[James Barra]

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[Nova]

What are you guys using to find stocks for day trading? I’ve used the screener on Yahoo Finance quite a bit but it’s pretty basic and I’m sure there must be better tools out there.

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[Christian Harris]

There are tons of paid-for subscription services, but I like the free versions of FinViz and TradingView.

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[Philip]

Zacks screener is fab if you want something that’s easy to filter. It doesn’t look ‘sexy’ as you’ll quickly realise but it does what it says on the tin.

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[Ethan]

I keep it simple and stick with intraday screener from Market Watch. It takes minutes to use and customise.

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[Nova]

Thanks for the recommendations guys. Market Watch is still pretty basic but I’m getting on well with the screener from TradingView.

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[Nova]

Does anyone know how to export data from TradingView’s stock screener?

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[James Barra]

Hi Nova,

You can export from TradingView’s stock screener by pressing the icon on the right-hand side of the top menu bar, which you can see in red in the attached image.

If you’re running into problems it might be worth checking what plan you have. Their Basic (free) plan doesn’t let you export data from the screener.

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[Kate]

You can use Barchart, FinQuota or Trade Ideas. These tools offer more advanced features and analytics compared to the basic screener on Yahoo Finance tbh.

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[EquitiesEddie]

Bonjour, I’d love to get some views on fractional stocks please. Are they good or not for day traders?

I know brands like Interactive Brokers, Robinhood and SoFi do them and they APPEAR to be a good way for me to trade shares I’d struggle to afford normally.

But I’m a pessimist so what’s the catch (there’s always a catch lol)?

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[Christian Harris]

There’s nothing ‘wrong’ with day trading fractional stocks if you have a modest trading account balance, but there are notable considerations.

Liquidity & Execution: Fractional shares often have lower liquidity than whole shares, leading to slower trade executions and less favourable pricing.

Commission & Fees: Some brokers charge fees for fractional share trading, which can eat into profits, especially when making multiple daily trades. While commission-free trading platforms exist, any costs associated with fractional shares can significantly impact the profitability of day trading. For example, eToro spreads for stocks can be ridiculously wide.

These drawbacks are less of an issue when swing trading fractional shares for more significant profits.

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[James Barra]

Hi EquitiesEddie,

Following on from Christian, they may be suitable if you have a low budget and/or want to access high-value stocks, but they come with serious limitations like those already outlined.

You can read more in our guide to trading fractional shares, including their pros and cons.

 

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