when day trading...

Quote from dafong:

is it better to follow a small group of around 5 stocks or have a large watch list and trade where the action is?
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I day trade bond futures and forex, not stocks, but I believe the same concept applies: Less is more!

I normally don't track more than 1-2 instruments during the day. Having a big watch list always causes me to become undisciplined and make random trades.
 
I second that... it's better focusing on 1, 2 maybe 3 ibnstruments than having the whole screen plastered with little charts from a big watchlist...
 
Quote from Sky123987:

I trade about 2000 stocks
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:eek: so you have a list of 2000 stocks and every day you select the ones (How many?) you are going to trade?
 
I agree - I just trade ES and TF, and sometimes NQ.

Quote from lemeeeplay:

I day trade bond futures and forex, not stocks, but I believe the same concept applies: Less is more!

I normally don't track more than 1-2 instruments during the day. Having a big watch list always causes me to become undisciplined and make random trades.
More...
 
i've traded 704 different stocks this year so far. watch about 1000. i just apply the same strategies across all of them

but i know guys who trade just a few stocks and they do quite well too. whatever fits your personality the best
 
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