Thursday, March 8, 2018

Thursday 1st Hour Trading Map

Pre- Market Gaping Stocks to Watch

Gap and Go: Trending Positive Pre-Market 
  • nete - will look to trade in tracking account as well - if sets up
  • Burl - over 129

Gap and Fade @ Support or Resistance



Other Gaping Stocks to Watch
  • esrx - short fade
  • burl - fade short under 126
  • KR - short under 25 - wait 5 minutes

 Indexes Gap Fill and pre-market Notes:

  1. SPY:4
  2. QQQ:4
 * I use the 3x leveraged SPXL (Long) SPXS (short) and 2x QLD(long) QID(short) - which mirror the SPY and QQQ - lower priced and don't take up as much of your trading capitol while in multiple positions.

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

Current Holds and Trades for Roth IRA Tracking Account:

  •   CECO - stop 13.43   and watching to enter REPH with close over high after 15 minutes

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