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

By December 1, 2016Pro Webinars

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.

Focus on pre watch lists and plans
Avoid Shiny Object Syndrome
Good due diligence process to learn from: $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
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