So, in other words, if an analyst talks about the stock on CNBC and they bullshit on the stock, they're not going to tell you if the stock is going to go up by tomorrow, or the next day, or if it's going to take three years.
I mean, we have analysts, there's been bullish on Google stack for five years now saying it's going to hit $1,300, while Google's been trading between 970 and 1200 bucks forever now. So what good does that information give you?
But if you pay attention closely to the properly formed watch list, you're going to be able to identify some incredible things on there. So let me be a little bit more specific.
So if I'm basically scrolling from my watch list in the morning and I see all the Chinese stocks right now, I've got 20, 30 Chinese stocks unanimously moving high, what does that tell me?
Guys, what does that tell me?
Well, that tells me that probably some news already broke out about potential trade talk progress between United States and China.
And that's why, let's say, 90% of my stocks are actually going higher on my part of the watch list that just designated to the Chinese stocks.
So what does that tell me?
Probably not the day where I may want to be buying a bunch of bullets on Chinese stocks, right? Because the whole sector is moving higher.
So, and here's in point number two is it mentioned group it by sectors rather than alphabetical order. It actually gives you an idea of what the entire sector is doing.
And as a trader you want to take a high probability trade. You don't want to be traded. If you see all the Chinese stocks moving higher, you surely don't want to be buying books just because one or two Chinese stocks are going down on that day.