Quick review of the 3 stocks I was monitoring.
- lite - nice pre-market high winner - in looking at the one minute charts take your quick profit and out
- jnpr - no setup
- yumc - popped up on the scanner after gapping down - took the 3rd bar with a tight stop and a loss - re-entered on 4th bar for a winner down to the whole number 36
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.