Monday, May 1, 2017

Movie Clip Monday and Daily Chart Ideas: QCOM, ARCC and CHRW

Movie Clip Monday and Daily Chart Ideas

Every week will do a movie of the week with few movie clips through out the week from a fun movie or one that relates to business or trading.

Here is a clip from Lord of the rings, the 3rd in a series of 6, which won an Oscar for best movie. Can recall the theater going nuts over this scene. I don't watch much TV but when LOR is on Im hooked. Great for all ages.

Daily Chart Day Trade Ideas Monday- remember they are ideas, wait for your setup - if the market is tanking don't go long - if the market is having another Trump explosion up don't short. Good rule of thumb is put the SPY or QQQ on a 15 minute chart. If the 5, 10 and 20 sma are all trending long in order - dont short - inverse if they are all heading south. If mixed select accordingly. Looking at tomorrow if they gap down at the open will steer away from going Long until they rebound.

Long - qcom arcc
Shorts - chrw

others to look at HLS TRMB YPF MSCC for 30 minute chart trades

Next week movie Moneyball 
 
 



* 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