This where we can discuss ScottradeELITE, our premier platform for the active trader.

I've seen Highs & I've seen Lows...

I've seen sunny days that I thought would never end. I'd seen lonely times when I could not find a friend....Nevermind. I do love some James Taylor though.

My point is about the Highs & Lows tool inside ScottradeELITE. People are looking for this information but then find themselves lost when they immediately get too many results back from the tool. There is a simple solution. Go to the Settings button and change what it is you are looking for. By default the settings are created so not to block anything. That can be very overwhelming. I am sure you have seen that by now.

So here is what you do. Click on the Settings button. You are given many options here. First you want to select markets you want to search. You can choose multiple by clicking on as many as you would like. Highlight the ones you want to follow and move to the next option. Here you are going to choose what Data Points you are wanting: Stocks, Options, etc. Same process as before. Following that, you will select what type of Highs and Lows you want: daily or 52 week.

Once you have selected this information, you are now ready to filter this down to just the results that you are looking to trade. You start with volume. What is the minimum and maximum volume that you want the information to be trading at? Then, what price ranges do you want to trade within? Again, minimum and maximum. Following this, you can choose certain amount Net Change. And finally, the Percent Change. With all of these filters in place, you will have certainly narrowed the results that you get back in real time.

So hopefully you have now gone from an overwhelming experience to something that is much more useful and actionable based upon your trading style. You may find that you have to occassionally go back and adjust this based on how your style changes. But hey, now you know how easy this tool is to customize.

Happy days to all. Take care and talk to you again soon.

Todd
Posted by The ELITE Trader on Nov 17, 2009 6:09 PM CST