Quick review of the 4 stocks I was monitoring today. 2 gapers and 2 stocks I follow each day for quick scalps in Dis and Jpm.
- Alks - Pre market low short for a winner
- Dis - scalp took one minute low for a winner
- Jpm - 2 scalps - winner and loser - bounce off support and tried again and fizzled out.
- Lite - no setup
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.