Yes. By basket, I mean the focus is on the entire group w.r.t. the returns, allocation, even monitoring. Diversification is what I meant. Yes, a stock can exist for months in the group, until it loses its momentum and is replaced by another stock.
I was trying to convey that, you are mixing two styles, one which I thought was used for long term trades, and the second, which are momentum strategies, which will have churn, additions and exclusions, and no particular analysis on one stock. Perhaps, stage analysis can be used with technofunda approach, wherein businesses with tailwinds, and price breakouts are selected.
Also, I am of the view that one create any model based on any kind of criteria, even if something that is chosen was intended for a different purpose, if it is working consistently. Retail who are participating in options are doing just this, except that majority of them are losing, as it is hard.
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