I have a few different screens that I use, and I use a few different sites to screen for stocks. I am also tweaking the screens as the market changes, trying to find good charts. The one thing they all have in common is they trade an average of 400K shares per day. Most of them are CANSLIM type stocks. I look at about 300 charts a night. The best charts jump out right away, then I start looking at technical indicators and try find a handful that I like best. In markets like this one, I usually pass over some good ones.

Chris: I normally use a fixed dollar amount for each trade, and usually use half that for stocks that are under $5 per share. I have recently realized that position sizing is an area I need to study more. I have put little thought into this, but now think this is one of the most important parts of trading.

i always enjoy the charts you share, thank you very much!

my question regards position size. do you trade a certain % of your portfolio or a fixed amount for each trade?

have a good one, chris

I had a question though about how you filter the stocks - can you tell us how you go about deciding what stocks to look at to find those patterns. There are thousands of stocks - I assume you look for stocks that trade high volume but can you be specific on the criteria on how you scan for stocks? - Thanks - Tom.