But over time, swing traders find that these listings don't address their growing needs and they start to build their own custom databases. These valuable tools rapidly organize market information and scan for impending setups, often in real-time. Scans provide an efficient method to uncover subsets of the market universe that match individual risk tolerance.
Experience develops an affinity for stocks at defined sectors, liquidity and volatility.
Scan filters target these unique quirks and do an excellent job focusing on specific information needs. Most CD and online market databases now contain entire exchanges of individual issues. Create a subset of this total stock universe to isolate all the major categories and sectors of interest. But avoid too many rules and filters. The beaten up sector in today's market could become liquid and volatile in a relatively short period of time.