Derald Muniz Explains How is He Finding Trading Ideas

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1. I keep an active setup list, focusing on keeping the list under 20 quality
stocks at all times. This means there is a constant filtering process going
on. Once the filtering is complete, I do consider the entries that remain
as being high quality setups.
2. I build this list using many sources using traditional stock screeners
within my trading platforms, as well as others like StockFetcher. I rely
on finviz.com as well for a lot of data needs.
3. Of course I use the StockTwits community, and those that I specifically
follow, for idea generation/sharing/ to build a solid starting list. I do
mean solid. This community for idea generation and debate is simply
invaluable.

The filtering process can take quite some time, as you can imagine, as I
work through my own emphasis on what I view as key to each particular setup. I
will review:

1. Recent volume levels
2. Obviously understand where the relevant moving averages are in relation
to price
3. Check the industry and sector data and check data on a few peers
4. I then spend time reviewing the actual chart (on multiple time frames, key
here).
5. I will look for MACD cross events
6. I will look for RSI bottoming or topping

Source: Chapter 23 – The Price Tells the Story be Derald Muniz, @1nvestor

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