Less daily chart reading: criteria

I got too many daily charts to read everyday.

Though the watch list are good for tracking the overall trend in the market and practicing of TA, it takes some time to track them all on a daily basis. Therefore I decided to shrink the daily watch list according to the following criteria:

1. Follow the big trend: the US market is bearish and the medium trend is downward, so it makes much sense to following the big losers than looking for stocks with up trend which can easily be dragged down by the market.
2. Focus on profitable stocks: stocks with price less than 50 do not have much space to drop, so the profit is not big enough to worth the effort.
3. Keep an eye on the leaders: they can give early signals.

The original watch list will be checked every weekend.