Summary
Highlights
David Blair introduces his method for finding stocks to trade, outlining four key criteria: at least 750,000 shares traded daily on average, a price over $15 per share, optionability, and a high beta relative to the market.
He recommends using finviz.com, a free online tool, to screen for stocks based on these criteria. He guides viewers to the 'screener' tab on the Finviz website.
David demonstrates applying descriptive filters on Finviz.com first. He filters for stocks with over 750,000 shares traded daily, optionable status, and a price above $15 per share, significantly narrowing down the initial list of over 6,000 stocks.
Next, he moves to the technical section of the screener, where he applies a filter for a beta over 1.5. This further reduces the number of potential stocks to 271, all arranged alphabetically, though they can be sorted by other categories like sector.
David concludes by reiterating that this screening method is ideal for his options trading strategy, as it identifies stocks that move well and quickly. He encourages viewers to utilize Finviz.com's free screener for their own trading opportunities.