| How do you use a stock screener tool effectively? | | | | fundamental sectors (will be different to each |
| Bear in mind that the keyword of the question here | | | | particular country) will not have a strong foothold |
| is "effectively". | | | | forever. |
| There are many instances to use these robots. | | | | The tides will change and the market will head in a |
| Therefore, I think that it is best that one takes | | | | different direction with new leaders. Using such |
| some time to have a complete mastery over the | | | | technology on bad economic sectors is as though as |
| multiple functionalities of these tools before one | | | | hiring the best tailors to customize an invisible suit. |
| begins training. | | | | Work the tools on the correct economic sectors to |
| Stock screener tools are useful only if you make | | | | maximize your portfolio's performance! |
| them out to be. Here are some palpable examples | | | | Using the stock screener tools without narrowing |
| for inefficiency: | | | | your choices |
| Market is on an obvious downtrend | | | | Do bear in mind that humans should maintain flexibility |
| Firstly, take a good look at the technical charts of | | | | as stock robots are rigid in nature. They can |
| the indexes. If the main world indexes are displaying | | | | manipulate their own algorithms or change complex |
| signs of obvious weaknesses, there will be an evident | | | | mathematical rules. Even if you are using the various |
| downtrend. To use a stock screener tool at this time | | | | tools in an extremely bullish market, you should |
| will definitely be inaccurate as all the stocks will be | | | | realize that you will need to narrow your options to |
| dipping. Although there will be a few stocks which | | | | increase your chances. |
| might appreciate, why take the risk and blame the | | | | By spreading your capital on many counters, you lose |
| tools subsequently? | | | | the chance to be financially productive. Instead, you |
| Using the stock screener tool on specific sector | | | | should have just focused on two (or three) counters |
| which is performing extremely badly. | | | | and invest a concentrated sum of money. The poor |
| The market moves in periodical cycles as each | | | | diversify their investments and spread their eggs into |
| market sector take turns to contribute to the | | | | many baskets. Successful day traders place their |
| market at different intervals. This is a natural law of | | | | eggs into two (or three) baskets only and watch |
| the market. It might be understandable to say that | | | | these few baskets very carefully. |
| some sectors are stronger. On the other hand, these | | | | |