LIVE ACCOUNT: Scanning Gaps For The Open and Trading Live!

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This is how you log into a LIVE ACCOUNT. It takes me 5-10 minutes to create my pre-market gap list...from that list 80-90% of all my trades are taken. You don't need to sit around for 7-8 hours a day. Get in front of your PC at 9am, scan for gaps and be finished by 9:15...then put a favorites list together. At the market open take 2-4 trades in 30 minutes, be done by 10am and enjoy your day! This is REAL trading, not the BS LIES that you are seeing else where! Join me on June 2nd and 3rd for PTS live on line. Email: [e-mail]
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[@billw7894]

As a new trader, thank you so very much , it takes a special type of person to share their knowledge

[@guitarman0559]

Thank you Jarod for a peek at your live trading. I really enjoyed watching you work.

[@RJSLIVEE]

Videos like this are so extremely useful. Thank you for everything !

[@generalcucumber7999]

Hi Jared, I have now watched several dozen of your videos (some more than once) and I cannot put into words the amount of gratitude I feel towards you. Thank you so! much! I feel very fortunate to have found in you an honest and accomplished teacher. If you have the time, could you tell me, 1) How you know a particular stock is an ADR? and, 2) Why you do not trade them?

[@alexlu713]

1. if you look it up at the stock name, it should say ADR at the end. 2. since majority of the shares are traded at foreign exchange, it's probably a reaction from an already happened result (earlier time zone than US). So it probably won't fluctuate much in US exchange

[@generalcucumber7999]

@@alexlu713 Thank you

[@cashcaleb1873]

@Live.Traders Thank you for making all of these educational videos. I’ve watched many videos and have read PTS. I recall you saying that you need a pattern before entering. On the first trade with CELG, what was the pattern? Sorry if this was a bad question I’m still a beginner trader.

[@jefftarver4777]

awesome presentation ! Exellent learning session . thank you , Jared !

[@daniellim9580]

Hi Jared, for CELG why do you take the trade on the first bar? Isn't the (3 or 4 bar play strategy) suppose to wait for 2 or 3 bars to complete first before putting on the profit target and stop loss?

[@juancarlosguzman2827]

Jared I am learning about trading and love your videos very helpful. I noticed that you don’t use L2 and no Time and sales I’ve seen other that say L2 and Times and sales is a must for trading.

[@CoolnSerious]

Another great video that I need .Motivating, encouraging and simple!

[@FRYEGS6]

How do you know if a ticker is an ADR (American Depository Receipt) for not? I know it is sponsored if listed on this index. Also, Jared I have been watching your you tube videos trying to get a feel for this GAP strategy. I was struggling for years trying to figure out where you where getting this GAP from and when, because I was not seeing anything on the Pre Market Chart (Physically) and could not figure out where you were getting that or how. Until this video, I was lost. I see now that you were looking at the "LAST" column on your level 2 in the pre market scans first thing in the MORNING. Now I can die a happy man. Thanks for this one, I think I can scan for GAPS now. Michael Frye - Cleveland- OHIO

[@ismscsim]

That was high speed action...awesome

[@bentleysuper8]

The buying and selling happens so fast I have no idea what the hell hapened.

[@Live.Traders]

Give it time and you'll be right there understanding all of it!!! It's a tough business and you have to learn slowly.

[@adempster8231]

Thank you, Jared, for sharing your wisdom. Invaluable!

[@d21.]

Hey Jared, I'm curious why you don't just filter out the stocks below 2,000 volume from your scan results? Wouldn't that speed up your scanning even more?

[@alforliniteaching5670]

I:-)learning the day trade , but love my construction trades ,thank you.

[@mansitopinta]

Wouldn't it be easier to click on Volume, and it just orders them from biggest volume to least volume_ ????? Is there a reason why he doesn't do this?

[@erwann7701]

Thank you for this video. I'm new to TS. I see you 're are looking first to ALL stocks, then to NASDAQ, then to NYSE. May I ask what is the difference between ALL and NASDAQ and NYSE stocks please? I thought ALL was taking into account NASDAQ and NYSE stocks...

