Pre- Market Gaping Stocks to Watch
- Current holds and watching:
Indexes Morning Gap Fill Probability and Trade idea: Can trade the 3x leveraged SPXL ( Long the SPY) SPXS (shorting the SPY) and 2x leveraged QLD (long QQQ) QID(short QQQ) - which mirror the SPY and QQQ - They are lower priced and don't take up as much of your trading capitol while in multiple positions. Will post if I like a day trade Gap Fill or Gap and Go play along with overall gap fill probability number based on index below.
- SPY: 2
- QQQ: 2
- 4 - Highly Probable
- 3 - Probable
- 2 - Neutral
- 1 - Highly Doubtful
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.