Making Watchlists

This is a quick post on making watchlists. This is one of the most important parts of trading. Each day, before you get ready to trade, you need to have 10-15 setups that are�ready to roll. �If you wake up and think you're just going to hop in the chat room and make thousands of dollars,�you will never succeed. Just like any sport or profession, you have to put in hours and hours of practice and preparation before the big game! �So, I make two�watchlists on Sunday. �One list comprises potential plays for the week, and then a second watchlist of stocks that will be ready the next day. �Each day, I prune through the weekly watchlist and take out the stocks that broke out or have moved in such a way that the setup is no longer valid. I transfer the ones that look ready to my daily watchlist, along with the stocks I found that night on my scans, and then I set my�alerts. Bam! Now you have a game plan. To-Do List:1. Go through the list of GOTO STOCKS�. This is the list of stocks we trade every day - you should scan it nightly2. Run your nightly scans for new stocks3. Prune your weekly list4. Fill out your TRADING CHECKLIST5. Set alerts on your trading platform6. Trade![screencast url="http://screencast.com/t/vsOIFpCjt" width="" height=""][screencast url="http://screencast.com/t/JVzQuUeA4vz" width="" height=""]