My Stock Trading Plan for Friday November 11, 2016.
Welcome to the Friday trading session!
I am not going to repost our standard line-up of the US Dollar, Gold, Miners, Silver, Copper, Natural Gas, Oil, S & P 500 and Volatility because my position is the same as yesterday (refer to pre-market stock watchlist Thursday).
Momentum Stocks (Market open and Intra-Day)
I do trade morning momo stocks at times, but I do avoid risk. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time).
The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.
Stock Watch-Lists
Regular Watch-List: Gold $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI), Natural Gas ($UGAZ, $DGAZ), S & P 500 $SPY ($SPXL, $SPXS), US Dollar Index $DXY ($UUP, ), Volatility $VIX ($TVIX, $UVXY, $XIV)
Misc. Watch-list: $UGAZ (Chart), $C (Bank), $MNST (Bottom Play), $DRYS (Shipper), $THC (Bottom Play), $TPL (Trump Play), $JJC (Continued Copper Break-Out?), $AUMN (Favorite Penny play w / Gold and Silver break-out).
Pre-Market Gainers Watch-list: $PTCT $NVDA $MACK $JJC $RGSE $CWH $MACK $OMER $YANG $EDZ $BT $DGAZ $AMD $TVIX $DWTI $SRPT $UVXY $JNUG
Stay tuned in Chat Room for more pre-market stocks on watch.
Study
Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open super-nova type plays (you need a good momentum scanner for the first 30 mins of trade)… but are very useful for intra day scalping (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).
https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6
http://www.highshortinterest.com/
Algorithmic trading / traditional charting trading starts Monday!
GL!
Curtis
Topics: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist