4 Premium Tools For Day Trading - Amazing Adviser

In this article I will tell you about 4 premium tools for day trading which will level up your game and increase your winning percentage in day trading.

Day trading is a business, not a hobby.

Image Credit - Google Images | The Economics Time


You have to look at day trading as a business.  If you’re running a business and trying to scale, you can’t be cheeping out and trying to cut corners.  

And trading is the same way, once you’ve figured out a few set ups and strategies that work well.  

It’s time to invest more money to make more profits.

In this article I’ll be going over the top four premium day trading tools I use.  How much they cost per month.

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How I use them to scan for gappers to trade, analyze stock structure, research fundamentals, and execute those ideas the fastest way possible, and smashing the like button to double your trading account every single day.

Tool Number 1 - Trade Ideas

The first trading tool that I use is Trade Ideas stock scanner.  

This is literally the first thing I open when I get to my turn on my trading computer every single morning at 4am pacific time. 

Trade ideas has a very extensive premarket gap scanner and there are so many different ways to customize the scanners according to your own trading style.

 Do you trade smaller cap low float gappers?  Do you trade large cap stock gap up or gap downs? There are settings for you to pick there.

 And those are just for the premarket scanning.  Intraday I use trade ideas to pick up all the momentum stocks with a Momo scanner.  

This way I can find the most volatile stocks with the most range.  You can also customize various technical strategies on trade ideas.

  For example, if you want to receive alerts and pick up stocks that has indicator crosses such as vwap and 9EMA cross with volume, trade ideas would be the perfect tool to provide you with those technical alerts.

 I also use the stock detail window to really quickly analyze the stock’s float, market cap, and short interest.


This is an extremely useful tool for me to do some quick analysis on the fly when the scanner picks up a low float runner in play.  

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Tool Number 2 - Behzinga Pro

The next tool I want to talk about is Behzinga Pro.  I know I talk about this tool a lot in my videos, but that's because I literally use this tool every day… and I’m in love.

  It’ll make sense in a minute.  These are all the premium trading tools that have helped me so much in terms of speeding up my research, and making more profits in trading.

Behzinga pro is essentially a newsfeed service, but it also has some scanner components to it.  

So, the movers section here you can customize it to pick up premarket gappers like trade ideas.

 Usually once I have the gappers from trade ideas, I go to Behzinga to do my fundamental research.  

I want to know why the stock is up in the first place, is it because they had FDA approval, was it phase 1 or phase 2 trial, did the stock find a cure for cancer.

All of these are important headlines that we as traders need to know before buying a stock.  

Another most common way to use Behzinga is with keyword search functions in the news feeds.

 So, if you focus on just trading earnings, or FDA approval, you can search those keywords and find all the corresponding headlines and stocks associated with them.

 So, it’s with that feature that I have my small cap reverse split keyword search set up.  Each time i see a potential low float runner show up, I’ll save them in the watchlist section.  And turn on email notifications.

 So, I’ll get alerted if any of these potential runners file any SEC filings, or publish any news headlines.  I go over this strategy in detail in this video.

 Another extremely useful feature on Behzinga is the squawk box.  

In which you will hear BehzingaCharlie, aka my one true love, announce out loud the real time news alerts.

And most times he will announce the breaking news before the articles are written and published on any other news sites like CNBC.

 But if you just want Behzinga Charlie.  But if you just want the squawk alert feature, you can get that for free in the thinker’s platform.

  Real quick side note here in case a lot of people didn't know about this.  

In thinkorswim, click top righthand support chat button.

Click on the chat room and that's where you will see Behzinga squawk.  

Once in this chat room you can turn on the listen feature.  Then you’ll hear all the audio alerts for free. 

Sometimes on squawk when BehzingaCharlie goes on break, you’ll hear this other guy.  I don’t know his name, let’s call him beholder mike.  

I think I like Charlie more though but I might be biased.

