Finviz Screener: Find Hot Stocks to Trade in 20 Minutes

The FINVIZ Screener (Finviz.com) is the stock screener I use every day to find my trading ideas.
Finding the best stock picks is only step one in the process, but it's an important one. The other steps are order flow, reading the tape and then managing the trade.
In this video I demonstrate how I use finviz to filter down to stocks in play that meet my strict criteria.
Something interesting to note, I trade the market leaders, and so do 95% of the veteran trades that I know. I'll show you what that means in today's trading lesson.
Once the market opens, or the week if you're swing trading, you simply sit back and look for entries. Keep it simple to get consistent.
Pete
The top 5 stocks I plan to watch and my game plan for this week. I discuss The stocks I'm planning to buy now and how my trading strategy changes this week with the stock market approaching overbought levels.
Outline:
1. Introduction (0:00 - 1:30)
2. Overview of screening process (1:30 - 3:00)
3. Introducing Finviz.com screener (3:00 - 5:00)
4. Setting initial volume and average true range criteria (5:00 - 9:00)
5. Scanning for relative volume and large green candles (9:00 - 14:30)
6. Scanning for new 20-day highs and strong closes (14:30 - 17:00)
7. Drilling down with industry groups (17:00 - 18:00)
8. Key takeaways and advice (18:00 - 21:00)
Section Summaries:
1. Introduction (0:00 - 1:30)
Pete welcomes viewers and outlines the 4-step process he uses to find potential trading ideas each day. He emphasizes not looking for new stocks to trade after the market opens.
Keywords: trading ideas, stock screener, trading process
2. Overview of screening process (1:30 - 3:00)
Pete explains his two-phase approach of screening the night before to build a watchlist, then reviewing it with fresh eyes in the morning. This allows time to develop a solid trading plan.
Keywords: stock screening, watchlist, trading plan
3. Introducing Finviz.com screener (3:00 - 5:00)
The free version of Finviz.com is introduced as a tool for the first step of finding trading ideas that meet certain criteria, before diving deeper with other charts. The S&P 500 heatmap feature is highlighted.
Keywords: Finviz stock screener, market heatmap, stock criteria
4. Setting initial volume and average true range criteria (5:00 - 9:00)
Pete sets a minimum average daily volume of 2 million shares and average true range of $1.50 to find active, liquid stocks with volatility and opportunity. He notes these reliable criteria have worked for him over 20 years.
Keywords: stock volume, average true range, volatility, liquid stocks
5. Scanning for relative volume and large green candles (9:00 - 14:30)
Relative volume and change from open filters are applied to identify stocks trading significantly above normal volume and closing strongly. Examples are discussed of how to interpret the results.
Keywords: relative volume, candle patterns, bullish stocks
6. Scanning for new 20-day highs and strong closes (14:30 - 17:00)
The criteria is further narrowed to stocks making new 20-day highs and closing up 2% or more - signs of potential breakouts with follow-through. An example result of Duke Energy is analyzed.
Keywords: new highs, breakout stocks, bullish closes
7. Drilling down with industry groups (17:00 - 18:00)
Pete briefly mentions the industry group feature in Finviz for spotting relative strength and weakness themes across sectors and timeframes.
Keywords: industry groups, sector strength, market themes
8. Key takeaways and advice (18:00 - 21:00)
The key lessons are summarized - there's no need to find brand new stocks every day, knowing and trading the same stocks repeatedly is easier and higher conviction. Trading the market leaders in play with volume and volatility is recommended.
Keywords: trading edge, market leaders, trading psychology
Watch Now: How I Generate Outsized Gains
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Pete Renzulli | Stock Trading Pro
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[@StockTradingPro]

Trade With Pete in Real-Time stocktradingpro.com/stock-market

[@george5120]

It would be nice to see a spreadsheet of trades that you have made over the past year. It seems like if your profits were sensational enough, then I would not have to ask. You would instead be eager to share.

[@johnsonlevitt9719]

every stocks sectors are in bubbles, might opt out of stocks entirely if it crashes. All I keep asking is when or if this bubble will pop.

