Quick review of the 4 stocks I was monitoring. Choppy morning, good start to the week.
- mrk - 1 minute high, entered before the pre-market high (blue line) - hoping for bigger push but overall market at the time not strong - nice winner
- vvc - no setup
- msft - no trade - was going to take pre-market high marked in blue, then jumped up right before the market opened and sold off.
- mu - didn't take the 1 minute low at the prior day lows
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.