Thread by @DodgysDD

🚨THREAD ON HOW TO FIND PLAYS🚨

I’ve been getting TONS of dms asking how I find my plays/setups and I’m going to give you the most honest/helpful answer I have. This is for option and shares plays.

When I first started trading, I was like you guys, I would always DM/reply to people asking how they found their plays and I would get a TON of different answers. Overtime, this is what I learned:

This is going to be a lot to explain, and I’ll try to organize this the best I can, so try and bear with me. It will probably take two threads to explain all the different options to find stocks, so the next thread will be linked at the end of this one.

SHARES: When I first started trading, I always saw the 50%-100% gainers each day and I always wondered how people from twitter who post “LETS GOO *posts 75% gain on random stock that randomly skyrockets* WE BANKING” found that play/knew it would skyrocket at some point

I am going to try and explain this in as simplest terms I can, and for you experienced traders who know how “float,” “% shorted,” and share structure in general impact the stock, I am not going to explain any of that for the time being since most newbies don’t know what that is.

Starting off, I always thought there was some magic scanner you had to use to get rich, and if you don’t know what a scanner is, it’s basically a system where you can put a bunch of requirements in to find stocks that meet that criteria. So if one of the options is “stock under

$10 price,” when you click search, you will only see stocks under $10. Well, there’s no magic scanner on the internet that will find you the next best play. There are very expensive scanners that some profitable traders use because they have the money for it, but you do NOT

need an online paid scanner, and I know TONS of good profitable traders who don’t even use scanners.

So what do you do? Well, I tried using finviz (will explain in a bit) at first to find bottomed out stocks, but it didn’t work that well for MY trading strategy.

This is where the type of trader you are comes into play, if you are a swing trader (someone who likes to hold overnight to a month), finviz can be a great tool in order to find bottomed out, high shorted, cheap stocks. Basically, go to finviz.com, click on screener,

and put these requirements in as I have here in this picture. What you will see are charts like the following, and you want to click on the bottomed out part. I know a lot of you are busy/lazy and don’t have time/want to do this, so in a bit I will explain a secret…

Once you get more experienced, you can adjust the requirements and add in stuff about volume or change the market cap etc, but this is generally what your looking for. Often times, these charts that are bottomed out like “SY” in the pictures, will sometimes get “pumped”

from people with big followers on twitter, so buying in if it’s maintaining a certain range (with a stop loss under that range) can often be rewarding if you are patient enough to wait for pump. Heres why I dont like this strategy though, some of these companies are horrible

and they are low for a reason, and it’s kind of hit or miss which I consider gambling if you play the wrong chart. That’s why I use TWITTER and DISCORD as scanners. If you follow experienced traders, often you will see them post these bottomed out charts FOR you, and usually

these bottomed out charts supposedly have good news, like a merger coming up that could cause bigger twitter traders to tweet about it, therefore raising the volume. If you play a chart on your own from finviz, and you don’t see anything positive about it when you research about

it, but play it anyways, there’s a low chance it’s going to be found. The first couple people I followed that find these good plays (and potential next runners) are @Michael___Hunt @GreenLockerRT @HowieLongggg @OakleyA96 (and a few more but no room for tag). They usually post

bottomed out charts and that’s where sometimes I will hop in just in case they start to get pumped on twitter, and I DO NOT use a scanner or anything, because twitter is my scanner. I know some of you are lazy and won’t wanna use finviz so twitter and discord saves time lol.

The benefit of hopping in while these are bottomed out, is you have a really good risk to reward, because often times there’s no more sellers because everyone sold already so it sits in this certain range, and usually you wait a few weeks to a month with news or a pump by a

twitter FURU, and that’s when you can hit a big play. Pay attention to see if there is unusual volume (random high spikes of volume but price doesn’t move much) because that often means someone (an insider who might know more than we do) is accumulating, or loading up shares

because they might know it’s gonna run. DISCLAIMER: THIS DOES NOT WORK EVERYTIME, and if these stocks do end up running, some can be tiny runs, like 5%-10%, the ones with FDA approval news run much more than that which is why you want to pay attention to news.

That’s for SWING trading, and there’s more to talk about such as why furus pump charts they do (because of the thin float but you will learn that along the way) but I am not experienced in swing trading.

Now for finding stocks for day trading, remember this is going to transition to another thread so make sure you click it, because it doesn’t end here.

Remember how I mentioned how there are 50% or 100% gainers in the market some days? Well, usually it’s because of some type

of news premarket, and that’s why premarket is so important. On webull, or any other trading platform, there should be somewhere where you can find “top premarket gainers,” and that’s where you can find potential runners for the day.

If you are a day trader and like big moves RIGHT as they happen, looking at the premarket gainers every morning or having some type of notifications on for news is a VERY good idea because this is where all of the 100% runners come from. For the news, follow @DeItaone and

download yahoo finance or follow @manpreetkailon or @mikalche, as they all post news for a variety of tickers. Once you become more familiar with the news, you will notice the certain types of news that causes a stock to run more, I can’t teach you that, that’s screen time.

Anyways, you should put premarket gainers on your watchlist (usually top 5 or just the ones over 10-20%) depending on the news, because often times

Next thread:

https://twitter.com/dodgysdd/status/1450246301111697408

another thing i wanna say about this that i forgot to mention is this, I used to think that i had to find my OWN play to be successful but lately I notice if i see a top gainer on webull and i like the price action, there’s probably already people on twitter playing it

and that’s okay, you DONT need to find ur own unique play if someone else on twitter has the same play it’s probably a good sign