Thursday, November 9, 2023

1 Minute Pullback Trades: DIS, COIN, NVDA

Below are 3 one minute day trades - an option is to take the 1st Pullback and Go Setup on a one-minute chart after the open when passing on the pre-market gap and go trade.

First 2 day trades are prime setups and the 3rd day trade is not the greatest setup as sold off at the open. This trade is result of 2 quick winners and me pushing my luck going for a triple winner. Dumb - best to pass and day trade only the best setups. While its still my biggest trading weakness, not passing on average setups, this weakness has come a long way.

Each stock is in play with a strong up gap. Entry high of the candle (yellow line) and stop (red dotted line) low of the candle. Each trade completed within a minute. Do not trade this time frame until you have 2 plus years experience. One-Minute candles moves extremely quick and if you cant control yourself you will get destroyed day trading one minute candles. I will only trade this time frame within the first 5 minutes and then pass and call it a day or focus on 5 or 15 minute candles if the market conditions are ideal. 

As always learn on a trading simulator and risk management number one priority.

For more on time frames see my post here: Trading Time Frames

DIS

COIN

NVDA






No comments:

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