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Creating a watch list is the first thing that you should do once you open a brokerage account. The watch list tells you at any point in time during a trading session where your stock is.

It's important that you organize your watch list by category or industry. For Example, in my watch list, have a category for 'Machinery' and have the following stocks listed under there: cat, agco, cmi, de, joyg, nav & tsco.

You can setup a category for gold, silver, auto, tech, retail, etc...Do not lump all into one category and if you do that, it will be hard for you at any given time to know which stocks that have the momentum from your watch list. Also, make sure that your watch list is set to 'real time' quote and not 'delayed'quote.

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