Stocks

Wednesday, March 20, 2013

Around the Horn Trades:

Advanced Trading Plan, with rules:
CLNY 0.04/share price was triggered today and ended today

Automated Trading:
No trades posted today

Nasdaq Scalp Opportunities: Note: While there are many more opportunities offered daily by the Around the Horn NASDAQ Scalper Trading Service, the trades noted here are the most reliable setups of the day. Setting stops on the scalps is necessarily a case-by-case analysis that includes tape reading, overall market sentiment, the spread of the ask/bid, recent support/resistance, profit potential, size of the trade, liquidity of the equity, etc. A general guideline is in the 10 cent range, though it is sometimes tighter or looser depending on these factors. Scalper Members are now able to join us on select days for the first couple hours of trading. If you are interested, email me at Julie@TraderInsight.com

There were a couple of opportunities the members in the War Room traded today from the scalp plan today.

Swing Trades:
The trades holding steady, with an entry and move to 50% to target in ADBE.

Monday, March 18, 2013

Nasdaq Scalp Opportunities:
Note: While there are many more opportunities offered daily by the Around the Horn NASDAQ Scalper Trading Service, the trades noted here are the most reliable setups of the day. Setting stops on the scalps is necessarily a case-by-case analysis that includes tape reading, overall market sentiment, the spread of the ask/bid, recent support/resistance, profit potential, size of the trade, liquidity of the equity, etc. A general guideline is in the 10 cent range, though it is sometimes tighter or looser depending on these factors. Scalper Members are now able to join us on select days for the first couple hours of trading. If you are interested, email me at Julie@TraderInsight.com

There were several opportunities for trades in the scalp plan today, including moves to the short side in NTES from the third level, TSLA from the first level, with a scratch in a trade at the second level, and ULTA in the second levels.

We also had a nice trade in the Stocks to Watch long CLD from the entry at 19.01, with a stop set intra day prior to entry at 18.77, trading tot he target at 19.31.

Swing Trades:
We had an entry today as well as Friday and are holding steady in the trades we are in.

Thursday, March 14, 2013

Around the Horn Trades:

Advanced Trading Plan, with rules:
KSS 0.0/share: KSS triggered the entry but ended the day where it began, at breakeven
POT -0.06/share 40.81 to 40.87

Automated Trading:
AMX: technically, this did not trigger today as the specialist opened the stock at 9:31 with over 200,000 shares and our planned trades are not valid unless the specialist/NYSE has opened the stock. I make mention of it here as those who are bracket trading may have been triggered in, as were we.
KSS 0.0/share: KSS triggered the entry but ended the day where it began, at breakeven

Nasdaq Scalp Opportunities: Note: While there are many more opportunities offered daily by the Around the Horn NASDAQ Scalper Trading Service, the trades noted here are the most reliable setups of the day. Setting stops on the scalps is necessarily a case-by-case analysis that includes tape reading, overall market sentiment, the spread of the ask/bid, recent support/resistance, profit potential, size of the trade, liquidity of the equity, etc. A general guideline is in the 10 cent range, though it is sometimes tighter or looser depending on these factors. Scalper Members are now able to join us on select days for the first couple hours of trading. If you are interested, email me at Julie@TraderInsight.com

There were a couple of opportunities offered by the scalp plan today.
CAR had an early aggressive move from the third level that went right through the second and first levels, from 27.42 to 28.28. MLNX had a wide spread but moved nicely from the third level at 60.40 down through the second level to 59.54. An aggressive move after a pullback to the third level entry in JBHT also saw profits, but JBHT also yielded a couple of scratches.

Swing Trades:
The trades holding steady.

