Thursday, January 25, 2018

Process, Daily Watchlist, And Playing Pullbacks

On a daily basis, I go through 500-1000 charts, I run 4 different scans and then look at the top 200-500 stocks with the highest momentum. All this takes me about 30 minutes, I know exactly what I'm looking for.

I narrow down the universe of stocks to a handful of names sometimes a little more, then the market will narrow down the list further by getting me in or keeping me out of the names that make my list. If the stock does not go through the previous day's high, then I don't get involved (99% of the time). This is what works for me, I look at charts a little different, and I believe certain things that you may not believe or agree with.

"How you trade is shaped by your beliefs. You do not trade the markets. Instead, you trade your beliefs about the market." Van K. Tharp.

STEPS ALL BEFORE THE MARKET OPENS.

  • SCAN.
  • PUT NAMES ON A WATCHLIST.
  • SET ALERTS ON YOUR SOFTWARE.
  • FIGURE OUT WHERE YOUR STOP LOSS WILL BE FOR EVERY NAME.
  • FIGURE OUT HOW MANY SHARES YOU ARE GOING TO BUY, RISK, ETC.
  • YOU CAN ENTER THE ORDERS MANUALLY AS THEY TRIGGER OR YOU CAN PLACE YOUR BUY STOP ORDERS PRE-MARKET MAYBE WITH A STARTING TIME LIKE 9:45.
  • THE ABOVE ARE THE ONLY THINGS YOU CAN CONTROL FOR THE MOST PART.
  • ONCE YOUR BUY STOP IS HIT, THE MARKET IS GOING TO DO WHAT It's GOING TO DO REGARDLESS OF HOW MUCH YOU WATCH OR CHEER.
  • RINSE AND REPEAT.

Here's my watchlist; I only have an interest in getting involved IF AND ONLY IF they can get through yesterday's high plus .10cents. Today, however, some of the names are not as clear-cut as they usually are, take $MARK for example; a stock with good momentum experiencing a natural pullback. The stock is down 4-days in a row, in a situation like this I would typically nibble on a few shares before the stock goes through the previous day high. Once it goes through the previous day high, then I would add. $TWTR is a similar situation to $MARK.



Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at fzorrilla@zorcapital.com or 646-480-7463. 

14 comments:

  1. Thank you Frank for sharing your approach in a clear and concise way. It is much appreciated.

    ReplyDelete
  2. A commodity is a basic good used in commerce that is interchangeable with other commodities of the same type; commodities are most often used as inputs in the production of other goods or services. We Capitalstars provide Free Commodity Tips.Free Commodity Tips

    ReplyDelete
  3. Nice post. To converting the uncertain risks of the Market into the wider possibilities get One Tip One Day

    ReplyDelete
  4. Rich is not a goal five million in three years is a goal.

    financial advisory company

    ReplyDelete
  5. This technical analysis is very necessary to understand the market condition. Thanks for sharing the useful and important information for any trader. Epic Research

    ReplyDelete

  6. اذا كنت تبحث عن افضل شركات نقل العفش فاننا نقدم :

    شركة نقل عفش بالدمام شركة نقل عفش بالدمام
    شركة نقل عفش بالاحساء شركة نقل عفش بالاحساء
    نقل عفش داخل مكة نقل عفش داخل مكة
    شركة نقل عفش بمكة

    نقل عفش داخل جدة نقل عفش داخل جدة
    دينا نقل عفش جدة دينا نقل عفش جدة

    ReplyDelete
  7. Useful Information, your blog is sharing unique information....
    Thanks for sharing!!!stock tips

    ReplyDelete
  8. Really impressive post. I read it whole and going to share it with my social circules. I enjoyed your article and planning to rewrite it on my own blog. @ Packers And Movers Mumbai

    ReplyDelete
  9. Get Shifting/Relocation Quotation from ###Packers and Movers Delhi. Packers and Movers Delhi 100% Affordable and Reliable ***Household Shifting Services. Compare Transportation Charges and Save Time, Verified and Trusted Packers and Movers in Delhi, Cheap and Safe Local, Domestic House Shifting @
    Packers And Movers Delhi

    ReplyDelete
  10. Packers and Movers Gurgaon Provide Reliable, Safe and Certified Service Provider list, Get Free ***Best Price Quotaition and Compare Charges. ???Hassle free Household Shifting Services, High Quality packing Material, Office Relocation, Car Transportaion, ###Local and Domestic Shifting Service @
    Packers And Movers Gurgaon

    ReplyDelete
  11. Superb post, we enjoyed each and everything as per written in your post. Thank you for this informative article because it’s really helpful, I really like site. @Packers And Movers Delhi
    Packers And Movers Greater Noida
    Packers And Movers Noida
    Packers And Movers Ghaziabad

    ReplyDelete
  12. Local Packers and Movers Bangalore List, Get Best Price Quotes, Compare Movers and packers Charges, Top, Local Household Shifting Services. Packers And Movers Bangalore

    ReplyDelete
  13. Get Packers and Movers Jaipur List of Top Reliable, 100% Affordable, Verified and Secured Service Provider. Get Free ###Packers and Movers Jaipur Price Quotation instantly and Save Cost and Time. Packers and Movers Jaipur ✔ ✔ ✔ Reviews and Compare Charges for household Shifting, Home/Office Relocation, ***Car Transportation, Pet Relocation, Bike SHifting @ Packers And Movers Jaipur

    ReplyDelete