trade one stock only?

Quote from weld1:

what do u guys think of trading 1 stock, maybe 3 max ONLY!!!!:)
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A few months back I read "Dumb Money : adventures of a day trader" by Joey Anuff. In the closing chapter, the book describes a sort of Day Trader convention held out West where the 4 "top dogs" of that year (1999 or 2000?) are interviewed. There is one guy who made millions doing precisely as you describe.

On the upside it could focus your energy and makes you an specialist in the one or few stocks you choose instead of turning you into an easy mark for hype.

Good Luck
 
Quote from weld1:

what do u guys think of trading 1 stock, maybe 3 max ONLY!!!!:)
More...
It is a good idea. However, any stock in the SP500 is potentially of interest to me on any given day.

nitro
 
it's a good idea. If you are good at trading 1 stock with 1 strategy that can be good enough. I limited myself to three, and would only do 1 at a time. MSFT was one of them, that stock really rocks, even after the split. Always use a trailing stop once you are in profits especially with MSFT.
 
dbTrader said:
A few months back I read "Dumb Money : adventures of a day trader" by Joey Anuff. In the closing chapter, the book describes a sort of Day Trader convention held out West where the 4 "top dogs" of that year (1999 or 2000?) are interviewed. There is one guy who made millions doing precisely as you describe.

On the upside it could focus your energy and makes you an specialist in the one or few stocks you choose instead of turning you into an easy mark for hype.

Good Luck
More...
Trade one stock exclusively
https://www.dogpile.com/serp?q=Trade+one+stock+exclusively
 
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