Covered a lot of recent questions, related to entries and trade plans. As well recapped recent trade setups and discussed upcoming features in STT.
Sample trade plans (going long on a stock)
- Low priced stocks (OTC) – buy break of previous days high and risk on previous days close (so if the stock goes red on you, you get out!!!!!!!!!!!)
- Nasdaq stocks – whole dollar half dollar
- Pre market spiker – spikes at open – buy at break of pre market high or around whole dollar half dollar line
- Pre market spiker – dips at open – buy at pre market support as a dip buy or let it come back and go red to green; or you could let it come back and trade whole dollar half dollar – this will mean stock will prove itself
- Thanks a bunch, Tim!