Ross Cameron, a well-known figure in day trading and founder of Warrior Trading, has specific criteria he recommends for screening stocks, particularly for momentum trading. Here are the key criteria often discussed:

Recommended Stock Screener Criteria by Ross Cameron:

1. Low Float:

   • Target low float stocks, generally under 5 million shares. Lower float stocks tend to be more volatile and can provide larger price movements, making them suitable for day trading.

2. High Relative Volume:

   • Look for stocks that are experiencing high relative volume compared to their average volume. This indicates increased interest and can lead to momentum trades.

3. New Highs and Lows:

   • Utilize scanners that pull up stocks hitting new intraday highs or lows. This helps identify stocks that are breaking out and have the potential for quick gains.

4. Price Range:

   • Stocks typically priced between $1 to $10 are often preferred due to their accessibility for traders and potential volatility. Adjust the price range based on your trading strategy.

5. Active News or Catalysts:

   • Focus on stocks that are in the news or have upcoming earnings reports, press releases, or other catalysts that could affect stock movement. News can significantly impact stock prices.

6. Technical Indicators:

   • Use technical analysis to look for bullish patterns or setups. This can include indicators like the RSI, moving averages, and MACD to assess momentum.

Additional Resources:

For further guidance on how to effectively use stock scanners to find hot stocks, Ross Cameron discusses his approach in various formats, including blog posts and videos. You can explore more on this topic through Warrior Trading and YouTube videos by Ross himself.

These criteria are fundamental for developing a solid trading strategy focused on identifying stocks with high potential for quick trades and maximizing profit opportunities in volatile market conditions. If you need more specific examples or further clarification, feel free to ask!

Sources

What scanners are is Ross Cameron's software? Are they worth itHow To Use Stock Scanners to Find Hot Stocks - Warrior TradingWatch List of the Best Stocks for Day Trading - Updated DailyProven Formula for Finding BEST Stocks to Day Trade (Step-by ...How To Find Stocks To Day Trade – Small Account ChallengeThe Gear You Need to Navigate Day Trading: Advice from Warrior ...Is Warrior trading a legitimate option for beginners looking to make a ...

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