Monday, March 12, 2018

Monday 1st Hour Trading Map

Pre- Market Gaping Stocks to Watch

Gap and Go: Trending Positive Pre-Market 
  • mu
  • qd
  • oclr

Gap and Fade @ Support or Resistance
  • oclr under 9.5 short


Other Gaping Stocks to Watch



Swing Trade Ideas / Daily Bar Day Trade Idea's: With these ideas I wait 15 minutes - will look to enter the high of the previous day - or the 15 minute high if previous day high is already breached - stop can be Current Days Low, Previous Day Low, or Pivot point on 5 minute chart that is under the VWAP. Opposite for shorting. Can be traded as a day trade or used as a multi day swing trade with reduced risk. Will sell 1/2 at 1R with stop moved to even. Big Gap up will pass unless pull back near previous high and a 15 minute candle close over the same high.
  1. GLT
  2. VNET
Indexes Morning Gap Fill Probability &Trade idea: Can trade the 3x leveraged SPXL ( Long the SPY) SPXS (shorting the SPY) and 2x leveraged QLD (long QQQ) QID(short QQQ) - which mirror the SPY and QQQ - They are lower priced and don't take up as much of your trading capitol while in multiple positions. Will post if I like a day trade Gap Fill or Gap and Go play along with overall gap fill probability number based on index below. 
  1. SPY:3
  2. QQQ: 3
Gap Fill Probability Index:
  • 4 - Highly Probable
  • 3 - Probable
  • 2 - Neutral
  • 1 - Highly Doubtful
Roth IRA Tracking Account Current Holds and Trades: Tracking account was set up to track vs SPY - current trades and past results click below
  • see glt and vnet above as possible plays today to enter



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