How many stocks do you watch

Discussion in 'Trading' started by LelandC, Jun 17, 2002.

  1. LelandC


    I was curious how many stocks people are watching on any given day? I trade listed stocks and have come to the conclusion that I need to start watching less stocks per day. Trying to do too much is just too difficult. Do you watch the same stocks everyday or do they change??

    I am going to limit the number of stocks on my list to 6 per day.

  2. nitro


    I watch approximately 80 stocks. If TradeStation didn't crash, I would probably watch twice that.

  3. I watch 10-12 but trade no more than 5. Better to KNOW a few stocks than get blindsided in something new.
  4. LelandC



    You trade listed stocks correct? So you watch the same ones everyday or do they change? My stocks change each day...

    Nitro - how do you manage to watch 80 stocks? I have trouble watching 8 (LOL). Maybe my eyes are going bad:) or my mind (LOL)!!!!!!!!!!!!

  5. too many.
  6. tntneo

    tntneo Moderator

    chas, LOL.. too many, clever answer and I agree.

    30-40 for me and the index futures of course.
    A lot of software is helping though.

  7. I watch the SAME ones everyday. It's my job. My job to be there for the moves of more than .25 and to catch the bigger trend moves they may have. I know every tick on each of the stocks so that I know if there are sellers or buyers lurking in the wings to smack me upside my head. I have seen every game each specialist plays with his stocks and am on the lookout. I value consistency. I vary my technique and size by stock.
  8. Also, I fing that relying on software doesn't give me the sort of info of whether there are buyers or go along buyers or buyers at specific levels or VWAP buyers trying to time their buying etc. Software cannot do for the human mind what it can do for itself. Seeing every tick myself does wonders for my confidence on my directional call.
  9. Babak


    What moves. I watch for trends/patterns and try to trade them in many different instruments.
  10. rs7


    I think it is determined by how many sectors you want to trade in.
    In my case I will generally trade in

    Broken down into several categories such as semis, software, networking, internet, fibre optic, alternative energy, etc., etc.
    Then we have:
    Oil Services

    So right there you have 7 groups, and the techs need to be subdivided into at least another 5 or more subgroups.
    There are so many groups. There has to be a limit because of the size of the screen and the size of my brain. I could look at defense, consumer, transportation, metals, homebuilders, and on and on. But I leave that to others. There are just too many. I stick to where the volume is. When it changes, then I will too.

    So on my screen, I will have about the 10 or so thickest trading stocks in each group. (More semis than brokerages, and so on). So that becomes better than 120 stocks on my screen. I really have more...but you get the idea.

    Now of these, there are a significant number of stocks I have never traded, or that I trade very rarely. Then there are the usual suspects which amount to about 30-40 which I trade frequently. Of those, I do probably 90% of my trades in the same 15-20 stocks. (which change over time) But I like seeing all the stocks because even though I don't trade most of them, I find it helpful to see how the stocks I do trade are doing relative to their group, and how the group is relative to the market.

    No such thing as too much information. I have software that scans all the stocks I have ever traded searching out the parameters I put in. Occasionally this will point out some obscure (to me) stock because of exceptionally high volume, or movement, or whatever. This kind of software is commonplace.

    Seeing all those stocks at once also gives me a better "feel" for the market.

    Oh yeah, I keep some indexes, s&p futures, market and up down voume, tick, trin, and most important, the TIME. That way I have one sure thing .... I know it will go up from 9:30, and is a major short at 12:59 (but you gotta cover right away):)
    #10     Jun 17, 2002