Wednesday, July 17, 2019
ROKU Day Trade Buy Zone
$ROKU slammed into the prior day Buy zone on the 5 minute chart - survived by .10 the stop being taking out, took off heading to my exit goal near previous day high - ran out of steam and stopped at entry. Had a 2-1 Risk/reward and missed by .20!
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.
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