Wednesday, February 21, 2018

Wednesday 1st Hour Trading Map

Pre- Market Gaping Stocks to Watch

Gap and Go: Trending Positive Pre-Market 
  • scla -short below 27.75
  • nflx
  • aap close over 116
Gap and Fade @ Support or Resistance
  • aap - short below VWAP & 116


Other Gaping Stocks to Watch



 Indexes Gap Fill and pre-market Notes:

  1. SPY: 3- short spy Gap fill - can use SPXS - entry 27.34 with stop 27.13 and exit 27.76 - if open over 27.14
  2. QQQ:3
 * Price points using 3x leveraged EFT's for spy - SPXL (Long) SPXS (short) and 2x qqq QLD(long) QID(short)

Gap Fill Index:
  • 4 - Highly Probable
  • 3 - Probable
  • 2 - Neutral
  • 1 - Highly Doubtful

Current Holds and Trades for Roth IRA Tracking Account:

  •   sold remaining IWM at 152.49

IRA Tracking Account vs SPY Update
  (Current Trades and results- click below - vs S&P 500 Index)



TRADING PLANS 



* 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