Quick review of the 3 stocks I was monitoring.
- msft - pre-market high and previous day high breakout quick winner
- cat - no setup
- aapl- not a great setup - took one minute high with trend, but I usually void this type of trade once the low of the one minute candle has been taken out. small loss on 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.