How to Scan for Pre Market Movers on Thinkorswim

Are you looking to get a head start on your day trading by scanning for pre-market movers? Thinkorswim, a popular trading platform, offers powerful tools to help you identify potential stocks to watch before the market opens. In this guide, you will learn how to scan for pre-market movers on Thinkorswim and gain an edge in your trading strategy.

To begin scanning for pre-market movers on Thinkorswim, you will first need to open the platform and navigate to the 'Stock Hacker' tab. This tab allows you to filter stocks based on specific criteria, such as price, volume, and market cap. By setting up your filters to include pre-market data, you can quickly identify stocks that are making significant moves before the market opens.

Once you have set up your filters to include pre-market data, you can run your scan and generate a list of potential pre-market movers. Be sure to review the results carefully and look for stocks that meet your trading criteria.

After identifying potential pre-market movers, you can further analyze the stocks to determine their viability as trading opportunities. Look for factors such as news catalysts, technical indicators, and historical price action to gauge the potential risk and reward of each trade.

It is important to remember that pre-market trading can be volatile, and prices can change rapidly. Make sure to manage your risk effectively by setting stop-loss orders and sticking to your trading plan.

By following these steps and utilizing the tools available on Thinkorswim, you can improve your ability to scan for pre-market movers and capitalize on trading opportunities. Take the time to practice using the platform and refining your scanning criteria to enhance your trading success. Start scanning for pre-market movers on Thinkorswim today and stay ahead of the market trends!