Quick review of the 4 stocks I was monitoring this AM off the gap list. Not much this AM in choppy market.
- BUD: I took the pre-market high and took a loss - pre market did not have enough volume - when I trade well I get sloppy - this is a result of being on a winning streak and not sticking to the solid setups - not a solid play
- LB - nothing set up
- X - broke even - in pre-market high and wipped out at stop even.
- AFSI - nothing set up
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.