The Importance of Building out Filters

The reality is, most traders are lazy, or they just don’t understand the value in this!

But let’s analyze two different traders and logically think through who has a better shot.

Trader A: Every day, this trader shows up to the market and simply looks at three scanners: a top gainers scanner, a top losers scanner, and a high relative volume scanner. This trader is constantly flipping through 50 to 100+ stocks each and every day.

Trader B: Every day, this trader shows up, opens his layout, and sees that only 5 stocks are showing up across the board between all of his custom strategies that he has built out into filters.

You see, most people are Trader A. They are sloppy with their tech stack, and they are constantly trying to play offense. They’re trying so hard to find the next opp to trade that they often find themselves in a whole lot of junk and unsure why. This trader often says things in the review process like, “Forced trade. There was no opp here. I’m not even sure what to tag this in my Tradervue.”

Let’s be real, we’ve all been this type of trader…

But if you can push toward becoming Trader B, where you are only seeing tickers when they set up within the strategies you deploy, your life becomes a whole lot better!

You stop overtrading…

You stop wasting so much time flipping through tickers…

You focus on what you do best!

You buy back a ton of your time that you can deploy in other areas of life.

You start making more, as a result of focusing on just what you do best.

You see, the goal is to become Trader B.

What do you focus on in the market, and what do you do best?

Why not try to spend the next couple of days writing it out in simple logic, and then building it into custom-built scans powered by Trade Ideas? If you need help with this, reach out to me in the Overnight Momentum trading Discord. It’s completely free to join.

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Articles, Trade Ideas, Trading Tools