Pickings were extremely slim in my scans tonight. I only managed to find one long set up I like and a couple shorts I like. At this point I honestly do not have conviction on neither the short side nor the long side. Although I do have a couple long positions open, at the slightest signs of weakness coupled with continued ugly selling in the over all markets...I will exit! But on the other hand we are a bit stretched to the downside and might put in some sort of bounce even if only a mediocre one later this week. So caught between a rock and a hard place. Never the less, here are my watches for tomorrow:
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 I made a decent gain on this trade; I missed out on a lot of upside!
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