Monday, November 25, 2013

NQ 30 minute Fade Long


ES and NQ 30 Minute Chart's
.
E-Mini: NQ
Long or Short: Long
Entry Point:3423
Stop: 3418...moved to 34.20
Exit Goal: 3433
Result:W
Notes: Had an entry with the ES at 1801.75, above gap fill (stop below 1800) and didnt get filled..and not complaining as would have been a scratch trade. With the NQ placed an entry at Fridays High. Moved stop 2 ticks below the low once the NQ trade in my direction. Thought long and hard about a short at the open but passed for varying reasons.

* 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