TRADER: What People Think I Do / What I Really Do

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Trading rule #9

Trading rule #9

Only focus on 2 best play for the market open
(Reason being if we focus too many stocks at the opening, we will end up trading nothing)

How to find the best 2 stocks to trade:
– pre market mover ( big percentage )
– volume
– news

Scenario:
•Big Percentage premarket and hold to more than 30% before select open :
– wait for big opening dip around 9.45 then buy on U
– Hold for around 10-15 minutes as long as the trend didn’t break.
– lock in profit when it reach your target (eg. 20% profit)
– then watch for short after 10am (unless it is going higher)

•Big percentage premarket but dip to less than 30% before open:
– wait for small opening dip around 9.45 then buy on U
– Hold for around 10-15 minutes as long as the trend didn’t break.
– lock in profit when it reach your target (eg. 20% profit)
– then watch for short after 10am (unless it is going higher)

•The higher the percentage, the longer the U
•The smaller the percentage, the smaller the U before it takes off.

•Massive percentage premarket (more than 70%)
Aim for short after 10am ( be careful that it might squeeze if it is an all day MOMO)

Timothy Sykes profit.ly profits

Lesson learned – How to find the best play

Lesson learned: How to find the best play:
– pre market mover ( big percentage )
– volume
– news

Scenario:
•Big Percentage premarket and hold >30% before select open :
– wait for big opening dip around 9.45 then buy on U
– then watch for short after 10am (unless it is going higher)

•Big percentage premarket but dip <30% before open:
– wait for small opening dip around 9.45 then buy on U
– then watch for short after 10am (unless it is going higher)

•The higher the percentage, the longer the U
•The smaller the percentage, the smaller the U before it takes off.

Timothy Sykes profit.ly profits