Looking to get my watchlist together for tomorrow. I am going thru all the biggest % gainers for the day on Finviz and Yahoo finance. I have a list of all the liquid tickers under $7.00 per share. I am in the chat room all day and there is a thousand tickers that get mentioned. Its impossible to watch them all or act on everybody thoughts. So I am going to put together my own list. I input the tickers that are on Yahoo and Finviz and on 90% them, no recent news is available. My list consist of the following.
Finviz scan
1. $AETI- 8.5 Million line of credit granted
2. AKER- Couldn't find anything
3. GSI- Refinance deal
4. HTBX- Couldn't find anything
5. SGOC-Couldn't find anything
6. STRI- Couldn't find anything
7 TOR- Couldn't find anything
8. LPTH- 52 week high B/O with no news
Yahoo Finance
1. AMPE- No news
2. EARS- No news
3. CLDN- No news
I have watched hours and hours of videos and I think I have information overload. Need a simple process to narrow it down to focus on the best plays and filter out all the noise.
Any advice would be helpful and appreciated.
Thank you.
You don't have to trade everyday and there won't always be great news either. If you must make a trade then pay attention to some of your "go to" stocks and possibly wait for support and don't expect huge profits but maybe a slight dip buy scalp. It's usually best case scenario when nothing's hot and moving.
I see most of my watchlist on your list here. To narrow your list - focus on the those in your list that you believe are most likely to move early tomorrow morning. No news is good thing - it means that the recent breakout can remain volatile. I like $AETI $GSI $AMPE HTBX. Look at the previous few days intraday and pre-determine what you will be looking for in each at market open tomorrow.
Specialize in something and master it. For example, if you trade small caps, understand the rules on what to buy and what to short like Tim says in his videos. You don't just buy or short anything. They have to meet certain rules and time events.
If you day trade stocks in general, then follow the scans and rules of Superman or Investors Underground.
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