Strategy Session 12-1-2016 How to focus and avoid "shiny object syndrome", discussion of PDT friendly trade setups.

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Started out with recapping my foolish messup tracking DRYS when I had a solid weekly and daily plan on oil/gas trades. Saw these coming for weeks/days then got distracted by the crowd on DRYS and missed SGY and exited BTE early. If you have a good plan stick with it and ignore all others. Also went over PDT friendly trade setups.

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Focus on pre watch lists and plans

Avoid Shiny Object Syndrome

FNMA/SDRL/BTE/SGY vs DRYS

Good due diligence process to learn from: http://www.twitlonger.com/show/n_1spao89 $APPY

Have a process and stick to it. Days like this morning today cost profits and create frustration.

-Chasing the apparent “hot stock” when you have other plans is not sustainable or consistent.

On days when there is not that much in play, THEN focus on the hot stock of the day.

11/30/2016 3:38 PM DNR SGY BTE main oil and gas for me. LEI is weak into the close but will be watching.

11/30/2016 3:41 PM Oil and Gas junk and FNMA and FMCC my focus

PDT friendly trades – Part time trades – POST 2PM

Gappers/overnight holds – interesting/sectors

HOD reject, big ripper

52 Week Breakouts

-multi time frame breakouts

-tedious – need to repeat basic technical analysis over and over again.

APPY would like a perk to $5.25 to start short with add at $5.50 stop at $5.75 goal would be mid to low $4’s

2:PM into close webinar

12/1/2016 12:30 PM RCON wish it was later in the day.

12/1/2016 12:41 PM TLYS dip to $13 with risk on $12.75

One Platform. One System. Every Tool

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