Buzzy...don...some things are better left alone...lol....
Sectors - I will as many as I would be interested in trading. I don't trade utilities, restraunts, retails or mining companies so I don't track them, but you want to have enough that you can see where money is headed (for long prospects) and leaving (for short prospects). # of companies depends on the sector. Figure the top two to lead the way and then the next three or four to follow after some lead time (just enough for you to get your buy buttons ready or to get orders to your trader).
Idea...
What about starting a Thread called #1 Day Traders Site - The Final Frontier Correlations
We could discuss the correlation between certain stocks, sectors, sectors and the markets etc., in the goal of developing an understood correlation (whether it be -1 or 1) between certain variables.
Posts might be something like:
" I feel that XYZand ABD are positively correlated because ......" We could then all put these stocks on our screens, track them for a few days and see if the theory holds water, along the way refining the correlation, bringing in other stocks etc.
Who knows? maybe we can develop a great correlation between just a few which leads to a number of great trades. Between all the depth and variety of experiences on these threads, I would assume we should be able to come up with something.
Personally, I don't really want to start another thread myself as I take my "responsibility" of hosting the Trading Desk Thread Subject 15612 and kind of run out of time most of the days anyway,
so I would ask if some like Alex R. is interested, to please startup a new thread on the Short Term Trading section. ....I am sure you would get a lot of interest. I, for one, would definately contribute.
Regards,
Steve@yamner.com
Regards,
Steve@yamner.com |
