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Hi Mike,<\/span><\/p>\n My name is Jonathan. I am a relatively new trader and I began reading your first book One Good Trade. I love the idea of your if\/then statements and I would love to work on my own statements. I have a list of plays I believe I have the most edge in, one being red to green or green to red i guess you can also call them day 2 plays, although you don’t necessarily have to have a strong bull or bear day for them to work. \u00a0My question to you is about the number of stocks on a beginners watch list.<\/strong> Usually I will have no more than 6, however that causes some paralysis by analysis in me and i end up making mistakes. I am not sure if this is due to having too many stocks on my screens or maybe it’s simply that i don’t have a solid plan for each one. In the book you mention that you guys and SMB narrow your list down to 2 main watches. Is this what you think is best, and once you have these 2 do you ONLY look at those or do you keep scans up for other potential plays? <\/span><\/p>\n Thank you very much! <\/span><\/p>\n I’m going to read The PlayBook<\/em> next\u00a0 ( only on page 80 as of now of One Good Trade<\/em>) <\/span><\/p>\n Jonathan<\/span><\/p>\n @MikeBellafiore<\/strong><\/p>\n The answer depends on your experience, skill level, and ability to process information.<\/p>\n At the start of your trading career, I really like your idea of honing in on 2 stocks to trade in a session.\u00a0 After and only after you show success watching 2 stocks, then increase the number of stocks you watch during a session.\u00a0 Perhaps then jump to 4 stocks and measure your results.\u00a0 If you have success with 4 stocks, then consider increasing how many you watch.<\/p>\n
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