Now that you know all the tools available to find and validate trade ideas, let’s walk through an end-to-end example of choosing a winning trade from the InsiderFinance Dashboard.
We’ll be looking for tickers with as many bullish data points as possible to increase our likelihood of success on the trade.
This example analysis follows the same process in our How to Find Winning Trades section.
At a high level, here's the process we'll follow:
We’ll focus on finding a trade idea using Golden Sweeps, but there are many ways to identify trade ideas depending on your trading style (using the same general process).
Generally, the more data points supporting a trade idea, the higher the probability of success.
When looking for trade ideas on individual tickers, we look for bullish trades with the most support behind them.
This is the "checklist" we typically like to follow before entering a position:
Repeated calls and close to 0% put flow
Recent dark pool activity
Strong technicals
Positive news sentiment
Bullish sector activity
High Heat Scores
For strong technicals, we typically like to see bullish signals on both the 1-hour and 4-hour charts. A bullish signal on the daily chart is a great bonus.
If we don't see bullish signals on both, we typically create an alert on the chart that hasn't turned bullish yet and enter when it does.