PICK ME!!!

This episode was extremely enlightening. VWAP seems to have been showing up everywhere lately. Also, it was good to hear what Tim and Stephen had to say about filtering stocks in a scanner. There are so many tickers, it is easy to feel overwhelmed in light of the myriad green and red numbers.

I enjoyed Episode 3.

Perfect!! Thanks!

Perfect, loved that you learned something!!

Very cool!! Love seeing listeners from all over!

Thanks Mike!

I didn’t find the survey for the episode 3 podcast?

VWAP = Volume-Weighted Average Price ***

Thanks Chix!! Hope everything works out for you!

Ohhhh gotcha. So I always have to look at the float to volume ratio. That was a good lightbulb moment for me. Thank you. These are the specifics I would really like to hear you guys speak more about. Thank you so much

Yes, you have to consider volume as well. For example, if a stock has a 20 million share float, but is trading 50 million shares/day then it can act like a “low float.” Generally, if your trading a stock with, say, 100 million share float, that stock is going to be less volatile and it may not be worth your time.

Yes, the explanation was very good. When searching for amount of float. Do you consider when a stock has to much or to little to be untradeable? Or does that part all come down to the volume if the stock is in play?

Thank you Pedro

Leave feedback here that’s all good

YES – that’s what I like to hear!

Nice Sara – awesome response and love the time you took to give full feed-back

nice

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ha awesome man

perfect

Thanks appreciate that.

I loved that analogy, Tim, when you compared this price action in the supply & demand to a very hot day & a limited amount of lemonade.

All I can think about is doing what I can to save up to get STT again so that I can use it on a regular basis to take my trading to the next level. Yahoo Finance fell off big time as did Seeking Alpha & being able to set the parameters to have a filter to fine tune to the best of the best could not be more important in day trading.
These are the stocks that have the largest % gains in often short bursts of price action as compared to investors who hold months to years for much less or traders who go in with much larger size to trade much larger priced stocks.

I couldn’t agree more with the attention on VWAP. So cool that STT has a VWAP scan parameter!

Thanks guys for putting this cool podcast series together-I can’t wait for the next one too!

Great podcast. Thanks!!!

Lastly, never thought about a scanner with vwap! I’ve only used a % gapper, Top % gainer, and a nhod scanner. Going to add vwap scanner to my list. Thanks!

Keep it up gentlemen! Looking forward to next Monday.

P.S. Where is the survey for episode 3?

Signed,

Your Greedy Little BastardA 😉

Three terms you should know (investopedia.com is very helpful). Authorized shares = the amount of shares a company is ALLOWED to authorize. Outstanding shares = the amount of shares that are ACTUALLY authorized, i.e., shares that people currently own. Float = the amount of shares that are currently being traded (basically everyone except insiders etc.). Float is the freely available amount of shares and thus the true number you should focus on when looking at a stock. “Low float” stocks are generally considered a stock that has a float of less than 10 million shares. The idea is that once one of these low float stocks catch fire they can spike fast and huge because the supply of stock is so scarce compared to the insane increase in volume. You’ll hear traders use the term “float rotation” which basically means a stocks volume for the day has surpassed the float size and the entire float has traded hands multiple times. It’s simple supply and demand. Hope that crude explanation helps.