Now that I have my Home Work done (you know, I work for my home, mowing the yard for it, trimming its bushes, watering its flowers, etc. LOL) I can do some beginning prep work for my stock trading efforts next week.
But it is the same question every week, where do I begin? Well hopefully you keep a Trading Journal like I do, as that is the place to start. I have reviewed my daytrades for the week, and I am currently in the process of assessing where I am with my Swing & LT account positions. I will get to my Option trades later on in the weekend.
As I have posted before, I use several spreadsheets to assimilate all the various data for stocks that I am interested in watching. Below is a screenshot of my starting list noting various data on the stock that I use:
Based on my review of stocks that triggered & those that did not, I begin to populate the watchlist with those that continue to look promising. I expect to have 50-60 stocks in this initial spreadsheet by the time I am done with this process, then the trimming begins.
Hopefully you are doing your HomeWork too. 🙂