trade one stock only?

Discussion in 'Trading' started by weld1, Jul 19, 2003.

  1. weld1


    what do u guys think of trading 1 stock, maybe 3 max ONLY!!!!:)
  2. i'mlong


    Works for some people. Some can only get a handle with one and get flustered with more than that. But more experienced traders can usually capitalize on moves for a bigger basket of stocks especially for daytraders. Some daytraders can capture nice moves in whatever is active that day due to news.
  3. nkhoi


    shark hang around most popular stock, they will eat you up.
  4. Depends on your style, and also your choice of stock. Personally, I think it is a good way to trade. All this intraday scanning is distracting and generally produces lengthy lists of stocks that you know little or nothing about. Often there is a news release on them that day, and you are also faced with interpreting the market's reaction to the news. Some stocks do seem to have their own trading rhythm, and I like to get a feel for that before trading them.

  5. it is a good idea. i traded MSFT exclusively for several years and it was a great experience.

    sur fer :)
  6. ttrader


    If youre able to think about it, then you should do it this way ...

  7. Ninja


    When I stopped chasing all these 'opportunities' which I saw every day and instead concentrated on just one single stock, from that moment on daytrading became profitable for me.
  8. i think specialization is a good concept. it's working for me.
  9. It worked for me for awhile, but the problem is that many people get married to a stock even when it's stopped having meaningful moves. They end up churning themselves in commissions because of a stubborn belief that they can continue to milk the same stock for profits. You can't keep taking the horse to the same well every day. Pretty soon, stocks dry up or the moves become too erratic and you have to move on.
  10. I guess a good compromise between being married to 2-3 stocks and milking it too much past churning vs. scannig 100 and being distracted is to keep 2-3 but be good enough to realize that it is time to change the 2-3 set.
    #10     Jul 19, 2003