Tuesday, February 20, 2018

Tuesday 1st Hour Trading Map

Pre- Market Gaping Stocks to Watch

Gap and Go: Trending Positive Pre-Market 
  • wmt - short under 96.40
  • snap - short
  • shpg - short
Gap and Fade @ Support or Resistance
  • wmt - over 98


Other Gaping Stocks to Watch
  • roku
  • fbr
  • bbl - short

 Indexes Gap Fill and pre-market Notes:

  1. SPY: 2
  2. QQQ: 3
 * Price points using 3x leveraged EFT's for spy - SPXL (Long) 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:

  • IWM stop 151.99

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