ININ, An Anatomy of a Friday Morning Daytrade
Michelle B submits: I remember reading about a French housewife who when asked by her husband every morning what they would be having for dinner would always give the same tireless reply: “It depends on what jumps into my market basket.” Some traders prefer to trade from a prepared watchlist. For me, trading is interesting because I do not know what will jump into my market basket. My preparation is my confidence in my ability to execute perceived opportunities according to my risk parameters.
Using the premarket top gainers/losers scan, I search the NASDAQ, NYSE, and AMEX market stalls for any tasty morsels and look for any stocks moving on the highs/lows scan. I …
tagged: Chart-Patterns, lullipop, Measured-Moves, pennants, Risk-to-Reward_Ratio and stop-losses
