Friday saw a nice push higher in stock indexes, giving us a great opportunity to take profits in several of the positions we’ve been holding. I’m still in the market, and working to hold some of these best names that still have bullish potential.
In this two-part series, I walk you through how to set up stops for daytrading the opening range and the Exits 1st Mentality that drives any trade.
There’s an edge in knowing your exit (stops and targets) before you have pin-pointed your entry. In fact, I think EXITS are more important than entries and that traders should adopt an Exits and Entries mentality rather than the other way around.
As the markets change, it doesn’t mean you throw out your setups. But it absolutely does mean you have to restructure your trades.
There are only 3 reasons bonds are moving higher right now. Are you ready for how it will impact your portfolio?
Each time of day presents a historical-based price range. In this example I talk about the S&P and projected a range for a stop as well as a target. (Big thanks to SF member Cyndi for the question.)
What’s on my radar as far as events moving the market and how I am calculating the movement ranges? Watch this video to see how!
During this video, Danielle discusses the consolidation setting up across multiple indexes, as well as the close distance to new all-time highs. She also discusses her and Henry’s core list of trades, in tickers such as ETSY, AMZN, CRM, IDXX, IWM and ISRG.