Wednesday, January 15, 2014

ES Gap Fill Short


ES 5 Minute Chart
.
E-Mini: ES
Long or Short: Short
Entry Point: 1838
Stop: 1840
Exit Goal:1836
Exit Goal 2 (optional): 1834
Result: L
Notes: Took a half hour (and in turn setup a nice breakout trade) but the multiple resistant levels did not hold. Take your stop and move on.
 

* 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