Discussion in 'Professional Trading' started by pavlov0032, Dec 23, 2009.
How many of you do a "homework" every single day to pick stocks to trade?
I do, but it's not as time consuming as you would expect. I have about 50-100 stocks that I trade well and exhibit what I look for, and I just go over them after the close. Usually at least half of them aren't even in play. Journaling is a different story though. I write down something every day but its nowhere near the level of detail I wish it was.
I spend an hour and a half every day updating a spread sheet with 160 stocks and while doing that watch videos from bloomberg and other providers. Yes, I could automate the spread sheet but doing it manually allows me to ponder and watch the videos/podcasts i.e. gives me a feel for the stocks, I otherwise won't have.
Like clock work â I too have a list, review EOD and basically cull out the undesirables for the coming dayâ¦
Takes ~30 min and allows me to detox and get my feel back
another kind of homework: debrief + completing the journal + checking with back office that everything's ok.
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