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 Explore New Opportunities @ Prophet.Net 
Welcome to the "Explore" section of Prophet.Net! As its name suggests, this section features stock-picking tools to help you find new trading opportunities. As you uncover promising candidates for further analysis, you can build your Watch Lists and Take Notes to organize your trading ideas.

[1] Visually Scan Minicharts

You’ll find thousands of minicharts throughout the Explore section. By visually scanning pages of charts (rather than just quotes), you can quickly put recent price movement into the context of the stock's overall performance to uncover new trading opportunities.

Click on any "Customize minicharts" link to modify the charts and save your settings. You'll be able to return to your favorite settings quickly and easily the next time you use the site. For example, you might want to be able to switch quickly between different perspectives: a 1-day intraday bar chart, a 3-month candle chart, a 1-year chart, and a 4-year weekly chart.

Each time you start a new session at Prophet.Net, your Default settings will be applied to the minicharts. Any changes you make to the settings will follow you from page to page. Basic members can save one set of Default settings. Premium Members can customize up to five (5) sets of Minichart Settings.


[2] Harvest New Picks into Watch Lists

As you find new stocks with potential, you can quickly add these symbols to your Watch Lists by clicking on the minichart. When you click on a chart, a menu appears:

Selecting "Add to Watch List" will let you add a symbol to any existing Watch List - or you can create a new Watch List on the fly. You can also view charts, news, and discussion for that specific stock.

Once you’ve added some promising opportunities to your Watch Lists, you can Analyze Charts and technical studies using Prophet's award-winning JavaCharts and SnapCharts custom technical charts. Your Watch Lists follow you throughout the site. Read the section below for a step-by-step example of how these stock-picking tools work within a broader Trader's Workflow.

 Tools for Exploring 

Here's a brief introduction to the core tools in the Explore section. For detailed information about any specific feature, navigate to it and look for tips and instructions in the left-column area of the page.


[1] Chart Toppers

Chart Toppers shows scans for the day's biggest gainers, losers, and most active stocks. You’ll also see stocks climbing to new 52-week highs and crashing to new lows.

View graphs for each scan to quickly assess whether a stock is rising with strength and momentum, or if the day's change is just a bounceback from being oversold the previous day.

Basic members can view 30 results for each scan, while Premium members can view a more complete listing:
* Gold: 250
* Silver: 150
* Bronze: 100


[2] ProphetScan

ProphetScan is a real-time market scanning system designed to help you hone in on promising trading opportunities that match your personal trading criteria - from a world of over 14,000 stocks available to trade.

ProphetScan gives you immediate access to scans based on the most recent market data available and provides an easy-to-use wizard to make building your scan criteria fast and easy.

But beneath the simple interface lies a powerful, proprietary scanning engine and real-time database for market activity and technical events. Here's a list of key criteria you can scan for:

* Major Groups - Define a broad basket of stocks based on exchanges, sectors and industry groups, and/or stocks that have options available

* Liquidity and Price Range - Hone in on the types of stocks you prefer to trade, and make sure they offer the liquidity you need to trade safely

* Fundamental Criteria - including Standard-and-Poor’s STAR ratings

* Technicals - Moving averages and favorite studies, such as RSI, Bollinger Bands, MACD, PSAR, and more! Plus you can scan double- and triple- bottoms (and tops), with customized criteria

* Intraday Activity - The wizard provides frameworks for several popular and powerful scans for intraday movement. Look for Unusual Volume, Gaps Up (and Gaps Down), and stocks trading at their Daily, Annual, and Lifetime Extremes

The ProphetScan wizard takes you through the six major criteria groups. In the first pane, you’ll choose the exchanges or sectors you wish to include in your scan. Once you’ve made your selection, click Next and continue until you’ve completed all six panes (you can leave any of them blank). Each time you add criteria from each group, you'll see the number of results update at the lower-left and upper-right of the wizard.

When you're done, you can:

* Save your scans for future use

* Review the results with or without quotes and minicharts

* Export all (or some) of the results to your watch lists

* Visually scan Minicharts - and access your favorite Minichart settings

* Export your scan results to Watch Lists

If you've thought about upgrading to a premium membership, we hope ProphetScan will encourage you to do so! All premium members enjoy the full power of ProphetScan, while Basic members are limited to 10 results per scan. Additionally, having multiple watch lists - a key feature of the premium memberships - allows you move seamlessly from stock picking to analysis to managing your positions and market timing.


[3] Industry Rankings & Chart Surfer

Use the Industry Rankings page in conjunction with Chart Surfer for a top-down exploration of stocks by sector, subsector, and industry groups.

First, find strong sectors. Using the respected Media General (MGFS) taxonomy of industry groups, Prophet charts daily market data for over 200 industries, sectors, and sub-sectors. With Industry Rankings, you can rank and sort industry groups and their components using your choice of timeframes. For example, position traders or swing traders might choose a 1-week timeframe, while longer term investors might look back 6 months or more.

Then identify the leaders of the pack. Once you've explored the industries and sectors, use Chart Surfer to drill down and compare individual stocks. With Chart Surfer, you'll be able to view graphs of all the stocks in each sector and scan for the most profitable patterns.

Depending on the trading strategies you prefer, not only can you look for the leaders but also the biggest losers (e.g., if you’re looking for stocks due for a turnaround), as well as stocks whose ranks have improved (or worsened) the most dramatically in that timeframe. One-click sorting gives you new views that help you understand what's going on in the market.

 Trader's Workflow Example 

Prophet.Net offers an incredible array of features, and, at first, it can seem a bit overwhelming. The power to profit lies in how the elements work together to create a personalized technical analysis system accessible from any browser, anywhere.

As you become familiar with what this site offers, keep in mind the three key themes of this powerful but easy-to-use system: Explore, Analyze, and Manage.

To illustrate this synergy, here’s a trader’s workflow that lets you Explore new opportunities with a custom scan, Analyze the results, and Manage your trading ideas in real-time:


[1] Scan for New Opportunities

Using ProphetScan create and modify a custom scan to give you a list of no more than, say, 100 results. (Basic members can set up any scan, though only the top 10 symbols based on sort order will be shown.)

Prophet.Net : Explore : ProphetScan


[2] Review Scan Results and Export

Review your scan results and export them to a Watch Lists.




[3] Analyze Charts Quickly and Efficiently

Navigate to JavaCharts, where you've saved your favorite study sets and chart styles; apply your desired settings to a chart. Click on the Watch List you just created from ProphetScan, and then use the FlipCharts arrows to quickly flip through the charts.

Prophet.Net : Analyze : JavaCharts


[4] Fine Tune Your List and Tag Your Top Candidates

From within JavaCharts, fine tune your Watch List as you do your analysis. Tag stocks that look most promising; right-click on the symbol in the left panel and choose Tag Symbol. Delete from the Watch List any stocks that fail further scrutiny.


[5] Watch Your Picks in Real-Time

Now navigate to MarketMatrix. Choose your Watch List from the View menu, and you'll be able to watch the stocks from your scan update in real-time. For dynamic sorting, click the %Chg column to keep the biggest gainers at the top of the list.

Prophet.Net : Manage : MarketMatrix


Why Upgrade?

To enjoy the full power of ProphetScan, as well as other advanced features at Prophet.Net, be sure to sign up for a premium membership. Click here for complete details of the features offered at each level.

Take a 7-day risk-free trial of any membership level:

Prophet.Net : Upgrade : Memberships


 
 
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