Websites for Stock Market Traders: 11 Useful Resources

Websites for Stock Market Traders: 11 Useful Resources

We have compiled a selection of the 11 best websites that we use ourselves and teach our TradingSchool students to use. By using these websites, you will be able to quickly obtain all the information necessary for day trading stocks. Here you will find the best scanners and filters, specialized websites on IPOs, biotech, and SPACs, news resources, and sites with trading ideas.

1. Finviz — screener, filter, fundamental company indicators, overall market sentiment and condition.
   Perhaps the best-known information aggregator, a filter/screener for stocks on the US stock market. This resource contains almost all information, except for the most highly specialized data.
   Here you can:
   • Select stocks for trading — the website offers a convenient scanner that allows you to filter stocks by fundamental, technical, and many other parameters, fitting practically any trading strategy;
   • Quickly see the most active stocks — top gainers/losers, new high/low, unusual volume, earnings before/after;
   • Quickly get a general idea of what is happening in the market right now.

A multitude of features on the site is available for free, while the rest is accessible via a paid subscription (from $25 per month). When taking a course at Fondexx, access to Finviz Elite is provided free of charge.
More details about working with the Finviz service can be read in our free 6-part mini-course.

2. Tradeideas — stock screener for professionals.
   This is another US stock market scanner, but significantly more advanced. The platform operates on the basis of artificial intelligence. With its help, you can effectively automate the process of selecting and analyzing stocks. Tradeideas can filter stocks by a multitude of specified parameters, forming specialized watchlists for different strategies, and also generate trading signals in real time. Another feature of Tradeideas is the scanner for stock activity on social networks.
   Since August 2020, broadcasts with Trade Ideas signals have been launched daily on the Fondexx YouTube channel. We have configured the scanners in such a way as to cover most of the market activity and save traders time on searching and analyzing assets. This allows more time to be freed for executing trades.
   More details about the broadcasts can be found here.

3. Bloomberg — financial markets news.
   To stay informed about the major events on the stock market, it is necessary to read the news. Bloomberg is the primary source for most news. Therefore, to avoid information distortion, it is better to immediately search for and read it at the primary source and in the original language.
   However, the site's free functionality is rather limited — after reading several articles, to continue broad usage, you need to purchase a subscription. But knowing that Bloomberg is the primary source, you can search for the information on free news websites or information aggregators and, upon seeing a link to Bloomberg, understand that this material deserves more attention.

4. Tradingview — working with charts, analytics, trading ideas, signals (including those from Fondexx), market sentiment.
   The most convenient and, as a consequence, the most popular website for working with charts. Users have access to a wide range of visualization tools for their ideas on charts, numerous technical indicators, and the ability to write their own indicators. The Tradingview format allows you to maintain a blog and publish your own trading ideas. Fifteen minutes after publishing, a post with a trading idea cannot be deleted, so subscribers have the opportunity to check the quality of the published ideas over time.
   The Fondexx blog on Tradingview, where signals are published for most of the strategies that we trade in prop and teach at TradingSchool.

5. IPO-scoop — aggregator of IPO stocks.
   The most convenient service for tracking IPO stock activity. The website features a calendar where you can easily see IPOs for which public trading will begin soon. Available information: the trading start date, ticker, placement price or range, etc. This is the service we use for selecting stocks for the IPO Intraday strategy.

6. IPO-calendar — Nasdaq.com's IPO calendar, the history of all IPOs for 10 years.
   This calendar is convenient for analyzing the history of IPOs, as it contains a database covering the last 10+ years. It is from here that we exported all the statistics when preparing the report “IPO-hype: another attempt to outplay the S&P500.”

7. Spactrack — all information on SPACs for traders and investors.
   A convenient service where all the information on SPACs is gathered: IPO date, volume, Definitive Agreement date, with whom they plan to merge, etc. The service has a Twitter account where you can quickly follow the news.

8. Biopharmcatalist — all information on biotech companies for traders and investors.
   A convenient aggregator of information on companies in the biotechnology sector (medicine and healthcare). Here you can find an FDA stages calendar with an archive of several years, an industry-optimized scanner, analytics, and industry news.

9. ETF Database — platform for ETF analysis.
   Here, all existing ETF funds are gathered and structured by various parameters — asset class and size, sector, industry, geography, investment style, and many other parameters. For each fund, full specifications are provided — issuer, management fee, what the fund consists of and how it is formed, capital flows, etc.

10. Shortqueeze — a service for short-sellers and those who trigger short squeezes.
    After the buzz around GME and Wallstreetbets, the analysis of short float became especially relevant — the percentage of the total outstanding shares that have been borrowed by traders to open short positions. This task is best handled by this service. The website features a convenient thematic scanner, access to historical short float metrics, deep analysis of current possibilities related to short float, and much more.
    If stocks with a high short float start to surge significantly, the likelihood of a short squeeze increases. And a short squeeze is an excellent opportunity to profit from triggering the stop-loss orders of short sellers. If all these terms are unfamiliar to you, we recommend taking one of our training courses.

11. Openinsider — insider trading screener.
    Another specialized platform, this time for analyzing insider transactions. On the website, information about transactions reported by insiders to the SEC is updated in real time. There is also a specialized screener that will help you filter the necessary information: the date and time of the transaction report, volume, average execution price, etc. An archive of information is available, which will be useful for analyzing history. Insider transactions are a parameter that professional traders always take into account and use in trading.