Wednesday, March 13, 2013

Around the Horn Trades:
Advanced Trading Plan, with rules:

BMY 0.18/share 38.32 to 38.50
FCX 0.20/share 33.31 to 33.11
RHT -0.41/share 50.29 to 50.70

Automated Trading:

BMY 0.18/share 38.32 to 38.50
FCX 0.40/share 33.31 to 33.11
RHT -0.41/share 50.29 to 50.70

Nasdaq Scalp Opportunities:
Note: While there are many more opportunities offered daily by the Around the Horn NASDAQ Scalper Trading Service, the trades noted here are the most reliable setups of the day. Setting stops on the scalps is necessarily a case-by-case analysis that includes tape reading, overall market sentiment, the spread of the ask/bid, recent support/resistance, profit potential, size of the trade, liquidity of the equity, etc. A general guideline is in the 10 cent range, though it is sometimes tighter or looser depending on these factors. Scalper Members are now able to join us on select days for the first couple hours of trading. If you are interested, email me at Julie@TraderInsight.com

There were several opportunities in the scalp plan today, including moves to the short side in AKAM  as well as ULTA from the second and third levels. To the long side, we had opportunity in SNDK & WDC. Some of these had a couple of moves and there were also a couple of scratches.

Swing Trades:
We hit a profit target in STX today for $2.68/share over 7 days and had a new entry to the long side. The other trades holding steady.

Question & Answer: Points vs. Percents with Results

Question 1, Member:

I am a new member so I am looking forward to getting to know you and your service better. hopefully it will be a long relationship. I just reviewing the information here and I have a few questions if you don’t mind. I will preface my questions with I was previously a Technical Manager so I am a analytical / data guy. But I finished my career as a Market Manager for a large multi national company, so I am sensitive towards sales at time, or so I have been told by sale people. My comment is always being a bottom line guy and I found sales don’t always like bottom line people. I say this because my questions can be taken as critical at times but I assure you I am just trying to learn and understand.

I see you report the performance on gain and not percentage. Is this correct? If so why do you report it by gross gain? Just like in March RIG gained 0.62 and BAS was $0.45. Which is fairly close but RIG was a 1.2% gain compared to a BAS was 3.2%

Answer 1: Adrian Manz

The return per trade depends on how assets are allocated to each position. Personally, I use a fixed position size, which would be more in line with what you are proposing. A .62 profit on 1,000 shares, for example, would represent a $620 gain, while the .45 profit would represent a $450 gain. The assumptions made in the marketing spreadsheets report the results differently, because they work under the assumption that everyone allocates shares equally to each planned position. So, on a day with more planned trades, a trader would be splitting the account into smaller allocations, and thus a larger return as measured in points winds up being smaller than a lesser return in points on a day with only one or two stocks on the plan.

It sounds to me as if your view of trading is a bit closer to the way that I trade my own account, which is to apply equal lot sizes to every position.

Question 2: Member:

I see your performance sheet since inception. I calculated out the return YTD which included today’s trade (Friday) and after 20% of the year an annualized return for 2013 would be 13.8% . Again looking at the history of returns it could be argued that the last 4 years of performance is completely different than the first 4 years. Is there are thought on that? Do you feel the method is less effective than in the past? I mean to me just looking at the trend, which is what traders do, the long term trend looks down and might even be accelerating if you take the last 24 months. I am interested in your thoughts and what you think the overall expectations should be. Should I expect a 15-20% return?

Answer 2: Adrian Manz

As for the second question, the answer is complicated by numerous factors.  First, and foremost, daily spreads and ranges contracted significantly in the years since I started trading.  Decimalization took the smallest spread from .12 cents down to a penny.  This had a dramatic impact on daily travel range, and the ability to plan for large moves.   Second, HFT (High Frequency Trading) and program trading have dramatically narrowed intraday travel range.  The name of the game used to be finding institutional order flow and stepping in front of it.  Institutions looked to trade very large swings, and the movements  in the markets were predictable within 1 point ranges, mostly because of the size of institutional order flow.  HFT has run interference in the markets by creating volatility-based brackets on intraday price activity.  Today, much of the job is about identifying where HFT and program trading will initiate, and then entering and exiting according to the likely parameters used in HFT algorithms.  This substantially narrows profit potential, but the alternative is to caught on the wrong side of a program.

