When To Buy Stocks & How To Approach Position Sizing: Mike Webster | IBD Live | Alissa Coram 

I agree, great insights!

I like to own 10 stocks (10% positions in each) when I’m fully invested because it’s concentrated enough so that if you have a big winner (a ten bagger for example) it will still have a big impact on your overall portfolio but if you have a loser (a surprise 20% gap down for instance) it won’t kill you. Focus on the leading stocks in the leading groups if you want to concentrate (don’t chase after everything). And always remember patience and discipline is what makes money in the market.

ive had the same problem before as well, for me i looked for signs of heavier buying within the bases. u can even look at the hourly or 15 min charts to deep dive and look at volume closely. and definitely compare the price action to the market indexes it correlates to. for instance during a market pullback if the stock ur looking at holds its own and gives up no ground, thats a great sign that it will show more strenght than the market wen it moves to the upside

I got the same issue. I too end up buying many stocks, then it becomes difficult to analyze/manage the holding itself.

when ur pilot positions show follow-through (up 15-20% in a week frm your purchase) start taking bigger positions (12-15% of ur equity)

Buy ones that break out first No screener has the best criteria Past performances are not a guarantee of future performance Just buy what's breaking out in sequence, even Mark doesn't use a filter