Success in trading is about consistently pulling profits out of market with controlled risk. To do that successfully, you need a concept based on some structural understanding of markets. The understanding might be one 1 minute time frame or several years time frame. It might be understanding about how markets or stocks react to an event. It might be a understanding about various elements like earnings, sales, debt, valuation, margin, etc. It might be understanding about momentum, price volume relations, long term price behavior. Whatever may be the concept it is the ability to interpret price activity,which determines our ability to extract money out of market.
Scans, softwares, websites, data sources, multiple monitors, power of computers are not the most critical element for success. If you have successful concept the tools help to speed up the trade identification process or manage it. As a rule of thumb one must spend 80 % of the time mastering the concept and once that is in place put the tools together.
Many of you have emailed asking which software to use or what specific scans or data sources. Almost all the concept I have discussed can be traded or a variation of the same by using free information. Go to Barchart or Yahoo finance, you will get everyday list of breakouts. You will get list of Episodic Pivot candidates by going here Same way you can find momentum candidate list by various time frame here
You can use the list here as substitute for 100% plus universe or you can use this list here at Barchart. You do not need TC2007 to trade "the concept"
If you do not understand the concept, no scan or software is going to make you profitable.