The Great Adapterlive briefing news, and another just for e-mailing. I trade using two
or three.
Q: So how many stocks do you watch on a day-to-day basis? Are
you back to four or five core stocks, or are you watching more?
A: No. Over the years, since the market changed, I find I rely
mostly on filtering. So now I have about eight filters running. I’ll
try anywhere from 20 to 40 stocks in a day.
Q: And these are filters where you are looking at volatility,
volume, things that could give you a clue that there’s momentum
in the stock?
A: Exactly. I am looking at volume, specific chart patterns, and
momentum plays.
Q: At the core of it, you’re still ultimately a momentum trader.
That is still what you like to do best, which is follow the flow, right?
A: Right, I never really tried to predict. I just tried to react to
what was going on.
Q: Now you said you have a news screen. Before, in 2002 to
2005, did you know the fundamental story behind the stocks you
were trading or were you really not interested?
A: No, I didn’t care.
Q: You just watched price action, right?
A: Right. That and the overall market, which way it was going.