RE: Stage Analysis Beginners Questions
(2021-07-01, 07:27 PM)JordanBrogan Wrote: Hi all.
This might sound like a daft question, but somehow i cant hack it.
How does everyone keep track of stocks they are watching?
You can set alerts (T212 only allows 100) but at what point do you set them as breakout point can be too late?
Also at what point would you take a stock off your list
Hi Jordan,
I recommend limiting your focus initially to a smaller area of the market so that you can keep track of it more easily. This could be the a few specific groups. i.e. Software, Semi-conductors etc. Or only recent IPOs, or just the S&P 500 stocks, or Nasdaq 100 stocks etc. So that you can manually watch these and mark up the charts nearing your potential entry points.
Another technique to cut down the results is to only focus on one setup as well i.e. VCP base of strong stocks in the early part of Stage 2 (see Mark Minervini). This will slow down the amount of actionable setups that you get. As you don't need to trade all the time. You can literally trade only one stock at a time with a reasonable position size and risk. i.e. 12% or 18% size with a tight stop loss, and you'll likely do much better, and you can focus on the quality of setup and entry point.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.