Richard,
For all your dozen set-up's, who many candidates do you generate from the day before?
Normally very few.
How many do you subsequently track in real time during that day (ie what % are discounted by news or opening price action).
Even fewer
How do you susequently track these during the day - do you follow each candidate visually or have you further screens programmed into your software?
I have a list of stocks which is added to from scans and often stocks are removed if they don't move much, if volume is too low, etc.
In other words the list is fluid. I monitor them in two ways.
Firstly, they are in a quote box which I can quickly scroll down at a glance.
Secondly, I have six charts up on another monitor of those stocks which need closer attention because they look likely to set up one of those dozen situations.
This might sound complicated, but it's less complicated than driving. Once you get used to dealing with a fluid scenario, and gain experience, it's as easy as driving.
How many hours of each trading day do you follow the market - do you follow the mid day lull?
I sometimes trade premarket. I often finish about 5.30 to 6 UK time and then sometimes trade the evening session as well.
One of the many reasons I think US stocks are good to trade is that people with a day job can come home in the evening and trade till market close at 9
Hope that answers your questions,
RichardThanks in advance,
UTB
