How To: Use Benzinga Pro For Day Trading

Mon Nov 25, 2019, 07:00 pm | by Delaney DeAngelis | No comments

A key tool for day traders is investing in a fast newsfeed like Benzinga Pro. Newsfeeds help traders with finding fast, real-time news to find volatility and trading opportunities. Benzinga Pro helps traders around the world get access to fast news, real-time alerts, and so much more. Benzinga Pro helps day traders with tools like: 

  1. Real-Time Newsfeed 
  2. Details tool 
  3. Calendar Suite
  4. Watchlists 
  5. Movers tool (Find big gainers and losers) 
  6. Signals tool 
  7. Screener (Beta) 
  8. Audio Squawk 
  9. Chat (Beta) 

Keep reading to learn more about how to use each tool in Benzinga Pro. 

1. Newsfeed

Image of the Benzinga Pro Newsfeed

The Newsfeed is the core of Benzinga Pro—and it’s fully customizable so you can tailor it to your trading strategy. You can also create multiple different Newsfeeds for different needs. 

Sources

You can filter the Newsfeed by the following sources 

  • Benzinga Signals (Automated alerts highlighting extreme price volatility and trading halts)
  • Benzinga Wire (Real-time actionable news) 
  • Jiji Press (From the Jiji Press Feed in English) 
  • Partner Links (Syndicated links from our partners) 
  • Press Releases 
  • SEC Filings 

You can also color-code sources to easily find them in your newsfeed

Categories 

You can filter the newsfeed with 28 categories, including: 

  • Analyst Ratings 
  • Cryptocurrency 
  • Cannabis 
  • Commodities 
  • M&A 
  • Why Is It Moving?

You can also color-code categories for your newsfeed. 

Sectors 

You can choose from 11 sector categories to filter the newsfeed. You can further filter the newsfeed from industry groups within each sector

Sector categories include: 

  • Basic Materials 
  • Consumer Cyclical 
  • Financial Services 
  • Real Estate 
  • Consumer Defensive 
  • Healthcare 
  • Utilities 
  • Communication Services 
  • Energy 
  • Industrials 
  • Technology 

Watchlists

You can also set up your Newsfeed to only show news related to your watchlists (more on the watchlist tool later!).  

Desktop Notifications

The Newsfeed tool also allows you to set up desktop notifications so you never miss out on the news—even if you are on a different tab in your browser. 

2. Details

details-tool-in-benzinga-pro

The Details tool gives you everything you need to know about a specific ticker. In the Details tool, you can:

  • Notice of any conference calls and earnings announcements
  • Charts from TradingView
  • Financials and Key Data
  • Peers 
  • Dedicated Newsfeed 

The Details tool is your one-stop to access the information you need to know about a specific ticker. 

3. Calendar 

The Calendar tool is a way for you to quickly see different categories organized by date. Our most popular calendar is our Earnings Calendar, but you can also you Calendar categories including: 

  • Analyst Ratings 
  • Conference Calls 
  • Dividends 
  • Economics 
  • Guidance 
  • IPOs 
  • Mergers & Acquisitions
  • Retail Sales 
  • SEC Filings 
  • Secondary Offerings 
  • Splits 

You can filter the Calendar suite by the date range you want and can filter the results with your watchlists. 

As with many of the Benzinga Pro tools, you can always edit the columns and filters you see in the results. 

4. Watchlists 

Image of a Benzinga Pro watchlist

Watchlists give you the power to keep your eyes on stocks you might be interested in, or have a position in. 

You can make as many Watchlists as you’d like in Benzinga Pro. Many Benzinga Pro users like to make a watchlist for different sectors or make a daily watchlist for their trades. You can rename each watchlist accordingly. In addition to creating watchlists, you can also: 

  • Configure the columns to choose which filters you want to see 
  • Set up alerts for those watchlists 
  • Download the watchlist to a CSV 

5. Movers 

Movers is a popular tool for day traders because it helps you find opportunities with the biggest gainers and losers. 

You can filter the Movers tool by several filters, including: 

  • Gainers, losers, or both 
  • Session: PreMarket, Regular, or After Hours 
  • Period: 15 minutes, 30 minutes, 1 hour, session, 1 week, 1 month, 3 months, 6 months, 1 year, year to date. Or, you can customize the time period. 
  • Sectors 
  • Market Cap (Choose from a sliding scale or customize) 
  • Price (Choose from a sliding scale or customize) 

You can also choose if you would like it to freeze the results or refresh every minute. Once you choose your filters, you can click the blue bar at the top to collapse the filters so you can see more results on your screen without scrolling. 