[@markcarey6758]

Moving out of the stock market due to fears of a bubble burst could be a wrong move, Instead, look for pockets within sectors that can help you to balance both growth and value or sometimes it's even better you speak to someone more enlightened to understand options best meant for you, I did the same myself, it paid off.

[@MackThebuilder-h4k]

You can’t put certainty on stocks movements, the market is a zero-sum game, two sides to it, Know that you are buying a company to own it.

[@kaylagarrison9267]

I got in on multiple sectors myself should I be considering adding more to my fidelity to keep a balance.

[@markcarey6758]

I've had a good run with energy stocks, right now I'm surfing the Al semiconductors wave into the next few decade. there are some good valuable PE ratio out there, which ain’t overpriced.

[@johnsonlevitt9719]

Hey, appreciate the response. Would you be comfortable sharing more info with similar viewpoints. could really use it.

[@ayubhaji6828]

Very good ! I’ve been trading for a year and this is one of the best advice I’ve come across.

[@TheDWZemke]

Glad I joined the boot camp over a year ago. Now I'm fine tuning on my new scanning software (adding a "bear scan" looking to buy more puts 2 qtr in 22'). You always deliver more than you promised. :-) TY

[@ScottHendersonVids]

Another awesome video Pete! Thanks so much for all of these. I just discovered your channel a couple of weeks ago and have already learned so much. With the markets tanking your approach got me into energy stocks early and they've done very well. Looking forward to the journey ahead!

[@StockTradingPro]

Hey Scott, that's awesome to hear! Thank you for watching

[@georgegourlay5592]

Great video, after months of trawling through the internet watching videos, which are mostly focused on day trading penny stocks this is the best explanation of how to screen for quality stocks to swing. Would be keen to learn more about the boot camp...

[@StockTradingPro]

Thank you George

[@istvantorok26]

Absolutely some of the best educational vids on trading online ! Thank you !!

[@StockTradingPro]

I appreciate that!

[@IkechiUkazu]

Absolutely the best explanation of FinViz I've seen. Hope this channel gets much bigger!!

[@StockTradingPro]

thank you

[@Jake-dc3bv]

My favourite thing about this video is you explain what each option means unlike other channels I have watched which just say 'set the beta to 5' for example with no explanation of what the 5 means.

[@StockTradingPro]

thank you Jake. Let me know if you have any questions

[@jessycadenas8435]

Exactly my observation with other agencies.

[@nickm.3836]

You're doing great Pete! Keep it up! You've come a long way and we love u!!! 🙏

[@StockTradingPro]

Thank you so much!

[@chrisfrazer9929]

Thanks Pete, I do use Finviz. But you have provided some great value that I will incorporate into screening analysis.

[@laughinatyou63]

First time listener great info thank you I will continue to watch and learn. I will go back to watch others and join boot camp.

[@StockTradingPro]

Awesome! Thank you!

[@showupsimon2586]

loved the way you explained things!

[@HarryTradez]

Thank you for this video great explanation on how to use Finviz 👍

[@banig.4464]

Hands down the best video I have seen on Finviz! And I rarely comment on any videos on YT.

[@StockTradingPro]

thank you Bani

[@alanchurch8787]

Thanks, Pete, as an old man now, I had been unable to figure out how to use the finviz screener !

[@walidgamal9309]

Thank you Sir for this informative Video, one of the best I have ever watched

[@erod7259]

Very good, Thank You. Thinking about signing Up

[@UtahKent]

Thank you. thank you. thank you. This is the video I've been looking for.

[@StockTradingPro]

You're welcome!

[@neerajtandon3938]

Great video and an excellent direction for newbie traders👍🏻👍🏻

[@StockTradingPro]

Glad it helps!

[@andrealexander9139]

Love this video ! Explanation was awesome ..............................Great Job

[@StockTradingPro]

Glad it helped!

[@alanchurch8787]

Thanks, Pete Most helpful! The market don't change. Circumstances within market parameters, electronic trading etc. as an example.

[@StockTradingPro]

Thank you for watching

[@martinledezma3240]

Great information. I appreciate the video.

[@StockTradingPro]

Glad it was helpful!

