Thursday, December 5, 2013

ES gap fill long.



ES 5 Minute Chart
.
E-Mini:ES
Long or Short: Long
Entry Point: 1787.25
Stop:1785.25
Exit Goal: 1791
Result:even
Notes: Missed exit by .75, rolled over and stopped at entry. Waited for trade to pullback to support (blue circle) and wanted stop under the overnight low (yellow dotted line). Stayed with money management rules, once up 3 points stop to even. Not much else setup all day.

* 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