Too much emotion. Rush hour gap to large and candle spike to high. THE DAY WAS ALL EMOTION.
Wrong choice for follow thru day trade. I look for large candle with small or no AM gap and days finish at high end of the candle for follow thru. A double in volume from the day before is great.
Think about what forms the candle. Emotion is in both, but one starts with some from of logic and ends with continued support high. Don't like the gappers with low candle finishes.
Actually don't like day trading. But it seems to be the only way I can make money, since April, when I went to the sidelines. Because of my down market call. Made Another $4k today, day trading 2 stocks in the AM and 2 in the PM, using 1/2 my portfolio cash. Presently totals are up 20% for the month and over 15% is from day trading, the rush hour run/retrace pattern timing and after lunch second pop expectation. I posted about in this post. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64401164
Looking for a follow thru day trade. Go to FINVIZ.com, mouse over the days top gainers & new highs. Pick large candle with little or no gap, which finish at the candle top.
If they don't dive by 10 am the next day, they should be good for a before lunch trade. After lunch scan FINVIZ again and check the daily for a runner which paused at lunch. If it moves higher beteew 1pm and 2pm, you have your afternoon trade.
I like at least 2, so a good decision can counter a bad one. Sell the bad one quick, hold the good. Just knowing what to look for, and having multipule trades help your odds, along with timing.
I wouldn't try this without practice. And most important, SELL with a plan. Wanting more bites.
Low when you get time check GGII for a pond fishing play. I through in a line and caught a carp so far..LOL...Chart shows the 3 volume spikes.. not checked the news yet on each spike.. Your the pro at these.
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