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August 14, 2020 –  It’s time to put the pieces together to build the Trading Plan.  Now that you’ve learned how to find the Expansion of Range and Volume pattern setup, learned how to find the Target and Stop price, understand the Trading Plan Rules, understand Bid/Ask Spreads, and know what the Volume Weighted Average
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August 10, 2020 –  The following trades were on my daily Trading Plan today: Trade Date 20-Aug-20 Monday Symbol Entry Direction Stop 50% Target ICE  $      101.21 Long  $  100.48  $  101.84  $  102.47 WSM  $        93.44 Long  $    92.58  $    96.97  $    94.49 TAL  $        75.85 Short  $    76.57  $    75.22  $    74.59 Today’s
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I will periodically post my actual daily Trading Plan so, avid readers of my blog will be able to take advantage of the Trading Plan.  Those who are only checking the website occasionally will likely miss many great opportunities.  The other reason I have decided to post my actual daily Trading Plan is to provide
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August 8, 2020 –  Now it’s time to start learning how to find the targets for your Trading Plan after you’ve found your Expansion of Range and Volume patterns.  For this lesson, we’ll use the Expansion of Range and Volume pattern that I had on my Trading Plan for Friday, August 7, 2020. As a
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July 24, 2020 –  On Thursday July 23, 2020, GILD presented two perfect Trap Door pattern setups to trade.  The first one occurred at about 9:55AM EST.  On the chart, it is 6th bar. Save Up to 63% Off Laptops/NoteBooks at TigerDirect! Free Shipping Notice that there was resistance at about $76.60 where 3 5-minute
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July 11, 2020 –  The following trade was on my daily Trading Plan for Friday, July 10, 2020 Symbol  Entry Direction  Stop 50%  Target IPHI  $ 130.02 Short  $ 130.72  $ 125.89  $ 126.52 The above daily Trading Plan setup was a little different than most other pattern setups.  I won’t go into the detail
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July 6, 2020 –  The following trades were on my daily Trading Plan today: Trade Date 6-Jul-20 Monday Symbol Entry Direction Stop 50% Target CDAY  $      84.44  Short   $      84.80  $      84.19  $      83.93 SQ  $    113.13  Short   $    113.97  $    112.67  $    112.20 Today, none of the trades on the daily Trading Plan triggered.
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I will periodically post my actual daily Trading Plan so, avid readers of my blog will be able to take advantage of the Trading Plan.  Those who are only checking the website occasionally will likely miss many great opportunities.  The other reason I have decided to post my actual daily Trading Plan is to provide
0 Comments
July 4, 2020 –  VWAP – What is it and why is it important? Read the previous blog post. VWAP – Volume Weighted Average Price which is simply a mathematical calculation of the average price of a stock based on the number of shares traded at that price. Why is VWAP important?  Traders, especially institutional
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June 29, 2020 –  The following trade took place on July 23, 2018. Having the right tools and know how to use them correctly will be hugely beneficial when Day Trading.  Here is a tool that is simple to use and to understand but, using it correctly will take practice. I haven’t talked much about
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June 22, 2020 –  The following trades were on my daily Trading Plan today: Trade Date 22-Jun-20 Monday Symbol Entry Direction Stop 50% Target OMC  $      53.23  Short   $      53.79  $      52.94  $      52.64 WM  $    101.63  Short   $    102.20  $    101.32  $    101.01 Both of the stocks on today’s daily Trading Plan resulted in
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Below are the details for my actual daily Trading Plan  In order to maximize profits while minimizing losses, the previously posted blogs regarding the rules should be reviewed: Follow the Rules Trading Rules Help Eliminate Bad Habits Emphasis on following the Rules I highly suggest that you use a trading simulator with the Trading Plan
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June 19, 2020 –  The following trades were on my daily Trading Plan today: Trade Date 19-Jun-20 Friday Symbol Entry Direction Stop 50% Target PGR  $      81.75  Long   $      81.04  $      82.21  $      82.66 CONE  $      74.81  Short   $      75.20  $      74.58  $      74.35 Today, both trades reached the stop loss.  PGR resulted in a
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Below are the details for my actual daily Trading Plan  In order to maximize profits while minimizing losses, the previously posted blogs regarding the rules should be reviewed: Follow the Rules Trading Rules Help Eliminate Bad Habits Emphasis on following the Rules I highly suggest that you use a trading simulator with the Trading Plan
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There were no good pattern setups for the June 18, 2020 Trading Plan.  Please check the blog again tomorrow for the June 19,2020 daily Trading Plan. While some of you may be thinking that you will have nothing to trade, that is completely false.  As a professional Day Trader, there are numerous tools to draw
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June 17, 2020 –  The following trade was on my daily Trading Plan today: Trade Date 17-Jun-20 Wednesday Symbol Entry Direction Stop 50% Target OMC  $      55.77 Short  $      56.30  $      55.42  $      55.06 OTIS  $      57.28 Short  $      57.77  $      56.98  $      56.68 TAL  $      61.84 Short  $      62.53  $      61.15  $      60.46 Oakley
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Below are the details for my actual daily Trading Plan  In order to maximize profits while minimizing losses, the previously posted blogs regarding the rules should be reviewed: Follow the Rules Trading Rules Help Eliminate Bad Habits Emphasis on following the Rules I highly suggest that you use a trading simulator with the Trading Plan
0 Comments