Quick review of the 3 stocks I was monitoring this AM off the gap list. 1 trade not much else - monitoring swing setups in MGA - will update IRA tracking account this weekend and a more detailed swing trading only separate tracking account for short and long trades.
- TIF: took bar 4 short with close under 95 and vwap - took a small loss
- ADBE: nothing setup
- DXR: nothing
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.