[@jalmanzaart]

Great explanation , thanks for this video

[@toniegarcia6699]

Really solid information, ty

[@Quotessential90]

I didn't started trading yet but thank you sir for this great piece of advice!

[@StockTradingPro]

Any time!

[@linhson6772]

Love it. Think about sign up soon

[@StockTradingPro]

Great, hope to see you there soon!

[@ganiahoward]

Just fell into your channel. I'm a fan of Live Traders. Jared is a bit obnoxious, but a very good trader. HOWEVER, your presentation and sound approach to something as simple as your everyday setup and not needing to find new stocks everyday is very different to what I've learned through "KZbin". Subscribed!

[@StockTradingPro]

I appreciate that!

[@jessycadenas8435]

I love your tutorials because you validated some of my observations with other agencies, you explain everything thoroughly in a way that's easy to understand. I'm definitely going to keep watching your tutorials. Thank you.

[@StockTradingPro]

thank you for watching Jessy

[@MarcusThe9]

This is MONEY ! Thank you Sir.

[@StockTradingPro]

You bet!

[@HeyJerry55]

Great video, thanks my man

[@horacecredle6138]

Extremely helpful, Thanx

[@tomfoolery8468]

An interesting excersize on finviz is to go to the screener and just sort by volume, high to low. The first page will have at least 3-4 stocks on your daily list.

[@deleongirl72]

Hello Pete 👋🏼. I just came across your YT videos. I’m in the middle of learning. I will definitely be going through all of your videos. Thank you 😊 💫New Subscriber💫🙌🏼

[@StockTradingPro]

Welcome aboard!

[@mitchiarikov2614]

Fantastic video! Thank you

[@StockTradingPro]

My pleasure!

[@jassingh9417]

Thanks this is very educational.

[@ColumbusRealtor]

Thanks for the video! New to the channel and digging into your content!

[@StockTradingPro]

My pleasure. thank you so much for watching

[@artzhaye759]

Interested to find more about the boot camp.

[@MichaelMacaque]

oct 2023 - still extremely relevant and helpful - thank you

[@MrGchiasson]

Newbie here....Been trading a little bit for a few months. ( made some..lost some...learning from both.) This was a terrific Info-video.

[@StockTradingPro]

thank you for watching

[@MrGchiasson]

@@StockTradingPro I'm sure I'll be signing up for your boot camp soon. I retired 2 weeks ago. Hah!

[@maximx1332]

Thanks, brilliant video

[@StockTradingPro]

thanks!

[@congamike1]

Thank you. This sounds good

[@StockTradingPro]

You're welcome!

[@antonm8914]

you are great,love your videos

[@mcsemark]

Well done!

[@StockTradingPro]

Thanks Mark!

[@alimchoudhury4368]

Very nice

[@FreedomWorldTV]

Super informative

[@tekenieconomicdevnativebus7444]

Great job.

[@StockTradingPro]

Thanks!

[@JimRudman]

Superb presentation

[@StockTradingPro]

Thank you!

[@garyphillips3595]

like it, still learning fine right stocks, and entry and exit sir

[@StockTradingPro]

Keep it up

[@mofi7351]

very very good

[@thaiholidayhomes5154]

Thank you. What a helpful video. Started 3 months ago in crypto. Decided stocks were better. But which ones to choose? Not a problem any more. For interest sake I bought Novax about two or three weeks ago. $118 now $198. How did I know to buy? Because as you sad I'd been following it for the last two months. I've hit the like and subscribed. Thank you again . All the best from Thailand

[@eddiego8197]

Pete how do you apply your Finviz stock search to a Monday that preceded a very beaten down Friday with a stock market that was very red on the heat map?

[@juanperasso4742]

HI. Great video. Wich order is faster, to be executed: limit or market?. Wich one should I use for this kind of trading?. Thank you an advance.

[@daltypoint]

8:50 - screener settings

[@StockTradingPro]

thanks

[@tomm9493]

Really great video. Do you trade and does your boot camp discuss options? I find them quite confusing but understand the benefits they offer.

