ThinkorSwim Stock Alert Scanner and Scripts Live Stream

Education

Introduction

Good morning, traders, God bless. I'm Ricky Gaspar, your host for this pre-market session. This morning, we will be watching for volume spikes on both the watch lists or scans—however you want to look at it. We're monitoring these numbers to take off, but I may sort by volume to keep an eye on potential runners. Let’s change things a bit and start by watching the volume.

Once we see a stock taking off, we will look over to the current bar volume to ensure there's enough volume for safe entry and exit. What I mean by that is, the volume should be quite high. We are looking for volume flow. After we see a price run-up, I will mark a resistance level. Once it pulls back, I will mark a support level.

You want to plan your entry as close to the support as possible before the next run-up, but not without confirming. Let me zoom in a bit: We need tall green Dominator bars here in the Dominator master, and the "My Blessing" indicator pointing somewhat north. These indicators reflect the balance between buyers and sellers; we'd like to see an upward angle. The white line trends the stock, and we want to see it trending up.

Once we identify a volume spike, we’ll confirm the volume and look for price bounces. I will mark resistance and check the Dominator bars and indicators. If it seems like a good buy, the decision is up to you.

Remember, never trade based solely on my screen. My screen can sometimes be delayed, which can cost you money. Consult with a professional financial advisor before taking any of my advice. I am a trader who works from his home office, sharing my experience. Be sure to reach out to the appropriate financial experts before initiating any real trading.

For beginners, start with paper trading. Once you're profitable on paper, move to real trading with small share sizes. Gradually increase your share size if you continue to be profitable. Thanks for joining me this morning as we watch DJT at the open. I plan to grab a piece if it moves in my favor. Be cautious—it has already risen from $ 31 to a high of approximately $ 54.

There might be some profit-takers at market open, a small struggle initially, but we hope it breaks through and moves upwards. Only the open will determine the direction, so be careful with your selections. Play this stock cautiously—start small and add positions on the way up. Remember, there are no halts in pre-market; it could go up depending on buyers and sellers.

We have about a minute before the market opens. Ensure your active trader is on TIF EXT for extended hours. And my condolences to former President Trump and his family; it's unfortunate news, but anticipated. Prayers for them during this time.

As we approach market open, be ready to monitor the direction of DJT cautiously. If the price behavior aligns with positive indicators, I will execute a trade. For traders who can't afford this stock's price, keep an eye on the pre-market risers scan. I will focus on this stock to see how it performs.

Other stocks on my radar might have developments we can trade on. For instance, REBB under $ 1 might have a pullback play. Similarly, SCNI and others might present opportunities. Keep watching the volume spikes, Dominator bars, and indicators.

Remember, anything below the 34 EMA usually involves a higher risk. Watch for buyer volumes on Level 2 and use indicators to guide your decisions.

I will be streaming live on YouTube for an hour each morning at 5:55 a.m. (Central Time). Be sure to join us. It’s been good having you, and as always, God bless. I hope you have a great trading day, and I'll see you tomorrow morning.

Keywords

  • Pre-market session
  • Volume spikes
  • Dominator bars
  • My Blessing indicator
  • TIF EXT
  • DJT
  • Support and resistance levels
  • Real vs. paper trading

FAQ

Q1: What is the main focus of the pre-market session?

A1: The main focus is to monitor volume spikes and price movements on stocks, identifying key levels of support and resistance, and using Dominator bars and indicators to guide trading decisions.

Q2: What should beginners do before starting real trading?

A2: Beginners should start with paper trading to become familiar with the process and only switch to real trading once they are consistently profitable. When moving to real trading, they should start with small share sizes.

Q3: Are there any specific tools or indicators mentioned?

A3: Yes, some key tools and indicators include the Dominator bars, My Blessing indicator, Level 2 ask side, volume spikes, and trading above the 34 EMA for better accuracy.

Q4: What precautions should be taken when following the live stream?

A4: It is essential to understand that the live stream can have screen delays, and one should not solely rely on it for trading decisions. Always consult with a professional financial adviser before making any trading moves.

Q5: When does the live stream take place, and on which platform?

A5: The live stream occurs on YouTube every morning at 5:55 a.m. Central Time, covering the pre-market session for an hour.