BlackBoxStocks presents the most robust market scanners in the trading sphere, designed to help the retail trader. These tools, which include premarket, market, and post-market stock scanners, provide the critical data you need to formulate informed trading hypotheses. This article will highlight how these scanners can boost both your intraday trades and your long-term investment strategies. With the ever-evolving market dynamics, it’s essential to be well-equipped for various trading types and have real-time, reliable information at your fingertips.
Reflecting on the Market Environment (2020-2022)
To appreciate the relevance of our BlackBoxStocks market scanners, let’s delve into the market trends over the last few years. From the pandemic lows to around November 2021, the market largely adopted a bullish stance. There were short-term market fluctuations, but overall, this period proved profitable for traders.
Flow trading was exceptionally bullish, making it relatively easy to buy an option contract, hold it for a few days or weeks, and sell it at a profit. However, the market took a sharp turn into bear territory from November 2021 to July 2022, with wars, inflation, geopolitical issues, and other macro factors creating a downward spiral.
This turbulent period marked a learning curve for many traders, particularly those who had only experienced the 2020-2021 bull run. Herein lies the power of the BlackBoxStocks community. With guidance from seasoned moderators and fellow members, new traders were able to adapt to this bearish market.
Fast forward to August 2023, the markets started showing signs of a bullish tone again, making it an optimal time to explore longer-term investment opportunities. This is where BlackBoxStocks can play a pivotal role.
The BlackBoxStocks Community: A Catalyst for Diversified Trading
While short-term intraday option scalping is a primary focus for many in the BBS community, we don’t ignore the potential of longer-term opportunities. Even if you’re primarily a scalper, it’s important not to let your short-term bias deter you from recognizing and capitalizing on long-term investment opportunities.
Our community of traders, each with unique skills and specialties, collaborates to benefit everyone involved. For those primarily focused on scalping, our experienced moderators and members can guide you in understanding market data, charting, and interpreting fundamental analysis, helping you expand your trading repertoire.
Data at Your Fingertips: Our Scanners
Our suite of scanners – pre-market, market, and post-market – are valuable tools for both day traders and swing traders. Let’s explore them in the context of a typical trading day:
Pre-Market Scanners: Catch the Early Bird
Finding the big market movers early is a common challenge for new traders. Our pre-market scanner helps address this, presenting stocks that are gaining and losing the most in the current premarket, along with volume-related information and more.
Be sure to note the direction of the stock movement. A green, upward-pointing triangle indicates a rise in price, while a red, downward-pointing one signifies a fall. Misinterpreting this simple detail has caused losses for some beginners.
Our pre-market scanner clearly displays relative volume (“Rvol”) by default, an essential part of the pre-market puzzle. Stocks that make explosive upward moves often see significant activity in the premarket, especially those with high relative volume.
Market Scanner: Real-Time Data, Real-Time Decisions
Once the regular trading session kicks in at 9:30, we shift our focus to the market scanner. This scanner, similar in design to the pre-market scanner, provides real-time data on the active market. In conjunction with our active alert stream, the market scanner gives you real-time stock data to monitor market activity as it unfolds.
Post Market Scanner: Stay Ahead After Hours
The post-market scanner is unique as it tracks the extended hours market after the regular trading session ends. This is a valuable tool for options traders, especially when large news items are announced just after the market closes. The post-market scanner allows you to see what is moving in the post-market, helping you stay ahead of the game.
Trading On the Go with BlackBoxStocks
We understand that today’s traders need flexible, mobile solutions. That’s why we offer a full-featured app available for Apple and Android devices. While our main web platform remains the gold standard for obtaining the scanner information you need, our mobile app is a convenient alternative for keeping tabs on the markets while on the go.
BlackBoxStocks is committed to helping traders make data-informed decisions. With our scanners and other features, we provide the tools you need to enhance your trading experience, whether you’re an intraday scalper or a long-term investor.
