Friday, March 9, 2018

Friday 1st Hour Trading Map

Pre- Market Gaping Stocks to Watch

Gap and Go: Trending Positive Pre-Market 
  • fnsr - short under 18
  • wynn
  • aapl over 178
Gap and Fade @ Support or Resistance



Other Gaping Stocks to Watch
  • big - fade long off 47
  • indexes - spxl and qld

 Indexes Gap Fill and pre-market Notes:

  1. SPY: l - will monitor for a gap and go after 5 min
  2. QQQ: l - will monitor for a gap and go after 5 min
 * I use the 3x leveraged SPXL (Long) SPXS (short) and 2x QLD(long) QID(short) - which mirror the SPY and QQQ - lower priced and don't take up as much of your trading capitol while in multiple positions.

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

Current Holds and Trades for Roth IRA Tracking Account:

  •   CECO stop 13.67

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.

2 comments:

Anonymous said...

I really LOVE your blog, AMAZING stuff. Good Job.

Unknown said...

Thank You

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