Here is one stock chosen with an open position based on GGB or Gerdau Steel. This is a sample of a leading stock in a challenged stock market. I go over the outlook for this microcap based out of Brazil. Analysts are saying investors should get exposed to emerging markets. This is one way to do it.
Here are the hottest market sectors for the USA since the start of Jan 2023. Some sectors were double returns just a few days ago. When the market turns, your peak opportunity returns can fall much harder. I like to focus on low volatile stocks but these still are affected.
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I was working on it yesterday, experimenting with the percentage of top stocks I should scan on with double digit returning stock this month alone. This is based on market sectors. Some are returning close 30% return alone for this month already. It helps to see which stocks are best for performance. There is a higher concentration on higher-performing stocks in top sectors versus a wider breadth of sectors. This is where I need to experiment.
Also, I can filter out low volatile stocks under a specific stock price. Since I have a small trading account, I am looking at setting my price at $30. The performance of these stocks is even more impressive, so I also stick with this set of different patterns.
I have also fixed this problem which will greatly improve my automated trading with IBKR and MotiveWave.