently, we’ve seen some solid movement at 626, moving up to 628. The green Dominator bars are promising—this trend is positive. I won’t exit the position until I see some red candles coming in, but remember to take profits as these prices start to spike.

If you manage to buy enough shares, you can potentially make a full paycheck in one green candle. We’re reaching as high as $ 7 now; it’s great to see profits flowing in. Remember, don’t be on the sidelines—take your profits when they’re available and don’t let greed get the best of you.

After we’ve seen sufficient movement, if the indicators begin to show red, that’s your cue to exit. It’s a good idea to have a strategy that includes watching for these tall green bars above the average volume line, ensuring you’re in alignment with market trends.

Going forward, if we see the indicators start turning back to green, that could signal another entry point. Keep an eye on these metrics as we progress through the trading day.

Thank you for joining me this morning. I love helping others to succeed in trading, and it’s incredibly rewarding to see many of you making money. Our aim is to track where buyers and sellers are active and make decisions based on data rather than speculation.

As we conclude the pre-market session today, I’m happy with our performance. If you're enjoying what we do here, please hit the like button on this live stream. Feel free to join our Discord for more resources. Remember, I run these sessions every Monday, Wednesday, and Friday at 6:00 AM.

Keyword

• ThinkorSwim
• Stock Alerts
• Live Stream
• Trading Indicators
• Momentum
• Volume Bars
• Support Level
• Resistance Level
• Pre-market Trading
• Financial Advisor

FAQ

Q: What is ThinkorSwim?
A: ThinkorSwim is a trading platform that provides tools and resources for stock trading, including real-time pricing and trading indicators.

Q: How can I use trading indicators effectively?
A: To use trading indicators effectively, follow the trends indicated by volume bars and the momentum of stocks, and make decisions based on current data rather than historical data.

Q: What should a beginner trader do before using real money?
A: Beginner traders should practice paper trading until they feel comfortable with the market, using very small share sizes to mitigate risk.

Q: Is it important to take profits during trading?
A: Yes, taking profits when the opportunity arises is crucial. It prevents losses from occurring if the market turns against you.

Q: How often do live streams occur?
A: Live streams occur every Monday, Wednesday, and Friday at 6:00 AM.