Friday, April 27, 2018

Morning Gap Trade Reviews

Quick review of the 4 stocks I was monitoring.

  1. mu -nice quick break of the pre-market high - rolled over as the market rolled over for quick gain.
  2. intc - no setup - rolled over into the open and kept going with the rest of the market
  3. msft - same as intc
  4. GNPX - small cap mover - big explosion after breaking pre-market highs, would have had to take less shares to reduce risk. 

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.

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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