Scanning the stocks

How many peoples are able to find big movers....?

How many of them are able to pick big movers at right price....?

During day-trading the first question that a newbie even a 1-2 years experienced trader face is which stock should be looked …….?

Years back………when I faced the same question……..the journey began……..books…….and books…..and books…….full of ideas…….look for 3 -5-9-13 days……trend……,previous days values…….....this ......that.........Ridicules.

Is all this useful…….? Well....., will discuss some other day……..

Here I am giving my opinion………… if one has the same …….good……….if doesn’t have no problem……..every thing is in charts……..and for 15-30 minutes life I don’t need anything except 30-60 minutes data.

My simple opinion is one can scan the stock according to his requirements……..many software provide scan…..but problem is that either those software are beyond reach of a small trader…or too costly……

An other problem……..every-one has his own criteria……few peoples tracks only those stocks those are trading beyond 2-5% either side……..few searches ranging stocks……..

Anyway………my personal opinion is only 2 type of stocks should be selected, one those are trading near high and other those are trading near low…….the rest can be kept in watch-list with a predefined alert.

But the question is in a watch list of 50/100 shares it is hard to locket these stock in first view……..well, I am uploading an excel sheet here ....

This sheet generates the stocks those are trading in range of 5 from lowest/highest…..one can develop the idea on % basis or according to needs....

http://spreadsheets.google.com/pub?key=p65QPBPk8sfAu6o_RZMZbDA

(the original sheet that I prepared had some colour combination but after uploading at google that colour formating is not working.......anyway.......one can short the data according to value (near high/low) and ignor the stock with zero value in releted column.)