Monday, February 27, 2017

Daily Chart to Day Trade: DDD, TSLA, EMR, LYB, TEL

Here are few Daily Charts I may consider taking a day trade off tomorrow. Similar to the Engulfing Bar Daily Charts. These are strong stocks pulling back to support, looking to catch a bounce.  Stop can be placed a variety of places - low of the bar for least risk. White line is the support I am using. Blue is the 50day sma.

In near future looking to get into a routine of posting these daily on Stock Twits and will only post a few charts here and there on the Facebook site. Week or two is my guess for the stock twits. 
 
This blog will still have the trade examples achrived but I am dedicating the rest to posting going forward to developing a fun memoir's for my son with fun periodic postings that he can refer back to later on in life. My Grandmother and Great grand Father left autobiographies that more or less read like this.... I did this, I went here..zzzzzz (sorry gram don't haunt me!).. and written 60 to 70 years after the fact. This will be different, fun, explain the trials and tribulations in an honest fun manner that he will enjoy, want to re-visit and show his kids and there kids. In turn help plant a few seeds, shorten their life learning curve and give them a better understanding of how they got there. Goal is a post a month to start and then tapper off to once every 3 months.
 
The Blog was originally set up for him, to show trade examples and eventually life examples. Never got to the 2nd part but feel now is the time as he is getting older. He has no clue about this blog and wont until much older or the time is right. 
 








* 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