I got impatient and went long 500 shares of SVN @ $11.20 and 59 shares of HTHT @ 16.20 ( a sister company).
I am not really following my usual entry rule but the strength in the markets and the beauty of the set ups compelled me to go long late today instead of tomorrow. Besides taking positions today means that my overall heat is very low due to tight stops.
Journal of my thoughts and trades on the path towards achieving a consistent monthly income from day trading!
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MY DAY TRADING RULES
I will ONLY put stocks BREAKING OUT OF DAILY CONSOLIDATIONS TO NEW HIGHS OR NEW LOWS ON HIGH RELATIVE VOLUME from my DAY TRADING SCAN into m...
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My experimental short position in GT has been closed out by my stop loss order for a loss of about $115.00 including commissions. However, I...
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I am of the belief that the markets will move higher over the course of the next 4-6 weeks. However, beyond that I am not very confident in ...
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I have narrowed down the stocks I want to own to two stocks: DECK and CMG. Need less to say, they both meet all the CANSLIM requirements. In...
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