Stock watch list

A stock watch list is just what it says, it is a list of stocks that you watch. It is a list of stocks that you think you can make money off of, either on the upside or the down side. These are stocks you put on the side and check regularly for a buy signal. I’ll give you an example. Suppose you find a great stock that is in an uptrend. This stock just hit resistance. You really like this stock, but chances are it will come down from resistance to support. You don’t exactly want to buy right now. So you put it on your watch list and check it regularly. You wait for it to be on support or break resistance and then you buy it.

How do you create a stock watch list? Well that’s simple. Every time you hear about a stock write it down and pull up a chart on it later. If it looks like something you can make money off of go ahead put it on your watch list. I have occasionally just typed in random symbols to see what pops up. Sometimes I like the stock that pops up so I write it down. Keep a list of stocks you like some were and keep adding to it. In no time you’ll have a good sized list.

Which bring us to our next question. How big should our watch list be? The answer is, it depends. Each trader has a different rule for this. One trader might want a watch list of 10-20 stocks another trader might have a watch list of 100 stocks. The answer to this just depends on you and how many stocks you can keep track of.

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