Hi Don. I trade primarily on the TSX in Toronto.
I have scanned the TSX for stocks that fall between $1 and $10. That's my favorite range to trade in.
From that scan, I culled 140 stocks that seemed worth watching. That's one Favorite List.
From that list, I culled again, for stocks that trade an average daily volume of 100,000 shares. That produced a group of 50 stocks. Another Favorite List for those.
From the list of 140, I also culled another group of stocks that trade an average volume of between 50,000 and 100,000 shares. That produced another Favorites List of 20 stocks.
In the process of scanning to create these lists, I threw out stocks that I knew I wouldn't want to trade (usually from past experience).
I have traded most of the stocks in both the volume lists, so about 70 stocks.
Actively, I trade about half a dozen, depending on the sector.
I watch the sectors and the indexes.
If I feel the gold sector (weekly) is looking bullish, I focus on half a dozen within that sector.
Ditto, if I feel that Technology (weekly) is looking bullish, then half a dozen tech stocks.
Usually, I'm holding about half a dozen, sometimes up to about ten stocks, sometimes down to just a couple.
I don't day trade (not often anyway).
Most of my trades are for a few weeks, or even a few months.
Cush |
