Wednesday, June 10, 2015
- DO NOT trade before the first 15 min
- Trade ONLY the BEST setup
- Max loss per day should be $100 before commission.
- After 3 losing trades back to back, stop trading
- If your first trade is a loss, DO NOT be AFRAID to take another trade.
- DEFINE your risk, ACCEPT IT and TAKE the trade without hesitation
- DO NOT take profits without a reason to. Min is $30cts
- Short on POPS and buy on DIPS
- Check Volume, Support and Resistance before entering a trade.
- NEVER follow another person’s trades. Trade your own ideas
Setups6:30am – 7:30am
- 15 min opening range breakout on pre-market gapper
- 15 min opening range breakdown on pre-market gappers
- Bottom Reversals
- ABCD/Bull flags