Hi everyone,
One question: From all the stocks there are to Trade, how do you decide, without getting overwhelmed, which one to trade? For example, does it boil down to knowing exactly what set ups, price range (example 1$ to 5$) you are comfortable to trade and avoiding the others? what is your thought process?
Reason for my question is because, sometimes you end up creating a watchlist of some 10-15 stocks after hours, then premarket there are newer plays, and after all the reasearch i've done after hours i end up trading something else.
What are your thoughts about this? During the day how do you monitor all the watchlist?
Not sure if i made my self clear, but i would love to hear your feedback.
@MichaelGoode Im following you too Michael, you're on my smart people list :)
@MichaelGoode Thanks for the advice, im constantly working on refining my trading process, not focusing on profits per se, hence this question.
I've been studying and reading all about the stock market for the last 10 years. I have gone through different types of trading styles, penny stock when I was 18, no clue what I was doing and failed. Then bought blue chips, zzzzzz, then went to a dividend driven portfolio, zzzz, and recently discovered Sykes and his world of penny stocks. My advice to you would be not to rush trading, study, study, study. You will soon begin to open up your mind to charts, patterns, good setups,technical indicat
But, your readiness time will depend on how dedicated you are. Me, I go to sleep and have dreams of morning spikes.
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