Thursday, November 14, 2013

ES Flat Open Long

 ES 5 Minute Chart
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E-Mini: ES
Long or Short: Long
Entry Point: 1779
Stop:1777
Exit Goal: 1783
Result: even
Notes: Sitting at overnight low support right above yesterdays close. Staying with trend. Ran out of gas and moved stop to even after 3 points. Taken out at even. Es would rebound and go on to hit the pivot. I liked the setup, 50/50 play with the trend...4 point gain or 2 point loss. 

* You don't have to trade everyday. If the conditions don't feel right or if you're unsure of the current days trading environment then PASS on the trade. Missed money is better than lost money.  Day trading and the stock market is not a "war" that you must win at all cost. Trading should be fun, wait for only the good setups. Follow your rules, stick to your stops, and know that everyday the market presents a new chess board.

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I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES - I JUST POST TRADES I MAKE OR FIT THE RULES OF MY TRADING PLAN ON A DAILY BASIS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS! ALL CHARTS COURTESY OF TRADESTATION, SCHWAb & TD AMERITRADE