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Should you focus on one stock?
- Thread starter baller1069
- Start date
It makes sense to just focus on one stock and get to know it - but are most of you guys that are recommending this approach recommending it on a scalping style, lots of trades/day basis?
Quote from dumbgai:
it would be a problem on the days your stock doesnt move.
You are correct, as you learn one also try and learn another. Add to your inventory so when your stock is out of play for the day you have one to fall back on.
Some market stocks move everyday. Some trader's can trade multiple stocks at the same time.
While 1 stock can be restrictive (although with the benefit of playing golf if it isn't moving), a handful of stocks that you are comfortable with during an active market and knowing the stocks average moving range over any time bar you like, a good living can be made. It may be boring, but a good living.
Quote from Maverickz:
Actually my prior comment pertains to swing and position trading. If you plan on day trading then yeah really 1 stock that typically has good intra day movement is all you need.
Yes, Master a few stocks.
I trade BIDU everyday, it moves big when it does and goes down 20-30 points as well. Daily average range 15 points and you can daytrade the hell out of it. Good premiums on options.