Quick review of the 3 stocks I was monitoring this AM off the gap list. 1 trade and now back to bed.
- BABA - never closed over 200 - no trade
- ALXN - nothing
- DG - took 5 minute low short on DG - sold half for winner - sitting in 2nd half has target of 91.20 or stop at 93.85
Stock Trading Plan: http://www.howidaytrade.com/stock-day-trading-plan.html
E-Mini Trading Plan: http://www.howidaytrade.com/e-mini-trading-plan.html
* 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.