4 ThinkorSwim Short Sell Scans for Day Trading

Below are 4 awesome ThinkorSwim short sell scans for day trading. A few years back there was a young whiz kid trader by the name of Nikkoricoo who almost became an overnight millionaire short selling over extended stocks.

In 2015 Nikkoricoo’s luck ran out. It was reported that one bad trade took him out. Instead of cutting his losses, he kept adding to the loser. In May 2015 he lost nearly $400,000 in a single day. Soon after this devastating loss he deleted his Twitter account, removed his blogs and hasn’t been heard from since.

Supposedly the 4 TOS scans below almost made Nikkoricoo a millionaire.

ThinkorSwim – TD Ameritrade – Free Level 2 and Trading Platform

Add Study Filter > Custom… > Click the Pencil editor > Go to ThinkScript Editor Tab, and copy and paste the below script.

Short Scan for $1 to $20

close>(1.20*close[1]) or close>(1.20*close[2]) or close>(1.30*close[3]) or close>(1.30*close[4]) or close>(1.30*close[5]) or close>(1.30*close[6]) or close>(1.30*close[7]) or close>(1.30*close[8]) or close>(1.30*close[9]) or close>(1.50*close[10]) or close>(1.50*close[11]) or close>(1.50*close[12]) or close>(1.50*close[13]) or close>(1.50*close[14]) or close>(1.50*close[15]) or close>(1.50*close[16]) or close>(1.50*close[17]) or close>(1.50*close[18]) or close>(1.50*close[19]) or close>(1.50*close[20])

Short Scan for .01 to $1

close>(1.30*close[1]) or close>(1.50*close[2]) or close>(1.50*close[3]) or close>(1.50*close[4]) or close>(1.50*close[5]) or close>(1.50*close[6]) or close>(1.50*close[7]) or close>(1.50*close[8]) or close>(1.50*close[9]) or close>(1.50*close[10]) or close>(1.50*close[11]) or  close>(1.50*close[12]) or close>(1.50*close[13]) or close>(1.50*close[14]) or close>(1.50*close[15]) or close>(1.50*close[16]) or close>(1.50*close[17]) or close>(1.50*close[18]) or close>(1.50*close[19]) or close>(1.50*close[20])

Short Scan for $20+

close>(1.15*close[2]) or close>(1.15*close[3]) or close>(1.15*close[4]) or close>(1.15*close[5]) or close>(1.2*close[6]) or close>(1.2*close[7]) or close>(1.2*close[8]) or close>(1.2*close[9]) or close>(1.25*close[10]) or close>(1.3*close[11]) or close>(1.3*close[12]) or close>(1.3*close[13]) or close>(1.3*close[14]) or close>(1.3*close[15]) or close>(1.3*close[16]) or close>(1.3*close[17]) or close>(1.3*close[18]) or close>(1.3*close[19]) or close>(1.3*close[20])

Short Scan “Safety Net” Scan

close>(1.40*close[1]) or close>(1.40*close[2]) or close>(1.50*close[3]) or close>(1.50*close[4]) or close>(1.75*close[5]) or close>(1.75*close[6]) or close>(1.75*close[7]) or close>(1.75*close[8]) or close>(1.75*close[9]) or close>(1.75*close[10]) or close>(1.75*close[11]) or close>(1.75*close[12]) or close>(1.75*close[13]) or close>(1.75*close[14]) or close>(1.75*close[15]) or close>(1.75*close[16]) or close>(1.75*close[17]) or close>(1.75*close[18]) or close>(1.75*close[19]) or close>(1.75*close[20])

These ThinkorSwim short sell scans where lost for good..

I brought them back from the dark-side because I know they work. Add these scans in ThinkorSwim. Create a watch list of those stocks that look over extended or that you’ve discovered to be hyped up.

Follow those stocks for about a week to a month then come back to this article and share your results in the comments section below.

JC Trades

Day Trading stocks since 2014, he documented his first 100 Day Trades at http://jctrades.com.

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