I learned a valuable lesson today. I put 10 stocks on my watch list for today. I did so because I did not want to miss any good plays and there were so many great potential plays. Well, what ended up happening was I got overwhelmed, forgot my plan for some of these stocks and ended up missing almost all the plays!
I learned that I need to narrow my list down. I need to focus on no more then 4 or 5 stocks. By trying to avoid missed opportunities by adding so many stocks, I missed the opportunities.
The next trick is to find those stocls that actually will move. Mix a few of Tim's with a few of yours...
Great advice! I find myself doing the same thing and, before I know it, I've got 15 on my watchlist. WAAAAY too many to keep track of (I don't know how Tim does it, haha). Thanks for sharing with us!!
I think the key is to rank them, then keep only the best 5. Then be sure that the best 5 are even good enough to trade, because the 5 best stocks on Tuesday might all be worse than the 10 best stocks on Monday.
@RedScourge Agreed...
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