TRADE IDEAS REVIEW
This review looks at how to use Trade Ideas to be a better trader. The morning gaps are posted daily below plus we live stream it for members in our trade room.
In this Trade Ideas review you're going to see why and how we use trade ideas to trade the markets. We think its one of the best scanners for traders available and you will see why it's as popular as is below. Our main goal is give you an understanding of it's features and discover how to unlock its true potential. Lastly, we have a special gift for you that will help you get the most out of the scanner!
Keep in mind we post their daily pre market runners by 9 am, so make sure to bookmark this page and check it daily for the hottest morning movers, along with all the statistics traders pay attention to! Yes, these are the stocks with the most eyes on them each morning by both retail and institutional traders and all the trading groups!!
Save 15% off using promo code “bullishbears” at checkout.
1. Why We Love Trade Ideas
I’ve had a lot of time to learn how to use Trade Ideas since I became an active day trader. I'm also a busy professional, a father, soccer coach, and I need to have good time management skills to keep my life from descending into chaos. That being said, Trade Ideas serves a great purpose in my daily routine as a trader.
Trade Ideas has saved me TIME; which is arguably the most important commodity that we as people have. While its true that I’ve had decent success using other stock screeners from other websites and brokers, one thing is true...
Almost all the other stock scanners I have tested are slower, more cumbersome, and don’t have many of the features that Trade Ideas has assembled in one package. And the user interface of trade ideas is among the most unique out there.
Competitors also don't update with new types of scans, I have to do it myself! With Trade Ideas, they are building "out of the box" strategy scans that a trader can use and not have to tinker with.
Best Scanning Software
That being said I believe Trade Ideas is the best software hands down. This is because:
- Ease of use for a new or experienced trader
- The sheer amount of data it provides, you will never run out of trading ideas
- User interface is unique in the industry
- Paper Simulator for paper trading included
- Constantly being updated by the developers.
- Customization to have the scanner ONLY show YOUR Setups (PS we share our scans with you!)
- High Of Day Momo Scanner is....epic!
Just when you think it can't get any better, it does! Why you ask? Well, the developers keep investing in the software. They are one of the top trading companies in the industry.
If you want a trade ideas free trial, you should really consider becoming a member so you can watch our screen share which gives you a powerful glimpse into how we use this software to trade.
How to Use Trade Ideas Scanner: Video Review
- Video tutorial on how to use Trade Ideas scanner
- Great scanner for day trading, swing trading, and options
- Customize by symbol, price, gap%, float, short float, volume today, average volume
- Get set up for scanning low float gapping stocks in the premarket
- We show you how to scan for momentum high of day stocks live
- Learn how to setup all of the different options scans
- Scan for stocks that have surging volume
- Hunt for parabolic movers
- Channel bar is easy to navigate
- Trade Ideas discount code included
If you want to see our trade ideas scanner live before you purchase it, join our stock market trading community! In fact, we use trade ideas daily for our trading activities. If you're looking for our handpicked day trade and swing trade watch list check out our official stock watch list pages.
1. Scanner Functions: Trade Ideas Review
The whole point of the Trade Ideas scanner, for me, was to work smarter, not harder. I want to save time, get actionable trade ideas and make money.
I need a layout that is simple, and information that is easy to digest and has high contrast. Trade Ideas certainly fits the bill.
Lets look at their high of day momo scanner. This beast takes the guesswork out of finding trades. In fact, they're stocks with massive volume, daily breakouts and price action that day traders search for to long or short.
There is a certain strategy for using the various scanner windows. Therefore, you'll need to get a feel for the stock plays it finds daily. I took my time learning the tool, and you should too. Don't just blindly trade the windows. Get a feel for it.
Day trading can be very chaotic and frustrating when trying to find the stocks as they break out, and with the best setups (that YOU like to trade). As a result, Trade Ideas brings them right to your screen, accompanied by all the information you could want. This is what gives your confidence to hit the buy or sell keys.
Instant charts, stock float information, volume percentage, average volume, and the list goes on. You can fully customize the screener to your needs with whatever columns of information you desire.
It doesn’t matter what kind of trader or investor you are, Trade Ideas keeps eyes on every facet of market movement. Furthermore, it delivers it to your computer in a stunningly simple format. Numbers and color codes.
It all depends on where your interest lies, whether you're into day trading strategies or swing trading strategies. The software has something for everyone.
2. Day Trading Scanner
Once you have purchased Trade-Ideas and are ready to rock, you’ll quickly notice that Trade-Ideas offers a default “channel bar.” This gives the user an easy to access, quick click bar, with multiple windows within the bar. It’s pretty much a dinner menu with an instant visual feast of market data.
Clicking on a window will take you to a default layout for that window. Your windows will load in your default monitor, in a default manner.
A quick tip for those with multiple monitors – you can save your Trade-Ideas layout on a specific monitor of your choosing. Just arrange your windows where you'd like and click save layout.
If you want to access our custom layouts, simply join our community as an annual member and we'll share them with you!
Save either to the cloud or locally on your hard drive. Make sure to watch our Trade Ideas review video on their scanning software.
I like to name the layout after the specific strategy and add to the name which monitor it is (ex. Momentum stock screener software – monitor 5).
