At the moment, my only position is in $PCYC. I have about 30% of my account long this stock with a hard stop a few cents beneath the 10 day SMA. I am anticipating a thrust into new high territory some time this week. We'll see what happens.
I am very bullish on the markets at this point and therefore looking to add more long exposure. Had a few good ideas on watch today that triggered right off the open and never gave me a chance to get in at the prices I wanted namely $AAPL and $MERU. Also I had a bid in @ $8.26 in $GY earlier today to get long for a swing then pulled it cause I wasn't "feeling" it. Big miss...lol
On another note, I sense a break out brewing in the metals $GLD and $SLV in the near future despite the red day today. I like $AUMN as a play on this possible move should it break $4.50 this week. So keep an eye on that one.
Will post my watches for tomorrow on twitter later tonight.
Good luck and good trading!
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 sold my two overnight positions early in the session and went to 100% cash. $VSAT I took a flat on after being up nicely at Tuesday's ...
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Although in some ways the PDT rule can be a curse in that it limits you from making more than 3 day trades in a rolling 5 day period. The li...
awesome calls..Keep it up
ReplyDeleteThanks