New Members: Be sure to confirm your email address by clicking on the link that was sent to your email inbox. You will not be able to post messages until you click that link.
Which stock should I choose to trade?
Recently, I have built a few stock watch lists. After I deeply analyzed these stocks. I kept about 5 or 6 stocks in that list. But when I begin to trade, I found a little problem. These stocks all seems to suit my trading strategies. But my position management strategies only allow me to hold 2 or 3 stocks. So I tried two methods to deal with this. First, watch them during trading, until I found the strongest one in that list, I will buy it. The second way is to choose the stocks that I will trade and abandon the others in that list.
So, for the first method, the problem is if the stock gaps up or the price rising up too fast. Maybe I can not buy it at the best price. And also, even the stock seems to be the strongest at the beginning, but maybe the price has been pulled down later soon. The second method can help me buy the stock at a expected price level. But sometimes, the stock I bought seems the weakest one in that group.
So, you guys ever have that kind of problems?