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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I was stopped out of CNAM this morning for a profit of roughly $480.00 after commissions. My stop was a little tight but I do not mind being...
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BIG PICTURE: Still in an up trend. Still long biased! MY BEST IDEAS: $RKT: Recent IPO. After an initial 2 day pop, it pulled back for four...
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