[@brucea550]

I can’t answer for his boot camp, but speaking from experience, options are the fastest and easiest way to build wealth, and are what the professionals like Buffet favor. It’s worth the time to get past the confusion, and you really only need to understand delta and gamma. There’s dozens of ways to build positions- keep it simple and you’ll make plenty of money.

[@archhangell]

Thanks a lot!... :)

[@damienmason3807]

I've watched a lot of videos as a new trader and the majority of them say get familiar with a hand full of stocks. Don't be chasing unicorns with 8 monitors with no idea of the stock and how it moves. I didn't even know about these stock screeners I thought all the pros learnt the candlestick patterns and just looked at wedges, triangles and flags lol. At the moment I'm following about 15 stocks which are household stocks.

[@StockTradingPro]

thank you

[@morfsevals4106]

You do a good job encouraging people👍...Be a part of Encouraging Life Success Day...October 3rd, Encouraging Life Success Day is a day where we all wear green, which represents GOING for our goals and dreams while encouraging others to GO after their goals and dreams as well. October 3rd, Encouraging Life Success Day, wear GREEN 😊

[@euovitoteu]

Very helpful. Thank you!

[@StockTradingPro]

Glad it was helpful!

[@John--qh9xl]

Ran the finviz scan today and your scan looks very accurate. Thanks for the video. Are you still teaching traders?

[@StockTradingPro]

Nice. Thank you for watching. I am, you can get a preview here and get started: toptradingpros.com/stock-trading-pro-coaching-preview/

[@madjwills9045]

When I clicked on the screener tab I had a black window covering half the page

[@tomworrall190]

To identify stocks (on a 20-day high) popping up, you've chosen to screen for change in price (e.g., 1% or 2 % for change and change from open). Perhaps I'm overthinking it, but a new 20-day high candlestick could be 2% change from open. And would screening based on volume, e.g., relative chosen >1.5 also work?

[@StockTradingPro]

Hey Tom. Adding relative volume to scans is a good idea

[@pradeep3096]

Hi Pete, Can you make a video explaining well all the screening parameters in FinViZ

[@504Trader]

Very good video

[@StockTradingPro]

Thanks for watching. really appreciate it

[@supremehorse6449]

best best best excellent

[@SarkisKlinik]

Hi, how do most investors do if they already invested 10 K $ for a total of 10 stocks (each set of stocks at 1000 $ ) but they want to continue investing later by adding 200 $ usd each month ? do they go back and buy the same quality large cap stocks at a higher price?

[@raulcordoba3075]

Pete, are these ideas only for Day Trading or the work with Swing Trading.

[@markj-uk]

Wow - Thank you for this

[@ramanashu1]

Hi how much does a boot camp cost

[@talhalhmood]

thanks

[@StockTradingPro]

Welcome

[@jamesdavid1589]

Yes a great video.. I have a $300 HP laptop.. Do I need to go to Best Buy Get a better laptop R desktop and what are the Multiple screens For That I see In Others videos.. Ben trading for Eight months.. Back in 4th Staying about even Pretty sure I'm going to join Your Boot camp.. Need to have the right stuff to start with.. Thanks

[@StockTradingPro]

Hey James, welcome to the community. I'd suggest getting a monitor to hook up to your laptop for extra screen space, Inexpensive and easy to set up

[@stoneycase5440]

Good video, but kind of skip the most important and most difficult part, how do I pick a play once I have my list of a handful of stocks. Can you do a video showing how you leverage finviz to decide which stocks to actually buy and why?

[@StockTradingPro]

kzbin.info/www/bejne/h6jUiJ6qhsiGncU

[@apk3549]

Nice..

[@mohamedjamal3952]

Good

[@fanyntrmny8521]

Nice video 🥰🥰🥰🥰🥰❤️❤️❤️

[@StockTradingPro]

Stay connected

[@kravchan]

Thank you a ton, i guess

[@StockTradingPro]

My pleasure, thank you for watching

[@flanjo1]

what do you think of $DRNA, given its 1yr graph?

