Stock scanners are essential to becoming a profitable trader. Are you looking for a good stock scanner to add to your trading tools? Below are a list of our favorite stock scanners. Just click any of the buttons to read our full in depth reviews, or read this page for a highlight on each one.
Finding a stock scanner that matches your trading style is important to your trading success. It helps you find the stocks that are running and have the best setups. Here at the Bullish Bears we've tried and tested a bunch of stock scanners and have narrowed them down to our favorites.
No matter the style of trader you are, be it day trading, swing trading or long term, finding good stocks to trade can be overwhelming. The strength of your trade depends on being able to find good plays. Hence the invention of the scanner. They do all of the heavy lifting for you.
Stock scanners help you as a trader to filter stocks. There are numerous stocks out there. However, some have better setups than others. That's where a stock scanner comes in.
You can customize your stock scanner to look for the criteria you like to trade. Each scanner comes with their own preset scans. However, you can customize scans to look for technical analysis setups, fundamental analysis setups or both.
We as traders get comfortable trading certain strategies. They become familiar and therefore we can trade them successfully. As a result, being able to customize scanners to look for that criteria gives you the edge you need. We share our stock scanners live in our trading rooms and stock trading service. We also have a basic stock trading course, day trading course, and candlestick charting course on our website if you need more helping getting started.
Trade Ideas is one of our favorite scanners and they are a household name in the industry. We love Trade Ideas because they're easy to use once set up (become a Deluxe Yearly member and receive our custom-built Trade Ideas scans). It provides a ton of data with an easy to use interface and is constantly being updated. In fact, it helps us work smarter not harder.
We love the high of day momentum scanner; especially as day traders. The trades that have massive volume, bullish break outs and high of day are right at our fingertips. This stock scanner is mostly associated with the day trading crowd. However, there is something for everyone.
Day trading moves quickly. As a result, you can get frustrated trying to find moves before they're over. Trade Ideas brings those plays right to your trading doorstep.
Trade Ideas has a default "channel bar" where you have easy access to many stock scanners. For example, biotech, volume, pre-market, options, penny stocks to name a few stock scanners. Everything you could ever want to see is right there for you to take advantage of.
Yes, Trade Ideas even has an options channel. We love their options channel because we know when options plays are happening real-time. They have both basic and advanced options plays. Whether you're looking to trade calls and puts or spreads and condors, there's a channel for you.
In fact, we stream our Trade Ideas Scanner to our members every day. As a result, you don't have to buy it until you're ready. However, we do recommend getting the scanner for yourself once it's feasible so you can make your own custom scans.
Read our Trade Ideas Review to learn more about the different features available and receive your Bullish Bears community discount. We also share our Trade Ideas screen share live each day in our trading service community. Make sure to take our free stock training courses on our website. We also have a ThinkorSwim tutorial and Interactive Brokers Platform course to help you set up your accounts.
Stock scanners like BlackBox Stocks is another one we use frequently and love. This stock scanner is great for penny stocks, mid cap stocks and options. BlackBox Stocks is all about ease. As a result, their platform is very convenient to use.
They display everything on a single screen. That means you don't have to go looking through different pages for what you're looking for. It's all right there at your fingertips.
Their stock trading scanner alerts you to potential trades using something called High Frequency Trading strategies. This means they look at pre-market and post market information coupled with social media. As a result, they pair that with their scans and you're notified of potential plays.
Black Box Stocks is simple and easy to use as well as convenient. They have a Discord chat room where they're available to answer any questions you might have, which is helpful if you're for how to learn stock trading.
Another great aspect of this scanner is their news feed. They have an all day streaming news feed that's included in their membership. That means you don't have to play for a streaming news service on top of scanners. That in and of itself is a great value.
Read our BlackBox Stocks Review and receive your Bullish Bears community discount.
Stock scanners like Benzinga Pro are another tool the Bullish Bears team uses. Benzinga Pro is known for their news streaming service. We know that the stock market is a tug of war between buyers and sellers. As a result, news moves markets.
Traders need to be up to date on the happenings of stocks and the market. Earnings, management, news, and quarterly reports can and will have an affect on stocks. Hence why we are big fans of Benzinga Pro.
In fact, Benzinga Pro offers quite a lot. Not only do you get a full news feed, you also get rumors, analyst ratings, economic calender's and sentiment indicators. You also get volume and price movers, options alerts and trader floor commentary. You can see that's quite a lot.
As traders, you know that you have to focus on a lot to make sure your trade is working to plan. You can't be distracted and that means reading the news. Benzinga Pro has their Benzinga Pro Squawk.
This feature reads out breaking news to you. As a result, you're not missing anything that could potentially affect trades before they hit the stock scanners. This is great if you're looking for volatility. We know that day traders are hunters of volatility.
Being aware of potential volatility moves before everyone else can give you a potentially better entry. Their scanner is another great part of their service. They can either scan by sector or, if left blank, scan for all stocks. If you're an intraday trader, you can set their scanner to look at intraday time frames and scan accordingly.
Read our Benzinga Pro Review to learn more about what they offer and receive your free trial.
TrendSpider is the leader in algorithm trading especially when it comes to technical analysis. Sometimes we can make mistakes on drawing out trend lines and patterns which can cause us to make a bad trade.
TrendSpider combines math and computers to give perfect technical analysis. They have automated Fibonacci Retracements. Which, because of the automation, have pinpoint accuracy. Just think of the edge that can give you as a trader. To have the most accurate profit targets drawn out for you.
TrendSpider also has the ability to recognize candlestick patterns. If you're a Bullish Bears member then you know how much we love candlestick patterns and their importance when trading. You can choose which pattern to look for and TrendSpider will analyze the chart and highlight it for you.
This platform also allows you to set alerts. Stock scanners can find you the plays and you can set the alerts to go off when they hit your criteria. In fact, we've done a few webinars with TrendSpider, which you can find on our YouTube channel, which goes in depth on how to use their platform.
Read our TrendSpider Review to learn more about this platform and receive your Bullish Bears community discount.
Looking for stock scanners that don't cost you anything? ThinkorSwim has got you covered. They provide their stock scanners free to their clients.
You'll have access to their charts, which we love, as well as their scanners. ThinkorSwim has their own default scans you can use. However, you can also build and customize scans of your own. You'll also have access to their simulated trading platform.
There you can practice trading based off the tickers you find from the scans. They also have a news section and again their charting is unmatched. This platform is probably one of the most popular platforms to trade from because it's a one stop shop.
You have access to charting, technical analysis tools, alerts, news, stock scanners, just to make a few all without having to pay an arm and leg. That, in and of itself, makes it great for new traders. Download our free candlesticks charts e-book.
Many of our community members, when starting out, are looking for more economical platforms. Which is why we're big proponents of ThinkorSwim. We recommend not spending money on fancy stock scanners until you can afford it.
FinViz is another great free stock scanner. This is a browser based scanner. There are many different filters available for you to scan. For example, you can scan for candlestick patterns, RSI, market cap, unusual volume and more.
There is a scan for every style of stock market trading and investing out there. Again all for free. You can even customize scans for yourself and save them as well as share them with others.
It has a feature on their home page called a heat map (pictured below). This is separated into sectors and shows you exactly what's going on in the market currently. You also have access to major news sources and blogs.
Read our FinViz Review to learn more about the tools available to you on their platform.
Stock scanners are important tools of the trade. Many times they can get overlooked when you start out because you're learning so many other things. However, stock scanners are great for narrowing down potential plays in a world filled with hundreds of thousands of stocks and they are essential to becoming a profitable trader.