[@richardkraft6046]

I watched video on Scanning gaps but when I went to dollar gainers and dollar losers it does not have the tab above to switch from gainers to losers

[@michaelgoins7475]

Call what it is...a crappy trade..honesty!

[@Ocrepair]

Is there a subscription fee for using the desktop platform of trade station? 🤔 I am following your videos religiously trying to learn I feel that train station is the best platform at this particular time but I'm curious about the platforms and which platform to use whether the web base or the desktop version

[@scottyb1637]

I.m kinda new to tradestation... can you use their scanner to create a scan with only stocks you're interested in, and filter out those ADRs?

[@tedfritsch3340]

Interesting on the stock BILI, it's 11/30/2019. and on Friday it painted "The Three Wise Men" on the 60 MN chart.

[@mansitopinta]

wait, so you do this video live every trading day?

[@peterschiffer3582]

May I also suggest following: I several videos I watched the backround music (sorry I assume it should be backround) is louder then your voice. I would really love you change it or leave any backround music off if this makes too much work. TIA

[@Live.Traders]

You can suggest anything you like, but it doesnt necessarily mean I'll change it ;-)

[@mohsentavakoli3273]

where could one find the dollar gainer and looser list in interactivebrokers?

[@dontrinh7686]

Hi jared, i have been watching your videos on my commute to my home city, the drive is about 3 hours. I appreciate all your videos and lectures. i wanted to ask if the volume you're reffering to in the premarket scanner, is the premarket volume, or the volume of the day before?

[@PoowAaaH]

It's premarket Volume

[@TommyGunner86]

so for this trading session, you didnt wait for a 3 bar play, rather just wait for the price to reach your target, even if it was on the first bar?

[@anthonyliew2587]

Hi Jared. How do u put the selected stocks into a list of ideas? Thanks

[@Live.Traders]

I use $gainers and $losers...which creates the main list...then I have specific criteria to dwindle the list down to my favorite ideas. Cheers!

[@peterschiffer3582]

May I ask why you are using TS as platform and brokerage ? I'm asking because I coming from futures trading and I'm used to use DOM (what is the Matrix in TS) to place and manage trades. Hell I can not switch to the common stock trading platform. But maybe I should... I asking myself maybe I should work more on it and get it to be able/free to choose any broker out there. So far I'm on SIM to get my PlayBook working. I asking myself how good is TS as platform and brokerage to DAYtrade stocks. I could not find much about. I checked your videos 1 year back and there is no dedicated video about. I only found some mentions like in "How you can Trade Other People's Money" from 14.03.2016 May I ask for some thoughts about TS as platform and their brokerage. Maybe if you find some time a video ?

[@Live.Traders]

IMHO, TS is the best platform available, period. For one main reason: how easy the order entry is. I've used most platforms out there and mostly they are all the same. TS is different and it's better. The only thing I don't like is their list of HTB stocks is not the best.

[@peterschiffer3582]

If you say HTB stocks is not the best you mean there are not so much stocks to borrow right ? I lerned TS is introd. broker for IB and I thought this is the broker with the best list of stocks to borrow... Well I see why it is so hard to short stocks

[@Live.Traders]

IB and TS are not related. IBm has a great short list. TS not so much.

[@piping9525]

What's with the background music / noise?! Good info being lost!

[@Live.Traders]

Turn it up, LOL.

[@eyot6084]

How do you lock the scanner list so the stocks arent shifting in real time?

[@tradingthegap7427]

sounds like he listens to mixhound. love it :)

[@rickjulius3742]

I am curious due you ever consider doing ETF on your system?

[@Live.Traders]

You can trade ETF's if you like, there's nothing wrong with that at all.

[@mouhcinewakach5036]

Honestly I didn't understand what were you doing on the order book.

[@Live.Traders]

Email [e-mail]

[@skeeter4028]

Anyway, why are you using a daily chart to find gaps, you have to look much closer to see the amount of the gap.

[@Live.Traders]

Daily and premarket data

[@rajendrarao3057]

Good video

[@Live.Traders]

Thanks:)

[@AngryTomTom]

how do you create that premarket scan ?

