[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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[Jason Marshall]

Does it make sense to invest in lesser-known small-cap companies with a limited budget? Or would it be more reliable to stick with well-established companies in that case? Maybe someone could share some general criteria for finding the right companies.

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[Christian Harris]

Investing in lesser-known small-cap companies can offer significant growth potential, especially if you’re working with a limited budget, as these stocks often trade at lower prices.

However, they come with higher risks, including volatility and less financial stability than well-established companies.

Sticking with blue-chip stocks offers reliability and steady returns, making them safer for risk-averse investors.

Consider buying fractional shares (if your broker supports it) to invest in well-established companies without the capital to purchase a full share.

Many brokers now offer fractional trading, enabling you to allocate smaller amounts of money to high-value stocks like Amazon or Apple, diversifying your portfolio even with a limited budget.

This approach combines the reliability of blue-chip stocks with affordability.

Fractional shares are ideal if you’re looking to test the market or build a diversified portfolio over time without committing large sums upfront.

Good luck!

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[Marsias Diophantus]

Not sure I got you right. When investing in up-and-coming companies, the risks are always higher. You could make a big profit or you could lose it all. Here’s a screener for companies with shares priced under $5 But that doesn’t mean much by itself, a company could’ve been on the market for 50 years and just be going through tough times or it could be a startup from a couple of years ago. Each case needs its own deep dive. For beginners it’s usually safer to stick with more stable companies, less profit but way less risk too.

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