Quick review of this morning trades.
- sig- nice setup of pre-market high....took less shares and took a nice winner
- amd - pre-market high and out at even as ran out of gas.
- dvn - took the break of the VWAP which stays with the trend of the gap up, was hoping would trade through its highs but ran out of gas and took a loss on the trade.
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.