There are so many stocks out there? How many stocks should i track daily and on what criteria?

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Please refer section 19.4 - http://zerodha.com/varsity/chapter/finale-helping-get-started/

Liquidity is number one criteria, best to have maybe just 10-15 scrips, sounds like a paradox, but lesser the better.

If you are talking about intraday trading, then not more than 5 liquid stocks. Im a discretionary price action trader and i usually track only 2 stocks for setups in a day.

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What do you mean by “discretionary price action trader”? Do you mean more like a Volume Spread analysis?

No. I trade using the candlestick charts with no other indicators on it. You can visit www.discretionary-trading.com to know more about how I trade the markets.