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Swing traders --question
- Thread starter pbw
- Start date
Quote from pbw:
For swing traders,
on a normal day, how many stocks do you generally look at -- and how many stocks do you generally trade per day.
RIght now I am looking at about 25 or so -- but feel that is not enough --as I don't seem to be finding good swing trade stocks.
comments appreciated.
How are you defining swing trading?
Quote from pbw:
For swing traders,
RIght now I am looking at about 25 or so -- but feel that is not enough --as I don't seem to be finding good swing trade stocks.
comments appreciated.
I have trouble keeping track of more than 10. Seems whatever one I'm watching does very little and the ones I don't watch take off.
How do you look after that many? Are you placing buy/sell stops to get into the market?
I only look at ones i plan to enter. Use a scanner - either automated or by hand, set alerts for when the stocks hit your criteria, then execute
not always that simple, but that's it in a nutshell. I have 5 Level II screens, no watchlists
not always that simple, but that's it in a nutshell. I have 5 Level II screens, no watchlists
I started with a general scan that started with aboyt 150 stocks (at thier 52 week high or low on increasing volume and eps moving in the correct direction for the trade, i also look at money flows in and out...everything must move in teh correct direction). I then look at tecnicals to calculate a good en try or exit.
the universe has been narrowed to about 25 or so that is edited each week. some come in, some come out. it hink that is a good number...hard to look at too many.
I am market neural...or close do it depending on the day. right now slightly more long than short.....
the universe has been narrowed to about 25 or so that is edited each week. some come in, some come out. it hink that is a good number...hard to look at too many.
I am market neural...or close do it depending on the day. right now slightly more long than short.....