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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: LakesideTrader who wrote (5528)	11/7/1998 3:42:00 PM
From: Tim Luke	Read Replies (2) \| Respond to of 7247

the key is to narrow the stocks on your watch list down to about 3 and go from there instead of confusing yourself with a dozen stocks to choose from.

To: LakesideTrader who wrote (5528)	11/7/1998 3:47:00 PM
From: Tim Luke	Respond to of 7247

" Everything should be made as simple as possible, but not simpler." Albert Einstien

To: LakesideTrader who wrote (5528)	11/7/1998 3:54:00 PM
From: Glenn	Read Replies (1) \| Respond to of 7247

What I'm doing is watching all stocks in the sectors I'm good at. This is to give me a feeling for the sector and how well my stocks are doing in comparison, from day to day. (This is very macro and takes seconds to see). It also gives me better insight on the current competitive pressures to my picks. Unusual movement is easy to spot if you have a variety of stocks in the same sector to compare it to. I then work hard on the weekends to choose several that I like for the next week. If you do a good job on the weekend, the picks will take you all week. One doesn't want to overreact on a given day with stocks. I like the idea of staying with the picks for 2-5 days. Sometimes your picks can take a couple of days to materialize. If you move too fast, you may bail out of a great pick you picked on the weekend before you had a chance to let it develop. My comments were actually directed at Tastes Like Chicken. His techniques are quite different than mine. Hes interesting. Thanks, Glenn