What is the difference between the official ideas and the watch list ideas?
The official ideas are generally setups which show lower volatility and have more developed patterns which make finding actionable levels easier to identify than the watch list ideas. Official ideas are tracked (with fairly tight stop levels) for swing trades, while the watch list ideas are typically more volatile stocks or ones where the setup has not yet developed fully. We will often “stalk” watch list stocks for a few days and then they will become “official” ideas as the setups become clearer. There are often some very good trades which develop from the watch list ideas but they are best suited to day traders who can watch the action closely throughout the day. Both the official and the watch list ideas are monitored in the chat room throughout the day.
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