A stock watch list is something you will need. It is a list of stocks that you think you can make money off of, either on the upside or the down side. These are stocks you put on the side and check regularly for a buy signal. Let me give you an example. Suppose you find a great stock that is in an uptrend. This stock just hit resistance. You really like this stock, but chances are it will come down from resistance to support. You don’t want to buy right now. So, you wait. You put it on your watch list and check it every now and then to see if it will look better later. You wait for it to be on support, or maybe even a break in resistance and then you buy it. How do you create a stock watch list? Every time you hear about a stock write it down and pull up a chart on it later. If it looks like something you can make money off of go ahead put it on your watch list. I have occasionally just typed in random symbols to see what pops up. Sometimes I like the stock that pops up so I put it on my list. Keep a list of stocks you like some were and keep adding to it. In no time you’ll have a plenty of stocks you’re watching.
Which bring us to our next question. How big should our watch list be? The answer is, it depends. Each trader has a different rule for this. One trader might want a watch list of 10-20 stocks another trader might have a watch list of 100 stocks. The answer to this just depends on you and how many stocks you can handle. If watching too many stocks will interfere with your trading don’t watch too many stocks. To read another topic on different site categories, please visit recursion, strojmat, maesc, cubaaction, dengarblog, soahubs, doktermuda, ririn’s, bazzanella, playyourpart, sielmob, spazphotos, and groesbecktennis.
Popularity: 11% [?]