Friday, February 23, 2018

Friday 1st Hour Trading Map

Pre- Market Gaping Stocks to Watch

Gap and Go: Trending Positive Pre-Market 
  • immr
  • ttd
  • oled - short
Gap and Fade @ Support or Resistance
  • momo - short under 33
  • hpq - short under 22.50

Other Gaping Stocks to Watch
  • hpe


 Indexes Gap Fill and pre-market Notes:

  1. SPY: 3 - Up gap under 272.37 will take gap fade short- entry 272.20 - stop high of day - will take the trade on SPXS is setups up.
  2. QQQ:3
 * 3x leveraged EFT's for spy - SPXL (Long)  and SPXS (short) and 2x qqq QLD(long) QID(short) 

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

Current Holds and Trades for Roth IRA Tracking Account:

  •   250 shares of SPXS - (short the SPY) - stop low of day 27.30 - will add 250 more at 28.30

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