I hope that helps.

All the Best,

Adrian

Monday, March 11, 2013

It was a quiet day at Peterson/Manz Trading today, with a few scalps that were good and a couple scratches. No planned trades hit their entries and the swing trades were mostly uneventful.

Today’s market price action did not leave any reliable setups for Tuesday’s trading (and it takes twice as long to figure out and disqualify the list than if reliable trades present themselves!) so tomorrow will also be quiet. In tomorrow’s blog I will go over today’s scalps and any movement in the swing trades.

Keep an eye out for Second Look opportunities from today’s list of trades that didn’t fully develop.

Friday, March 8, 2013

Advanced Daily Income Trader (for those trading live, with rules):
GPS -0.10/share Long 36.10 to 36.00
GPS 0.15/share Long 36.10 to 35.25 end of day

Daily Income Trader:
GPS -0.31/share Long 36.10 to 35.79

Stocks to Watch/Stocks and Sectors
This section of the Advanced Daily Income Trader is intended to offer traders who are in front of their computer with additional intraday opportunities. For these stocks, stops could not be clearly determined during selection process but are included as discretionary trades for the following day.

All of the Stocks to Watch went in the direction expected, but without clear stops in NEM, BVN, EQR. There was opportunity in the Stocks and Sectors scalp in CHK with a 10 cent stop with two possible trades from 20.96 to 21.11 then later from 20.96 to 21.29.

Nasdaq Scalp Opportunities:
Note: While there are many more opportunities offered daily by the Around the Horn NASDAQ Scalper Trading Service, the trades noted here are the most reliable setups of the day. Setting stops on the scalps is necessarily a case-by-case analysis that includes tape reading, overall market sentiment, the spread of the ask/bid, recent support/resistance, profit potential, size of the trade, liquidity of the equity, etc. A general guideline is in the 10 cent range, though it is sometimes tighter or looser depending on these factors. Scalper Members are now able to join us on select days for the first couple hours of trading. If you are interested, email me at Julie@TraderInsight.com

Friday saw opportunity in CPRT, though not ideal, from 32.40 to 32.07. ONXX, PANL, PDCE, & RGLD all had opportunity from their secondary levels. There were also a couple of scratched trades throughout the day.

Swing Trades:
All swing trades holding steady.

Thursday, March 7, 2013

Around the Horn Trades:
Original Plan, with rules:
GPN 0.19/share Long 47.35 to 47.16

Automated Trading:
GPN 0.06/share Long 47.35 to 47.29

Nasdaq Scalp Opportunities:
Note: While there are many more opportunities offered daily by the Around the Horn NASDAQ Scalper Trading Service, the trades noted here are the most reliable setups of the day. Setting stops on the scalps is necessarily a case-by-case analysis that includes tape reading, overall market sentiment, the spread of the ask/bid, recent support/resistance, profit potential, size of the trade, liquidity of the equity, etc. A general guideline is in the 10 cent range, though it is sometimes tighter or looser depending on these factors. Scalper Members are now able to join us on select days for the first couple hours of trading. If you are interested, email me at Julie@TraderInsight.com

There were plenty of opportunities in the scalp plan today, including moves to the short side in EXPD from both the second and third levels, TSLA from the first and second levels, Z from the second level. Some of these had a couple of moves and there were also a couple of scratches.

Stocks and Sectors:
There was a nice move if you were watching in TDC, which put in a 59.25 stop early in the day and moved from the 59.05 entry down to the 58.62 target.

Swing Trades:
trades holding steady.

Wednesday, March 6, 2013

Around the Horn Trades:
Original plan with all of the rules, including 50% to target scratch at breakeven:
CNW 0.00/share Long 36.33 to 36.33
WTR 0.05/share Short 29.77 to 29.72

Automated Trading:
CNW -0.47/share Long 36.33 to 36.33

Second Look:
I have a second look in WTR from today’s plan and will look for scalping opportunities in tomorrow’s session. I will also watch to see if CNW will set up again to the long side tomorrow. The Stocks to Watch trade in NOW had a pop up through the entry in today’s trading and later settled in near the entry level so I will watch it tomorrow as an additional scalp opportunity.

