How I Find Possible Trades

Hello everyone and thanks for stopping by. I hope you are all having a good weekend and enjoying some rest away from work. Today I want to start going over in detail the key points of my trading plan. Hopefully by doing this we can all gain a little more insight in how to better pick stocks.

First up is how do I find prospective stocks that I would like to put into my watch list. You may recall from my last post on "My New Trading Plan" that I like to pick possible trades out of the top daily percentage gainers or losers for the day. The reason I do this is only the strongest stocks or weakest stocks are going to make the biggest moves. Now we could just follow any group of stocks and find some trades but most likely the breakouts would not be very strong and without any conviction. Now by reviewing the top gainers and top losers we find stocks that are most likely ...