[@Live.Traders]

$gainers and $losers then I filter it out by price, volume and quality of gap...

[@palbarua8489]

how to do weekly scan ?

[@Live.Traders]

Using $gainers and $losers and a weekly chart. Most scan are fine just make sure you are using a weekly chart when you scan.

[@chris20100469]

Hi Jared, I watch actually several videos of you and in this vidéo , i do not understand how you detect the "gaps" in premarket because on the graphics daily and 60 minutes, even in graph 5 minutes, i see nothing. We discover the gaps only when the market opens. How do you get to guess them ? what did I have to see and i did not see ?

[@Live.Traders]

Scan for them before the market opens using pre market gainers and losers.

[@crazyyutober1150]

He talked about the gap on 2-3 of his videos. If you cannot find it, you can watch it from my playlist. I saved his gap videos and several other traders videos.

[@haha5571]

Why not just double click the % header or VOL TOT header and they all line up without need to go so far down the list

[@peterschiffer3582]

Are you using TS 10.x ? Is it working for you ? I'm on TS 9.5 because 10.x is crashing. In TS 9.5 I#m not able to change the result order just by clicking on any header. It seems you can not tweak the scan result in any way. If you want then you need to create you own scan. Which is of course possible in TS. What I'm missing is a template which shows the params for the build in scans so I don't need to build a scan from scratch

[@haha5571]

Peter Schiffer neither, just seems like a logical thing for the software

[@edwardowen8668]

Love your videos and I know this is a couple years old but I thought Anmal was playing Mario Bros in the background. :-D Anyone who needs entertainment while watching your videos isn’t serious and should be playing Tetris instead.

[@moohaad]

Where can I get the book?

[@SnehasishGhoshSg]

Gold Mine

[@peterschiffer3582]

Hello, at 5:15 you say "$BUD is an ADR. I don't trade ADRs" but you checked $BABA which is also and ADR or not ?

[@Live.Traders]

Simple: BABA doesn't trade like an ADR. Take a look at the chart. There are a few I'll trade buy 98% of them I won't, so it's a fairly accurate statement

[@xViiiZe]

Live Traders how come you don’t trade ADR’s? Is it because they don’t get as much volatility as the true US stocks?

[@Live.Traders]

Because i like stocks that gpa for a reason, ADR's gap everyday because they reflect the price that it traded in for foreign exhanges.

[@Maria68Maria68]

@@Live.Traders So where you know which stock is an ADR? Experience?

[@Live.Traders]

@@Maria68Maria68 It says right next to the stock symbol although you can just look at the daily chart and tell due to the frequent gaps

[@peterschiffer3582]

I use also TS and I'm wondering you are using $ Loser/Gainers to find gaps ? If you scroll down you will find "Gap Up..." and "Gap Down..." scans. In my opinion the "...Losers..." and "...Gainers..." scans are not the same or not scans for gaps ?!

[@Live.Traders]

Not sure how you can say that, LOL. They are ABSOLUTELY gaps. Period. If something gains even 1 penny it's a GAP.

[@peterschiffer3582]

From logical point of view I understand what you mean and I agree with you! But when I check both lists they are different ?! Maybe I don't own the platform yet. So far it seems both scans are sorted/scanning for different values. I mean there are rows like Net %Chg or Net Chg and so and it seems the scans are different in that way...I used TS Help but it was not helpfull. I will keep an deeper view on it later. However, may I ask do you use any other scanning software to find stocks in play ?

[@Live.Traders]

13 years experience on this platform to your 1 day of experience on it? ;-) I think I have a good understanding of how it works and what works for ME. If you prefer a different type of scan, then use that scan. I just like to make money, REAL MONEY, Not simulator BS like 99.9% of the industry. So I'll stick to what has made me money. ;-)

[@peterschiffer3582]

I think you got me wrong. I'm your sub. I like your videos. I like how you share your experience and my questions should not question your experience. I'm asking because I like how you explain things and I want to understand the scans. I think you are the man who could answer. However. Looking forward for new videos

[@Freedomtrader456]

excellent

[@natstew6143]

What a pain in the ass gotta definitely have patients

[@Live.Traders]

Patience is king.