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Re: Musky Guy post# 4227

Saturday, 10/06/2012 12:42:55 PM

Saturday, October 06, 2012 12:42:55 PM

Post# of 4476
I've been there buddy. I created so many "custom" scans over the years. I would then come up with the same thing you have discovered. I had hundreds of stocks in which I just "knew" were ready to pop.


Then the next day came and all my work was basically useless because I was rarely able to hook up with the best play. This didn't mean I didn't make money but it did mean I was usually late to the party on many of the best plays.

Try this:

Create several "sector" watchlist.

Then add your fav's to that list.


Then create a "master list" of stocks you watch.

This master list is the one you watch most often during the trading day. These stocks also will sta on your list for months if not years at a time.

You will become so familiar with these stocks that you will learn with one are really nice option plays and witch one are just not as volatile. This is when you can dump some and add others.

At least that's what I do....

And at the end of the day it's all about making cash. It's fun to hear about those 10 baggers out there but chasing them is usually not the best way for most of us mortals......


You're doing great my friend. Just stay the course.....

Boca_Bobby

Mom said there would be days like this!

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