Quick review of the 4 stocks I was monitoring Friday AM.
- mu - no setup
- PPC- Daily Bar Day Trade fade - - traded into resistance and should of tighten my stop at 50% to my target - it retraced to stop out small loss - later turned into a nice winner -
- incy - no setup
- FB - 5 minute high off support - nice 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.