Friday, December 6, 2013

ES Gap and Go


Daily and 5 Minute Chart
.
E-Mini:ES
Long or Short: Long
Entry Point: 1800.50
Stop: 1798.50
Exit Goal: 1806
Result: L
Notes: Liked the support and gap scaring the shorts. ES daily chart (left chart) broke out of the short term down trend.  Stopped out and then looked for other opportunities to enter long. 1806 was eventually hit, cant win them all. 

* 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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Disclaimer

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