DOW and NASDAQ down 3%. Market went in correction mode with big drops 3 days in a row this week. However, for day trading the bigger the move, the more trading opportunities it present. This has been a good day trading week. We had 12 stock pick alerts:
- 7 Wins: POT, WLL, SE, HAL, WETF, SM, XPO
- 3 Break Evens: KKR, AAL, DEPO
- 2 Loss: TERP, CLR
We had Short alerts only today. Below are some charts with stock pick signal highlighted:
Stock Pick: POT Type: Short Price: $25.35
Stock Pick: WLL Type: Short Price: $16.66
Stock Pick: HAL Type: Short Price: $37.01
Reversed right after the stock pick:
Stock Pick: CLR Type: Short Price: $29.75
What a day we had today! How come there are 2 losses when everything was down… down … down. Why not all wins?
Thank you for the note. While we would like to see 100% wins, it’s about probabilities. The algorithm generates stock picks with high probability of winning but sometimes the stock does not move in the intended direction. Taking loss is part of trading. Goal is to have more winners to compensate for the few losing trades.
First 3 charts are impressive, but the last one rocks! :)
These charts help me learn better. Thx for posting. I don’t short yet but am looking at getting into it soon.
It’s very important to keep a daily trading journal. Review charts with entries and exits at end of day to expedite the learning process. It will help you recognize chart patterns and soon you’ll be able to picks stock on your own. Trade Well!