Quick review of the 4 stocks I was monitoring this AM off the gap list. Solid Day - back to bed.
- MNK - Entered pre-market high and got an explosion at the open - hit a homerun on this trade. - At 7:10 took a Bull Flag off the 9ema for a nice winner
- AKRX - no trade
- M - 5 minute high entry - got in early at the pre-market pivot I marked - stalled at 31 but a small winner
- NTRI - no 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.