After reviewing my watchlist, adding new stocks that I found over the weekend and deleting ones that appear to be running out of steam or just plainly broke down, my long watchlist is now down to 6 stocks! Meanwhile my short watch list now has more stocks than the long watch list with a 8 and this could be even more but I just hand picked the really great looking ones.
My watchlist can be found to the left of screen. I deleted CPE which I highlighted in my last post as I decided I really was not confident enough in its set ups to trade it.
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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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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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 ...
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Generally speaking I like to trade pull backs in momentum stocks. Even when I am looking for position trades; I prefer to enter off a pull b...
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