Today I made one trade and it was a loser. I took $HIMX long right on the open for a gap and go play but I got in a bit too early. I got in before there was a confirmed break of the pre-market high and the mini-dip that came in the first 2 minutes after the open was just enough to scare me out before rocketing higher and doing exactly what I was anticipated.
I was so upset at my self for messing up a set-up that was almost identical to the same set up I nailed in $MTBC yesterday. None the less, the loser took me to within $10 of my max daily loss and as per my trading plan rules I quit trading for the rest of day. So that tomorrow I start with a clean slate knowing that I only had small losing day today.
So without further ado; my best ideas for tomorrow:
Will be watching for red-to-green set up or OPR breakout on:
$AUPH
$IMMU
$PIRS
Will be watching for the break out of $14.50 on:
$VIPS
Good luck out there...lets get it!!!
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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