I have a full video on my Behzinga pro set up and even more in depth walk through of all the settings if you want to check that out.  

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Tool Number 3 - Briefing

The third premium tool I use is Briefing.

 This is also a premium subscription service for news and fundamental research.  But I would say the research on here goes a lot more in depth for the large cap stocks.

 I don't trade just small caps guys.  Especially as we approach the summer trading season, small cap market tends to be extremely slow from my past experience.

And that's where Briefing comes in handy.  Each morning premarket, they provide a very detailed premarket gap up and gap down summary with key stocks in play and their headlines. 

As well as the overall sentiment for S&P futures the various markets around the world, in China, Japan, India, he.  

And the website will continue feeding you developing stories and headlines throughout the day according to your own custom preferences.

 I mostly use briefing for reading large cap stock earnings reports and the details of the conference calls.  

Whether the company made any comments on guidance and future outlooks or any major fundamental changes that would move the price of the stock short term for day trading.

The website is also a very reliable source of analyst upgrades and downgrades if you know how to play those.  

A few other features that's worth noting on Briefing.

On the top menu here, you can look at economic calendars.  

Stock splits, IPO report, and various ideas for swing trading as well as long term investing.  So briefing is a very well-rounded research site for all types of traders.

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Tool Number 4 - Das TraderPro

Now the fourth premium trading tool will perhaps answer one of the most commonly asked questions.

And that is, what is your day trading platform, and how do you get the fastest execution and fills possible.  

And it’s very simple, to do so, you just need to hit the like button at the bottom of this video.  And check out the trading platform DAS traderpro.

A very common misconception people have is thinking DAS trader pro is a broker.  

And it’s not.  Das Trader is a direct access market provider, and offers traders to execute trades on their mobile, web, and desktop platform.

 By itself, DAS trader pro is a real time trading simulator.  So, you can essentially paper trade with live market data and execute your trades this way.

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 Or you can also connect your broker to DAS trader pro if your broker offers that option.  

For example, I have an account on Interactive brokers but I don’t like to use their own platform TWS.

So, I can connect my broker account from IB with DAS trader platform and purchase market data subscription from Das Trader instead.

 And the reason many professional traders choose to execute their trades on DAS platform instead of the default from their brokers is of course the low latency order fills and reliability of their platform.

In trading, every millisecond and every tick on the candle counts and they have real life financial consequences.  

I have tried many broker platforms throughout the years.  And there are some that take a few seconds even to fill 500 shares, and the price I get executed at, is clearly subpar.  

And I felt ripped off when I miss my fills by 5 cents.

Or the platform would literally freeze up.  So that’s why I use DAS trader pro and have it connected with various brokers and pay for multiple subscriptions per month.


Yes, the speedy executions are worth it.  

There are various brokers that offer Das trader connections, like Interactive brokers that we talked about, CenterPoint, Cobra Trading, Lightspeed and CMEG.

  So, if you are at a point in your trading where you want to start sizing up and take it seriously, I would highly recommend trying out DAS trader platform.

  Das trader platform also has a very useful feature called Stream Replay Mode, which essentially allows you to go back in time and execute historical price action of any given stock on their platform.

 So, if you want to backrest your strategies and set ups, this feature would be very useful for you.  Now let's talk about the cost of all these tools.

 Trade Ideas standard is the plan I have is about $120 a month, Behzinga pro essential is $147 a month, briefing in play is $89, but I have all these tools on an annual plan at a discount. 

As for DAS Trader Pro I have the Elite data subscription package and that's $170 a month, per platform.  So that adds up to be about 500-600 a month in premium trading tools. 

Like I said, it takes money to make money, you have to look at it as, do these tools make me more than 500 or 600 a month.  And my answer is absolutely yes.

So, then they’re very worth it.  And they are also tax write-offs.  If you’re interested in trying out any of  these tools, I have some free trial links  and discount codes below.  

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