That way, when I boot up their stock screener software in the morning, it loads exactly where I want it in the custom arrangement that works perfectly for my monitor layout!
3. Trade Ideas Review: Options Channel
One of our favorite channels is the options channel. With the options window we can know, in real time, where the options volume is exploding. Whether it's call and put options, we can quickly click on the symbol and the charts (5 minute and daily charts shown) will populate and give the user real time data. Options traders look for volatility and open interest for trading opportunities.
With this window, you’ll have opportunities to trade basic and advanced options strategies day after day. One of my favorites is to sell a bull or bear call spread, and collect the premium. I’ve added a few columns to the “Somebody knows something” window. I like having the 8/20/50/200 SMA percentage columns to show me where the stock is currently in relation to those technical indicators.
A popular strategy is to wait for the morning dip and buy the stock after a pull back to support. Also, for gapping down stocks, it is popular to short a stock when it breaks support. Make sure to watch our Trade Ideas review video on their day trading scanner and see why they are the best stock screener software.
If you’re looking for help with technical analysis of stocks indicators, look here. We have RSI and volatility percentage columns showing on the scanner picture above. We find it very helpful to read this data on the scanner at a quick glance. I like finding options plays at extremely oversold or overbought levels, and look for a reversal options play. Waiting for reversals is just a simple options trading strategy that I enjoy.
Another favorite feature is the Premarket channel. With this channel you get Up Gappers and Down Gappers broken into separate windows. Day traders and momentum traders look at the morning gap scan to find opportunities to “trade the gap”.
Whether you are a short trader, or long trader, or a little bit of both, learning to trade gap up stocks is a highly desirable skill to master. There are a couple ways to trade gap up stocks.
4. How to Use Trade Ideas for Finding Float
Once you’ve traded your morning gappers, you may move on to a channel such as Active Trading.
Active trading is a favorite of day traders and swing traders alike. With these windows, you’ll find unusual daily movers, a high stock volume radar, biggest bounce on losers and more.These windows are going to help a trader find active, volatile and liquid stocks to trade in and out of.
5. The Channel Bar Has It All
The channel bar has a lot of preset settings you can cycle through that has been tuned for very specific criteria. I like the volume, low float, penny movers windows, but there are so many more that are constantly improving that you may fall in love with.
The Low Float channel bar is also a very popular feature for traders who day trade these types of stocks.. The Low Float channel bar with the colorful Unicorn picture pulls up two windows. These two very simple windows will show you Low Float Stocks Making Moves and Low Float Winners Pulling Back (for potential dip buys)
Both windows bring to your attention the fast-moving world of low float stocks, with a quick description of each strategy within the columns. Check out the picture below.
Again, the columns show valuable information of critical importance. We like to see a decent change from the close, a high relative volume. With low floaters, gap and go and stocks in general, we'll look for a pull back or dip buy and ride the momentum up for as long as it lasts.
Then we sell. Low floaters are extremely volatile and many traders do not like the risk they present. Only trade them if you are comfortable! Always use hotkeys.
Pays for Itself
Trade-Ideas helps us find stocks that are moving in the market and quickly evaluate the information in an easy to read format which quickly leads to an executable trade. You'll save time, energy, and money with Trade-Ideas.
The subscription pays for itself if it only finds you ONE good trade. It'll find you many, many good trades though. The hardest part is knowing when to enter and exit a trade. That part's up to you.
If you need help with learning the ins and outs, you can check out our live streams and join us in our new and improved chat room. Make sure to watch our Trade Ideas review video on their stock scanner. You'll see more examples of how to use trade ideas there.
There is also several artificial intelligence channels that are dedicated to using only a computer to trade entries and exits. It has it's track record saved for you to review throughout the day, and I will say, it makes some incredible trades. Might be worth checking it out yourself if you are having trouble being consistent with your own trading ideas.
How Much Does Trade Ideas Cost in 2020? Pricing Review
- How much does Trade ideas cost in 2020? Standard monthly pricing is $118. Premium is $228 per month. Standard yearly pricing is $1068. Premium yearly cost is $2268. Trade Ideas promo code is BULLISHBEARS15 (all caps) to save 15% off.
Take Your Time
Our advice is to take your time with it, study technical analysis and momentum trading and give yourself time to adjust to the massive amount of information that their stock screener delivers to your mind. In the stock market world, it is easy to get overloaded with information, and our brains can only handle so much.
You owe it to yourself to give yourself time to get adjusted to the Trade Ideas and in a short time you’ll be making smart trading decisions. If you guys need any help, or have any questions, don’t hesitate to reach out to the team.
Hopefully this Trade Ideas review helps you to realize they are well worth giving a try. Thanks for reading and feel free to reach out with any questions or leave a comment below.
Enter bullishbears at checkout to receive your one-time 15% discount. Also, if you kinda want a trade ideas free trial, get in their mailing list here and watch for their test drives. Or you can become a member of this website and get a free trial to trade ideas that way. What you'll get as a member is access to our screen sharing where we share trade ideas all day with members. Thanks for reading our Trade Ideas review and be sure to check out our other videos on how to use it or see us use it live daily! Peace!