Quick review of the 3 stocks I was monitoring this AM off gap list
- SLCA - Never filled on a 5 minute short - frustrating - and then set up on candle 7 for a bear flag short and missed it as its still tanking as I type and I'm pissed
- NFLX - no trade setup
- AAP - took the 2nd candle close over the 116 yellow resistance line - larger stop of 1.5 scaled out into a solid winner
(Current Trades and results- click below - vs S&P 500 Index)
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.