Nasdaq Scalp Opportunities:
Note: While there are many more opportunities offered daily by the Around the Horn NASDAQ Scalper Trading Service, the trades noted here are the most reliable setups of the day. Setting stops on the scalps is necessarily a case-by-case analysis that includes tape reading, overall market sentiment, the spread of the ask/bid, recent support/resistance, profit potential, size of the trade, liquidity of the equity, etc. A general guideline is in the 10 cent range, though it is sometimes tighter or looser depending on these factors. Scalper Members are now able to join us on select days for the first couple hours of trading. If you are interested, email me at Julie@TraderInsight.com

Today’s scalps were all to the long side and most blew out that way from early on without pullback, but there was some opportunity in CERN from 91.34 to 91.59. All of the scalps were setup for long entries, meaning we look for a pullback before entering on a pop back up. Adrian also gave the room a takeover chatter rumor opportunity in WLT.

Swing Trades:
One new short entry today- check in the member’s area

Tuesday, March 5, 2013

Pretty quiet day today all around. We had an Infield Fly set up for today that didn’t really materialize, an opportunity for a scalp in Z and another in CLX from yesterday’s Stocks and Sectors list.

Swing Trades:
SCSS: if trailing a stop, we are looking at 17.70 as a profit stop
NUAN: stopped out at the profit of 50% to target

New Swing Trades:
One new long entry today- check in the member’s area

Monday, March 4, 2013

Around the Horn Trades:

BAS     0.45/share   Short    14.00 to 13.55

Nasdaq Scalp Opportunities:Automated Trading:

Note: While there are many more opportunities offered daily by the Around the Horn NASDAQ Scalper Trading Service, the trades noted here are the most reliable setups of the day. Setting stops on the scalps is necessarily a case-by-case analysis that includes tape reading, overall market sentiment, the spread of the ask/bid, recent support/resistance, profit potential, size of the trade, liquidity of the equity, etc. A general guideline is in the 10 cent range, though it is sometimes tighter or looser depending on these factors. Scalper Members are now able to join us on select days for the first couple hours of trading. If you are interested, email me at Julie@TraderInsight.com

Monday saw opportunity in BMRN , DECK, LIFE and Z. All of the scalps were setup for long entries, meaning we look for a pullback before entering on a pop back up. Traders in the room caught many of these trades and suggested other entries that Adrian was able to comment on live.

Swing Trades:
SCSS short gapped lower this morning for an additional buck or two in profits.
WTW short trading nicely in our direction.
NUAN has the 50% stop in place and it has stayed below that today.
FLIR still in play
Swing Trades:
One new short entry today- check in the member’s area

Friday, March 1, 2013

We had a nice trade on Friday in RIG

Around the Horn Trades:

Automated Trading:
RIG    0.61/share        Short 51.87 to  51.25 ( target)

Original plan with all of the rules, including 50% to target scratch at break even:

RIG    0.32/share        Short 51.87 to  51.55 (50% to target exit after 10 cent to target)
RIG    0.00/share        Short 51.87 to  51.87 (break even exit after touched the 50% to target)

Swing Trades:

SCSS is between 75% and target.
NUAN traded down and touched 75% to the target before pulling back just under the new 50% to target profit stop of 18.55.
FLIR is still hovering between stop and entry.
WTW is hovering around the entry.

Thursday, February 28, 2013

The volatility kept any planned trades from presenting themselves as clear setups for today.

Swing Trades:

SCSS is nearly back down 75% to the target and closed the day at that level.
NUAN traded down and touched 75% to the target before pulling back just under the new 50% to target profit stop of 18.55. Keep a close eye on that one tomorrow.
FLIR is still hovering around the entry level having pulled back from just shy of its stop level.
WTW in the wasteland between entry and stop, but much closer to entry.

