Watching too many symbols

pma · Feb 25, 2010

I am missing out on moves from info overload. I realize its dumb to miss moves from too much crap going on,so time to change. I am going to try a week of only one contract and see what happens.
Anyone else in the same boat

jajuanm2 · Feb 25, 2010

It happens, hard for the mind to make decisions with conflicting information and data overload. I have found 2 contract max is good for discretionary trader. If you trade a system, you can follow a lot more markets. What are you trading?

pma · Feb 25, 2010

Quote from jajuanm2:

It happens, hard for the mind to make decisions with conflicting information and data overload. I have found 2 contract max is good for discretionary trader. If you trade a system, you can follow a lot more markets. What are you trading?

"Trying" to trade CL,ES,TF, and ZS simultaneously-duh on me. Funny thing is that I can do alright trading one at a time. The feeling of missing out on some big move is ever present.

trader#21 · Feb 26, 2010

Quote from jajuanm2:

I have found 2 contract max is good for discretionary trader. If you trade a system, you can follow a lot more markets. What are you trading?

Don't make generalizations. I usually watch around 15 tickers, can comfortably trade 10 simultaneously. Yes, discretionary and intraday.

GOP_trader · Feb 26, 2010

I'm sorry for making a generalization., I will not let it happen again, I should have said I have found that to be true for me. Each person is different and there are a millions ways to make a millions bucks.

Quote from trader#21:

Don't make generalizations. I usually watch around 15 tickers, can comfortably trade 10 simultaneously. Yes, discretionary and intraday.

jajuanm2 · Feb 26, 2010

Good for you.

Quote from GOP_trader:

I'm sorry for making a generalization., I will not let it happen again, I should have said I have found that to be true for me. Each person is different and there are a millions ways to make a millions bucks.

dozu888 · Feb 26, 2010

watching 3-4 intraday should be fine and enough.

for swing trades, I have 12 ETFs in a portfolio and that is all needed.

stock777 · Mar 1, 2010

Quote from trader#21:

Don't make generalizations. I usually watch around 15 tickers, can comfortably trade 10 simultaneously. Yes, discretionary and intraday.

I bet you can.

I also bet you can lose your balls on 10 stocks simultaneously too, comfortably.

trader#21 · Mar 1, 2010

Quote from stock777:

I bet you can.

I also bet you can lose your balls on 10 stocks simultaneously too, comfortably.

LOL

get a real life outside ET, meet some real traders.

trader#21 · Mar 1, 2010

Quote from GOP_trader:

Each person is different and there are a millions ways to make a millions bucks.

yeah, I have a friend who just trades one stock at a time. He played only GOOG for over two years until it went below 400. Currently he trades MA. He kind of turns into a surrogate specialist in the stock he's trading, has a very good sense whenever significant buying or selling occurs.