[@SarkisKlinik]

But if we continue trading on same stock ,we will lose money , because if i buy at 10 $ and sell at 12 $ so for now i earn the difference 2 $ , but later if i re-buy the same stock it will be much higher becasue same stock price usually does not not stay same , right ?so what do you mean by trading on same stock in your way?Thanks

[@StockTradingPro]

No.

[@junesondrab3833]

Doesnt make sense

[@TheKinku]

Nice Video thank you👍🏻

[@larrywarshauer1127]

It sure would have helped if you showed how many of the stocks you actually bought using this criteria opened as a price and at the end of the day closed higher than it opened. In other words how well did this strategy succeed in finding stocks where the momentum yesterday carried over into the present day. Pleas respond. It is 60%, 70% 90? Or are you sitting at the computer watching the stock all day?

[@StockTradingPro]

Hi Larry, thank you for watching. I give my exact entries, trade management and exits inside our real-time community. I can't do that on KZbin because actual trades are dependent on the market conditions at the time.

[@HandsONreviews4u]

What about traders like me who want to buy in that under 9 dollar stocks for opportunities??? Make a video with Finviz for the stock trader like me

[@Linde83]

Good stuff. Do you trade options?

[@frankyhu8222]

So nice！👍👍

[@antonm8914]

Should i rely on info that i see on finviz?

[@StockTradingPro]

Our community uses Finviz every day

[@eddiego8197]

no preceded but that followed a very down Friday, my bad

[@scarfo441]

Winning screener set up . .... first...52 week high /low...new highs....50day..new high...20 day..new high...200 day mA..must be above it..ps ratio less than 1...market cap md caps or lower..country USA...sales q/q 30%>...these presets has led me to top stocks... everything else is on any..

[@guillermorosales4832]

How many alerts do you send out in the boot camp? Do you send alerts for every time frame?

[@StockTradingPro]

yes we call both day trades and swing trades all day

[@guillermorosales4832]

Should each stock have a different ma?

[@christianBMFbarboza]

Sir-......You are Awesome. Thank You! Subscribed- Check Liked Check. See you tomorrow!

[@StockTradingPro]

thanks for watching!

[@luckg0tu]

17 57 time stamp

[@dipeshpandya]

The link isnt working

[@StockTradingPro]

Thank you for watching. This event is no longer available. But we are launching a new 14 day trading experience soon. Email, our support team to be notified. [e-mail]

[@Ronb008]

Thanks! Was looking as a newcomer as how to get started filtering stocks with finviz.

[@StockTradingPro]

my pleasure

[@katicus_prime]

CAN YOU EXPLAIN CHANGE AND CHANGE FROM OPEN IN MORE DETAIL, AS YOU SEEMED TO BE UNCLEAR REGARDING "CHANGE FROM OPEN" WITH REGARDS TO THE FINVIZ HOVER OVER DESCRIPTION, YOU STATED IT WAS YESTERDAYS "CHANE FROM OPEN", WHEREAS FINVZ HOVER OVER STATES THAT IT IS THE CURRENT DAY

[@StockTradingPro]

change from the open tells you the color of the current candle

[@davidprestipino624]

Safemoon Inu

[@DippySippy]

Too hard to understand. Explain everything slow please :)

[@StockTradingPro]

Hey DS. I'd suggest watching a second time to take notes, We cover quite a bit of stuff

[@fritztopher]

They raised prices after you removed the subsidies bobo

[@StockTradingPro]

Not sure what you mean

[@maherawadallah9425]

and keeps repeating ...

[@StockTradingPro]

Again, I'll repeat myself - if you don't need the context I provide at the beginning of each video, you can simply skip ahead to the charts.

[@maherawadallah9425]

you get out of the subject a lot. GET TO THE POINT please..

[@StockTradingPro]

If you don't need the context I provide at the beginning of each free video, you can simply skip ahead to the charts.

[@09198126]

There are KZbin videos that show you how to forward the video.

[@samank111]

too much talking around. get to the point mister

[@TB-i4s]

You talk too much just to have a longer video.

[@TheHarveySpectre]

Talk less and come to the point.. its endless blah blah blah

[@StockTradingPro]

Hi Vijay. Thank you for watching the video