This post’s topic is about the criteria for best stock screener for day trading, and free stock screener for day trading will be described. Stock screener is a software that scans stock market data and gives the user a list of companies to choose from. It’s an essential part of day trading. In this post, stocks screening criteria for day trading will be reviewed too. Selection criteria of best stock for day trading, free stock scanner will be described.
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Benzinga Pro
If you’re looking for a one-stop shop for all the information needed to buy and sell stocks, look no further than Benzinga Pro. The comprehensive, all-in-one platform provides you with real-time charting and a massive range of indicators, screening criteria and alert options. Active traders in particular will love Benzinga Pro’s full calendar suite, which includes information on upcoming earnings reports, revenue announcements and other events.
Benzinga News supplies headlines as they happen. It’s impossible to read up on current events, review your portfolio and track stocks at the same time. In Benzinga Pro, the news feed updates with a yellow flash on your screen, revealing news that just broke within the last few moments.
Benzinga Wire headlines tell you everything you need to know, the updates occur sometimes seconds apart and you never miss market movement that could affect your bottom line.
With the news in mind, one of Benzinga Pro’s most unique features is Audio Squawk, which allows you to save time and screen space as the site reads you the day’s key headlines. With a wide range of unique features and a ton of useful tools, Benzinga Pro is the top analysis platform for serious traders.
Pros:
- Robust, real-time news feed
- Audio Squawk features reads the headlines for you
- Instant desktop and email alerts
- Unusual trading activity monitor
- Multi-security research capabilities
Cons:
- Most expensive analysis solution on the list
- Some tools may not be suitable for beginners
Ziggma
Take a look at Ziggma’s stock screener for a best-in-class user experience by signing up for a free account. The screening process is extremely effective. Search parameters are set on sliding scales without the need for manual entry, while search results are updated continuously.
Once you have a list of companies that fit your selection criteria, use the quick views to get an initial idea of a company thanks to a short profile, key performance indicators and mini charts illustrating the price trend.
Then add the company to your portfolio or dig deeper with Ziggma’s Company Profiles comprising professional-grade financial data.
Developed by seasoned Wall Street analysts, Ziggma’s proprietary stock research is available for yet more effective screening under a premium subscription.
While the free version already gives you a great screening experience, at only $9.90/month ($89/year) you get access to Ziggma’s proprietary stock scoring with sub-scores for valuation, growth, profitability and financial position for more effective screening. With a premium subscription, you also benefit from a suite of pre-configured screens by Ziggma’s experienced analyst team.
Pros:
- Quick and intuitive
- Pre-selection of important search parameters
- Ziggma’s proprietary stock scores
Cons:
- No free trial on Premium subscription
TradingView
f you’re looking for an expanded range of features with a simple design and layout, consider TradingView. TradingView offers a few different plan options, and there’s a free option if you’re only interested in testing out the features. TradingView allows you to view real-time streaming quotes on its paid accounts, and you can screen stocks using a wide range of fundamental and technical criteria.
Creating watchlists with TradingView is also a breeze — you can create as many custom watchlists as you need. If you trade forex or cryptocurrencies with stocks, TradingView also offers custom screeners for these assets as well. Combining a smooth design with powerful tools, TradingView is our top choice for the intermediate trader.
Pros:
- 12 customizable chart types
- Price, indicator and custom alerts available
- Over 100 fundamental and technical screening criteria
Cons:
- 4 plan tiers make it more difficult to choose a paid option
- Real time charting not available on free accounts
TC2000
After more than 25 years of refinement, the TC2000 stock screening package is as robust and powerful as you will find, making it our top pick as the best overall stock screener. Pros
- Wide selection of fundamental and technical screening criteria
- Nearly three decades of refinement and improvement
- Ease of use
- Screening for ETFs and options
- Interactive charts with chart drawing tools
Cons
- Only works with U.S. and Canadian exchanges
With its excellent selection of fundamental and technical screening criteria and powerful options and exchange-traded fund (ETF) screening, the TC2000 stock screener is as robust and comprehensive as it gets. In 1995, its award-winning stock screener was considered best-in-class, and it has outpaced the competition since, which is why we picked it as the best overall.
The entry-level Silver plan costs $9.99 per month, providing users with the opportunity to begin testing the EasyScan stock screener’s capabilities. However, you unleash its real power with the Gold and Platinum plans for $29.99 and $89.98 per month, respectively. All plans are discounted when paid annually.
The Gold plan provides full access to the EasyScan screener, including a simple step-by-step wizard for creating conditions. Users can jump from chart drawing tools into sortable watchlists that can set up to 100 alerts with simultaneous tracking.
The Platinum plan adds historical condition testing, automatic refresh intervals on scans, and sorts with up to one thousand alerts that can be simultaneously tracked. Platinum users can receive up to $300 in yearly discounts if they open a TC2000 trading account.
Its ease-of-use masks the power and robustness of its screening, scanning, and filtering. If you open a TC2000 brokerage account for trading, integration is flawless, allowing you to effortlessly move from screening on a wide range of fundamental and technical screens to managing your watchlists to making trades. The same power and maneuverability apply to its ETF and options screening.
The only downside of TC2000 is it is limited to U.S. and Canadian exchanges. That aside, the powerful TC2000 stock screener, coupled with its solid customer support, makes it hard to beat.
Trade Ideas
With its lightning-fast platform and AI-driven functionalities for screening hundreds of criteria, Trading Ideas makes our list as the best stock screener for day trading. Pros
- Stock screener with AI functionalities
- More than 800 filters
- Integration with brokerages
- Customizable screens
- Live trading room
Cons
- Only works with U.S. and Canadian stock exchanges
Day traders need access to real-time data, and they need it now. That’s what you get with the Trade Ideas Pro stock screener. Powered by a high-end artificial intelligence machine, the tool uses technical, fundamental, and social data to scan thousands of trading opportunities to find the ones with the most substantial upside potential quickly. That makes Trade Ideas our choice as the best stock screener for day trading.
Trade Ideas was founded in 2003 by a group of financial technology entrepreneurs in response to the growing demand for DIY investing. Their customized server-based technology connects directly to the exchanges, enabling it to track every single stock and ETF that is traded. Every tick is analyzed and tested, measuring a securities behavior against the past in real-time. That’s the kind of edge that day traders need.
The stock screener employs leading-edge backtesting and automated trading features with more than 800 filters. Traders can use pre-configured layouts to start off strong. With more experience, traders can choose to customize their screens with their own criteria.
Traders also have access to a live trading room, real-time streaming trade ideas, and simultaneous charts. Trade Ideas connects directly to online brokerage firms such as TD Ameritrade, E-Trade, and Alpaca to allow traders to move between simulated trading and real-world trading.
As you might expect, having access to proprietary, high-end technology doesn’t come cheap. But, for the edge that traders seek, $228 a month is a worthwhile investment. A standard plan is available for $118 a month without full access to AI technology. There is also a third, baseline option called TI Strength Alerts for $17 a month that gives you five new trade ideas every Sunday. Trade Ideas typically offers discounts of 15% to 25% at any given time.
Conclusion
Stock scanner is a device that can scan live market for securities and give you price quotes. To identify best stock scanners, you must analyze the criteria of each stock scanner carefully. It will be beneficial if you know about day trading stocks using scanners to get help in analyzing information so you will stand out among other day traders.