In addition, you can choose to customize the columns to see what filters you want to display. 

The Movers tool is perfect for anyone looking to find those big movers to capture opportunities and make a profit. 

6. Signals 

Screenshot of Signals in Benzinga Pro

The Benzinga Pro Signals tool alerts you to price or volume related events. When a new Signal is added in real-time, it will appear in the Signals tool. 

Select what Signals you want to see include: 

  • Price Spike 
  • Options Activity (Note: Options Activity is an additional fee) 
  • Block Trade 
  • Halts/Resumes 
  • Opening Gaps 
  • Session, Day and/or 52 Week Highs 
  • Session, Day, and/or 52 Week Lows 

Further, refine your Signals feed by choosing from the following filters: 

  • Securities
  • Watchlists 
  • Exchanges 
  • Shares Outstanding 
  • Share Float 
  • Country 
  • Price/Earnings Ratio 
  • Dividend 
  • Dividend Yield
  • Market Cap 
  • Price (Previous Close) 
  • Change % 
  • Change 
  • Average Volume (14 Day) 
  • Sector 

Fully customize your notifications by choosing from desktop, sound, and/or synthesized voice notifications.  

7. Squawk 

One of Benzinga Pro’s most popular features is our Squawk—and for good reason! Our audio Squawk runs from 6 a.m. to 6 p.m. Eastern time. The Benzinga Pro newsdesk team will read out key headlines and news that you should know out loud.

Whether you’re in a different browser tab, want to save screen space, or you just want to hear key news out loud, Squawk is a trader favorite. 

8. Chat

The Chat tool is the heart of the Benzinga Pro community. Our #general chat is your spot for all things trading. You can chat with other traders about news, reaction to the markets, trades you’ve made, and more. Our #politics chat is focused around political news and discussion. 

9. Screener

screenshot_of_screener_in_benzinga_pro

Benzinga Pro’s Screener tool allows you to screen for stocks using over 50 filters. You can sort by basic, fundamental and technical filters, or choose to view all filters and choose the ones that fit your trading strategy the best. 

Popular filters include: 

  • Simple Moving Averages 
  • Float and % Float
  • VWAP 
  • Relative Strength Index 
  • Average Volume 
  • And so many more. 

To further customize the Screener, you can sort the results by overview, valuation, trend-following, or last candle. Select the column tool on the right to add or remove any columns. 

Other features of the Benzinga Pro Screener include: 

  • Exporting to CSV
  • Sort candle interval by one minute, day or week 
  • Choose a refresh rate or keep the results static 

Price

Benzinga Pro offers two levels of membership: Basic and Essential. Each membership guarantees you access to Benzinga Pro, but the tools available to you are different. 

Basic Subscription Essential Subscription
Watchlist Alerts Everything in basic, plus: 
Details Tool with Key Data  NASDAQ Basic Real-Time Quotes
Signals (Highs and Lows ONLY)  Full Newsfeed Access
Limited Newsfeed Audio Squawk 
Calendar Suite 
Sentiment Indicators
Signals (Options Additional Fee) 
Movers 

 

You can purchase either membership for monthly, quarterly, and annual renewal. 

Basic Essential
Monthly  $99/Month $147/Month
Quarterly $297/Quarter $377/Quarter
Annual $79/Month, Paid Annually $117/Month, Paid Annually

Final Thoughts

When looking for a tool for day trading, it’s important to have something that fits all of your needs. Benzinga Pro offers plenty of tools and is highly customizable so you can tailor it to your own trading strategies needs.

To see how you can use Benzinga Pro for day trading, start your free, two-week trial. 

Read Next: 

How to Use Benzinga Pro to get Stock Market News

Disclaimer: Benzinga is a news organization and does not provide financial advice and does not issue stock recommendations or offers to buy stock or sell any security. Benzinga Pro is for informational purposes and should not be viewed as recommendations. Benzinga Pro will never tell you whether to buy or sell a stock. It will only inform your trading decisions.You can find our full disclaimer located here.