This week I’d like to coddiwomple through making mistakes and staying data-dependent to gain a...
How Many Setups Is Too Many?
10/04/2013 7:00 am EST
Momentum trader, Frank Zorilla of ZorTrades.com, keeps a fairly extensive watch list to help him act quickly when a set-up triggers, but sometimes he wonders whether he should trim his list.
I have a ton of set ups, way too many, I thought about narrowing down the list based on different criteria (float, beta, etc..), but at the end of the day, these names only matter if they trigger, and more importantly, you never know which stock is going to be the big winner. But if you do want to narrow it down then consider this; prioritize the list by float (the smaller the better) and by which sector is hot, in this case it’s the Chinese stocks.
We have quite of a few Chinese names on the list today. Other times, I might just take an oversize position in the TNA to make my life easier.
Here is the entire list:
The Chinese stocks continue to be the hottest stocks in the planet so you have to pay extra attention to those. SFUN, KNDI, NQ, KONG, JST, JRJC, GURE, XUE, AMAP, MCOX, HOLI, QUAD, ILMN, JCP, VHC are four heavily shorted names to watch.
By Frank Zorilla of ZorTrades.com
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