Journal of my thoughts and trades on the path towards achieving a consistent monthly income from day trading!
Tuesday, July 13, 2010
Powerful markets...
The markets gapped up this morning and are looking more powerful than ever. Although I still believe that this is merely a bear market rally I know that the markets can rally for longer and further than I can ever anticipate. Therefore, if by day's end I do not see a reversal and sharp sell off in the markets and individual stocks including the ones I am holding then I will exit all my positions for small manageable losses!
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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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