I have decided that I need to make an adjustment to my trading in this regard. What I will do is to make sure that I maintain the same intensity with my "homework". Then instead of ignoring new setups, I will evaluate the quality of the potential trades against the ones I am currently in. This information I will then use to decided whether or not to swap some of the under performing trades for set ups that may out perform. Instead of blinding ignoring new trades because I am fully invested.
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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