Monday, March 19, 2018

Monday 1st Hour Trading Map

Pre- Market Gaping Stocks to Watch

Gap and Go: Trending Positive Pre-Market 
  •  FB  - short - support 173
  •  OLED - short - support 106
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Gap and Fade @ Support or Resistance
  •  HRTX - short under 30 close below vwap
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Other Gaping Stocks to Watch
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Swing Trade Tracking Account Ideas: Click here for more details on how I trade this swing trading tracking account.
  1. Long watch list: JBL, MGA, SHEN
  2. Short watch List: TCP
  3. Current Open Swing Trades:
Daily Bar Break Out Idea's: Click here for more details on this setup.
  1. JBL
  2. SHEN
  3. KDMN
Roth IRA Tracking Account Current Holds and Trades:  Click here for more details on how I trade and track this account.
  • Current holds and watching:COLL and DSW - watching swing trade watch list

Indexes Morning Gap Fill Probability and 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: 2
  2. QQQ: 2
Gap Fill Probability Index:
  • 4 - Highly Probable
  • 3 - Probable
  • 2 - Neutral
  • 1 - Highly Doubtful

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