Journal of my thoughts and trades on the path towards achieving a consistent monthly income from day trading!
Wednesday, February 2, 2011
Potential news based break out...
Saw this stock on the NASDAQ after hours top ten gainers list. Check the charts and saw that it was consolidating nicely after a hugh price volume spike in early December and is now trading right at the break out level ($13.80 pre-market) after spiking on good news after hours.
If this stock cracks $13.80 which is a multi-year high then this could run up for the next day or two.
So keep and eye on this for a swing trade.
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 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...
-
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...

No comments:
Post a Comment