How to begin eating the Elephant
Trading can begin to feel like information overload. Trying to simplify some things initially to produce some knowledge and clear learning objectives.
It’s daunting to screen and scan stocks…then try to browse charts with 40 different chart setups, indicators, etc. floating through your mind.
Is it better to:
A) Limit yourself to 3-5 stocks (essentially stop scanning). Review the charts in more detail. Looking for whatever trade setup/strategy the chart is telling the story of.
Or
B) Scan for stocks generically with key points of volume, relative volume, market cap, price, beta, etc. Than chose a technical strategy. And further filter with scanner to look for this setup in particular. Such as scanning for gap ups or gap downs, or MA crossovers.
I think I am trying to process too much information at once. Trying to figure out how to take a step back in the most effective way possible.
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