Closed out APKT position @ $27.553 for a loss of about $111.00 including commissions. So now I am back to 100% cash and waiting on stocks in my watchlist to set up in proper bases. Today was for the most part another very weak day and further evidence that the markets are still more likely to move lower short term than to move higher. So I will be standing aside in the near term.
Good luck and good trading!
Journal of my thoughts and trades on the path towards achieving a consistent monthly income from day trading!
Tuesday, June 1, 2010
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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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Although we are at a very tough juncture in the stock markets all evidence points to continued downside! Look at the daily chart of the SPY...
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I stumbled up on the chart of DLLR while surfing the net tonight and decided to add it to my focus list for tommorrow. DLLR did pass through...
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With the markets selling off for what will be three days in a row if we get a negative close today, the odds of a 2 - 3 day bounce from tomo...
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