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17 May

Watch List For Tuesday May 17, 2011

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Everything from Monday’s watch list still applies although slightly different price points.

With five open trades including the Sunday Swing, I’ll focus on those positions today. If you followed my instructions on the Sunday Swing and entered after $.55 broke the bid then you’ve got a better entry than me. I got in at $.62 later on because I was trying to find a good entry on SGYP which I’m also not happy about.

Just goes to show you how important entry is and how difficult trading can be even with a good game plan. Here are some thoughts on how you can improve if you’re eager to learn like I am.

Lastly, I’ve added class to the calendar for Thursday nights from 9pm EST to 10pm EST. This weeks topic will cover how to identify the intraday dip and play the bounce on stocks like JAMN and LEXG… i.e. momentum stocks.

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