Friday, May 4, 2018

Friday 1st Hour Trading Map

Pre- Market Gaping Stocks to Watch

Gaping Stocks to Watch - Mid to larger Floats
  •  flr - short
  •  ptla
  •  shak
    Gaping Stocks Under 10 to Watch - Lower Floats
    •  creg
    • riot

    * Float: is the number of shares available to trade for the stock - Lower float are smaller cap company's with lesser shares and move much quicker with increased slippage - Larger float stocks are the large cap company's (aapl, dis, ibm, ect) with large amounts of shares to trade - easier to get in an out of with less slippage but will move a little slower.

    Stocks I watch everyday: Aapl, Msft, Mu

    Type of Trades I look for in the 1st 30 minutes of trading: Pre Market High/Low, 1 Minute H/L, Open price reversal, Whole Number or .50 number break trough's or Reversal's and 1 Minute Gap Fades - - - All with the trend of of the stock (gap/go or gap/fade)
    Roth IRA Tracking Account Current Holds and Trades:  Click here for more details on how I trade and track this account.
    • Current holds and watching:
    Indexes Morning Gap Fill Probability, Trend and Trade idea: Can trade the 3x leveraged SPXL ( Long the SPY) SPXS (shorting the SPY) and 2x leveraged QLD (long QQQ) QID(short QQQ) - which mirror the SPY and QQQ - They are lower priced and don't take up as much of your trading capitol while in multiple positions.
    1. SPY: 3
    2. QQQ: 3
    Gap Fill Probability Index:
    • 4 - Highly Probable
    • 3 - Probable
    • 2 - Neutral
    • 1 - Highly Doubtful

    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.

    4 comments:

    Z. Knowle said...

    Hi, May I ask, how could you tell SHAK on 5/4 was a "gap & go" instead of a "fade"? What can I look for in the gap to tell the difference if the stock is gapping into "void" like TWTR on 2/8. Both stocks were gapping into "void" but one was a "gap & go" while the other was a "fade". Thanks

    Unknown said...

    Gap and go must have open space on the daily - which both did - and trending up in the pre-market - which SHAK was doing and TWTR was not (was selling off) - from there you look for a setup once the market opens.

    Basically for a solid gap and go to setup you need 3 parts (daily chart, pre-market and the open)

    Unknown said...

    and SHAK had a nice pre-market High breakout which I wish I would have taken -

    Z. Knowle said...

    Thanks so much, I greatly appreciate it.

    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