Quick review of the 2 stocks I was monitoring today.
- AAPL - Pre market high long for a winner
- Riot - took pre-market high - small scale out on the pop over previous day high
- mfgp - no setup
- LB - daily bar day trade short pullback fade - entered on 15 minute wider range candle - still n the trade
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.