MRK - traded into a sell zone, popped out, and moved back into the sell zone for the remaining of the day. Looking at a higher level above for better luck. I keep strict trade management of 1R and move stop to entry price - sometimes I miss out on a retrace, stop out and then takes off - and sometimes I save a little like today. Important to pick one rule and stick to it.
HOW I DAY TRADE - MARKET NEWSLETTER
The Newsletter is a service for active traders with a focus on short term Buy and Sell Zones and is provided for educational purposes. The purpose is to educate traders on short term trading setups through a two-step process of selecting Daily Charts and applying intraday trading setups. Always use a Stock trading simulator to test, master strategies and become more educated in the markets before risking real money. Become successful on a simulator for a minimum 6 months before risking your money and always use a stop. If the markets conditions don't feel right or if you're unsure of the current days trading environment then PASS on the trade. A missed trade is better than a losing trade.