Journal of my thoughts and trades on the path towards achieving a consistent monthly income from day trading!
Wednesday, June 16, 2010
Not a bad day...
Today the markets basically went sideways. Not bad after the huge move the indexes have made over the past few days. Seems we might be in for a pullback but with the way the markets have been acting in the recent past, I would not be surprised if we get another strong buying day. Either way I am prepared as I will continue to hold onto my DECK options through a pullback unless it violates my sell stop ( a close below $155.00 on heavy volume selling). We will see what happens when tommorrow comes. I am taking things one day at a time.
Subscribe to:
Post Comments (Atom)
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...
-
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...
-
Although the markets and ROVI are currently pulling back, my years of trading experience tell me that this is a natural normal process. The ...
-
For some reason the early weakness in the markets caused me to panic somewhat and so I tightened up my stops but I just realized that I was ...
Very Good.
ReplyDelete