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Strategies & Market Trends : DAYTRADING/SWINGTRADING STOCKS with INTRADAY INVESTMENTS

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To: Ramsey Su who wrote (477)8/12/2001 3:54:53 PM
From: -   of 565
 
Ramsey... actually we're pretty concentrated... if you look at our sector model, on a typical day that will bring our focus (for new trades) onto a max of 3 or four sectors (often just one), meaning we're looking at fewer than 20 issues (typically fewer than 10) - just what's strong and what's weak. We also trades the Q's, and index options. Our latest (v1.45) sector model helps tremendously in focusing us - it limits our universe from 10,000+ stocks down to ~350 in 17 sectors containing 63 sub-sectors; and only ~60 of the 350 are 'hot' issues - those we trade the most frequently. So we're actually not focusing on that many stocks at any given time, and market action is dictating what we're looking at. We do like to monitor a lot of sectors because it allows us to catch moves in most any area of the stock market; but monitoring across sectors is much easier and more efficient than tracking individual issues.
-Steve
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