Quick review of the 3 stocks I was monitoring this AM off the gap list. Solid morning, not much setting up - 2 partial winners - have an order to enter 13.51 if price exceeds this point in CECO for ira tracking account - now back to bed
- VCEL: 5 minute high with a .40 stop with the larger spreads - small winner
- CLSD: never set up
- AIMT: 5 minute high entered after candle 3 - .50 stop - sold half on first candle then stopped out on 2nd candle for small winner.
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.