Daily Chart
15 Minute Chart
5 Minute Chart
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Stock: RMD
Entry Bar: 2
Time Frame: 15 Minute
Entry Point: 30
Stop: 29.77
Exit Goal: 30.45
Result:.45
All or Nothing Result: .45
Notes: Nice setup and only take this when supported by the 5 minute chart
* All or Nothing means to place a trade, set a exit goal and a stop, and not to manage the trade unless it’s the end of the day. Feel free to post any trades you made today that you would like commented on.
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2 comments:
Nice trade !! I think your experience shows greatly in the kind of setups you play. I try and follow your business plan (very well written and helpful even for the novices like me...) but I think my biggest problem is I try and trade everything without looking at the quality of the setup for that stock. Once you have your watchlist of stocks in the morning do u use trade ideas to alert when a setup triggers or do u just periodically scan the watchlist every few minutes ? Thanks
I was the same way.....patience is the greatest tool to learn. Eventually I got so tired of trading everything and losing that it just sunk in.
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