Hi Mike,
1. Trade only the MOST in play stocks in the beginning as they have the best chance to move regardless of market action.
2. Wait for the market to break previous day's range or some similar range from previous couple days trading.
3. Establish the the market itself is in play. Is there significant economic news, political unrest, or earnings news from a major company?
I hate to bring too much of a bias about the market into my trading each day. I would rather wait and let it show me. Often by the time is has shown me it will do very little I have already been chopped in failed setups.
Of course the risk in waiting for some of these signals may Read more [...]
Hi Mike,
1. Trade only the MOST in play stocks in the beginning as they have the best chance to move regardless of market action.
2. Wait for the market to break previous day's range or some similar range from previous couple days trading.
3. Establish the the market itself is in play. Is there significant economic news, political unrest, or earnings news from a major company?
I hate to bring too much of a bias about the market into my trading each day. I would rather wait and let it show me. Often by the time is has shown me it will do very little I have already been chopped in failed setups.
Of course the risk in waiting for some of these signals may Read more [...]