Hey there, fellow day traders! Are you tired of spending hours scouring through stock charts and financial news to find your next trade? Well, we’ve got some good news for you! Stock scanners are a game-changer in the world of trading. They provide an easy and efficient way to monitor and identify potential trades, saving you time and increasing your chances of success. In this article, we’ll be taking a closer look at the top three stock scanners for day traders in 2023. So, sit back, grab a cup of coffee, and let’s get started!
Trade-Ideas : The Must Have Stock Scanner
Trade-Ideas is a powerful stock scanner that offers a wide range of features designed to help day traders find profitable trades. The software uses artificial intelligence and machine learning algorithms to identify trading opportunities in real-time. One of the key features of Trade-Ideas is its ability to scan the market for unusual volume and price action, which can indicate potential trading opportunities. Another useful feature is the ability to create custom alerts based on specific criteria. This means that you can set up alerts to notify you when a stock meets your specific trading parameters.
Trade-Ideas is also known for its advanced charting capabilities. The software offers a variety of chart types, including candlestick charts, line charts, and bar charts. Traders can also customize their charts with technical indicators, trend lines, and other tools. Additionally, Trade-Ideas offers a simulation mode that allows traders to test their trading strategies in a risk-free environment before implementing them in the market.
Trade-Ideas Pricing and Subscription Plans
Trade-Ideas offers two pricing plans, Standard and Premium, to cater to traders’ varying needs. The Standard plan costs $118 monthly or $999 annually and includes features such as Real-Time Simulated Trading, Live Trading Room, Real-Time Streaming Trade Ideas, 10 Simultaneous Charts, Chart-Based Visual Trade Assistant, Price Alerts, and Channel Bar – Curated Workspaces.
The Premium plan costs $228 monthly or $1999 annually and includes all the features of the Standard plan, along with additional features such as Suggested Entry and Exit Signals, A.I. Virtual Trading Analyst – Holly, Chart-Based A.I. Trade Assistance, Risk Assessment, Build and Backtest any Trade Idea, and Autotrade w/ Brokerage Plus and A.I. Furthermore, the Premium plan offers 20 Simultaneous Charts and an enhanced Chart-Based Visual Trade Assistant.
Pros of Trade-Ideas:
- Wide range of features and customizable settings
- Real-time data and customizable alerts
- Advanced charting tools
- Access to a large library of pre-built scans and algorithms
- Easy-to-use interface
Cons of Trade-Ideas:
- Expensive compared to other options
- Steep learning curve for beginners
Benzinga Pro : Most Actionable Financial Research Tool
Benzinga Pro is a comprehensive stock scanner that offers real-time news and analysis in addition to its scanning capabilities. The software is designed to help traders stay informed about market events and news that could affect their trading decisions. Benzinga Pro’s news feed is constantly updated with the latest headlines from major news sources, and traders can customize their feed based on their interests and preferences.
Benzinga Pro’s scanning capabilities are also impressive. The software allows traders to scan for specific technical indicators, as well as filter stocks based on criteria such as market cap, volume, and price. Traders can also create custom alerts to notify them when a stock meets their specific trading parameters.
Benzinga Pro Pricing and Subscription Plans
Benzinga Pro offers several pricing plans with varying features and benefits. The first plan is the Free plan, which provides a 14-day trial period, and includes features such as Nasdaq Basic (15 minute Delayed Quotes), BZ Wire Newsfeed Only – Search, No Filters, Watchlist, Movers – Current Session Only, Details Tool with Key Stock Stats, and Chart.
The Basic plan costs $27 per month and includes all the features of the Free plan, plus additional features such as Full Newsfeed (no Advanced Filtering), Chat, Watchlist Alerts, and access to Benzinga Premium Articles on Benzinga.com.
The most popular plan, Essential, costs $197 per month and includes all the features of the Basic plan, as well as additional features such as Nasdaq Basic (Real Time Quotes), Advanced Newsfeed (filter by Technicals, such as Price, Volume, Float), Real-Time Scanner, Audio Squawk (Equity, Options), Calendar, Signals, and Unusual Options Activity ($27.97/mo Add-On). This plan also provides unlockable bonuses such as Options Trading Newsletter ($200/year value) for free starting on the 3rd month and Enhanced Options Trading Newsletter ($500/year value) for free starting on the 6th month (must remain subscribed to keep bonus subscriptions).
The Options Mentorship plan is the most comprehensive plan, costing $457 per month, and includes all the features of the Essential plan, as well as Trading Mentorship & Education from Leading Trader, Nic Chahine, Access to the Options Inner Circle Chat Room, Regular Market Overview to Match Nic’s Winning Trading Strategy, and Unusual Options Activity.
Pros of Benzinga Pro:
- Provides real-time market news, analysis, and alerts
- Advanced charting tools and customizable scanning options
- Affordable pricing plans
- User-friendly interface
Cons of Benzinga Pro:
- Limited access to pre-built scans and algorithms
- Lacks some advanced features compared to Trade-Ideas
Scanz: Stock Market Scanner and Trading Platform
Scanz is a powerful stock scanner that offers a wide range of features designed to help day traders find profitable trades. The software is known for its speed and accuracy and is ideal for traders who need to scan large amounts of data quickly. One of the key features of Scanz is its ability to scan for pre-market and after-hours trading opportunities, which can be especially useful for day traders.
Scanz also offers advanced charting capabilities, with a variety of chart types and technical indicators to choose from. Traders can also create custom watchlists and alerts to stay on top of potential trading opportunities.
Scanz Pricing and Subscription Plans
Scanz provides a 7-day trial and offers only one subscription plan for $169 per month. This plan includes Level 1 and Level 2 quotes, full coverage of Nasdaq, NYSE, and AMEX markets, 100% real-time market data, scanning and filtering tools, news and SEC filings tools, alerting tools, market monitoring tools, and Level 2 Quotes.
Additionally, Scanz offers broker integrations for seamless trading (in beta), ETFs, SPACs, Warrants, and Preferred shares. The platform also provides a pre-market scanner from 4:00 – 9:30 am EST (in beta), an after-hours scanner from 4:00 – 8:00 pm EST (in beta), fast email support, and remote desktop support upon request.
Pros of Scanz:
- Offers a wide range of features and tools
- Access to a large library of pre-built scans and strategies
- Real-time market data and customizable alerts
- Affordable pricing plan
Cons of Scanz:
- Steep learning curve for beginners
- Limited customer support compared to other options
Conclusion:
Overall, each of these stock scanners offers unique features and benefits for day traders. Trade-Ideas stands out for its wide range of customizable options, while Benzinga Pro provides access to real-time news and analysis. Scanz offers a combination of powerful scanning tools and affordable pricing plans. It’s important for traders to evaluate their individual needs and preferences to determine which stock scanner is the best fit for their trading strategy.
