For swing traders, on a normal day, how many stocks do you generally look at -- and how many stocks do you generally trade per day. RIght now I am looking at about 25 or so -- but feel that is not enough --as I don't seem to be finding good swing trade stocks. comments appreciated.
IMHO swing trading is for bull markets. I once made 29 consecutive swing trades and then my system went to hell.
I have trouble keeping track of more than 10. Seems whatever one I'm watching does very little and the ones I don't watch take off. How do you look after that many? Are you placing buy/sell stops to get into the market?
I only look at ones i plan to enter. Use a scanner - either automated or by hand, set alerts for when the stocks hit your criteria, then execute not always that simple, but that's it in a nutshell. I have 5 Level II screens, no watchlists
I started with a general scan that started with aboyt 150 stocks (at thier 52 week high or low on increasing volume and eps moving in the correct direction for the trade, i also look at money flows in and out...everything must move in teh correct direction). I then look at tecnicals to calculate a good en try or exit. the universe has been narrowed to about 25 or so that is edited each week. some come in, some come out. it hink that is a good number...hard to look at too many. I am market neural...or close do it depending on the day. right now slightly more long than short.....