Wednesday, February 28, 2013

We were on the road on Wednesday traveling to meetings, but I had the following prepared for posting:

Around the Horn Trades:
Original plan with all of the rules, including 50% to target scratch at breakeven:
CSC 0.26/share Long 47.74 48.00
CTL -0.35/share Short 33.93 34.28

Automated Trading:
CSC 0.52/share Long 47.74 48.26
CTL -0.35/share Short 33.93 34.28

Nasdaq Scalp Opportunities:
Note: While there are many more opportunities offered daily by the Around the Horn NASDAQ Scalper Trading Service, the trades noted here are the most reliable setups of the day. Setting stops on the scalps is necessarily a case-by-case analysis that includes tape reading, overall market sentiment, the spread of the ask/bid, recent support/resistance, profit potential, size of the trade, liquidity of the equity, etc. A general guideline is in the 10 cent range, though it is sometimes tighter or looser depending on these factors. Scalper Members are now able to join us on select days for the first couple hours of trading. If you are interested, email me at Julie@TraderInsight.com

Wednesday saw opportunity in FFIV from both the first and second level entries as well as pivot plays, KLAC had a move from the third level, ADSK had a rather messy early entry from the primary level or more defined from a consolidation later on.

Swing Trades:
Swing trades held steady on Wednesday

Tuesday, February 26, 2013

Nasdaq Scalp Opportunities:
Note: While there are many more opportunities offered daily by the Around the Horn NASDAQ Scalper Trading Service, the trades noted here are the most reliable setups of the day. Setting stops on the scalps is necessarily a case-by-case analysis that includes tape reading, overall market sentiment, the spread of the ask/bid, recent support/resistance, profit potential, size of the trade, liquidity of the equity, etc. A general guideline is in the 10 cent range, though it is sometimes tighter or looser depending on these factors. Scalper Members are now able to join us on select days for the first couple hours of trading. If you are interested, email me at Julie@TraderInsight.com

Several of our trading members told us they found opportunities in ADSK, CHRW, EXPD, FFIV, KLAC as well as ED from Mondays trading. Great! In the room today Adrian was talking to those in attendance about finding the setups that speak to them- I love it because it is the spirit of this particular service.

Swing Trades:
if still in ASML our profit stop is still at 50% to target.
All other swing trades are behaving well with NUAN trading below the 50% to target but not quite to 75%.

February 22 & February 25, 2013 (Friday & Monday)

Around the Horn Trades:
Original plan with all of the rules, including second entries:

ED 0.21/share L 58.59 58.80

Plan with only FB/SH trades for automation:
ED -0.31/share L 58.59 58.28

Stocks to Watch/Stocks & Sectors:
We passed on OI today as the sector didn’t line up with the setup and discussed that live.
TOL had a 50% to target exit profitable trading opportunity

Nasdaq Scalp Opportunities:
Note: While there are many more opportunities offered daily by the Around the Horn NASDAQ Scalper Trading Service, the trades noted here are the most reliable setups of the day. Setting stops on the scalps is necessarily a case-by-case analysis that includes tape reading, overall market sentiment, the spread of the ask/bid, recent support/resistance, profit potential, size of the trade, liquidity of the equity, etc. A general guideline is in the 10 cent range, though it is sometimes tighter or looser depending on these factors. Scalper Members are now able to join us on select days for the first couple hours of trading. If you are interested, email me at Julie@TraderInsight.com

We discussed many of the trading opportunities in the war room and their pros & cons.
HMSY had opportunity off of our tertiary levels and above the S1 pivot. Some of our members also saw the opportunity in CHTR. ACTG was also discussed

Swing Trades:
We had ASML gap above our profit stop (at 50%) and in the War Room I watched it with fellow traders live as it sank back into that price and below. I am booking it as an exit at 50% but if you also had the luxury of watching like I did then the stop is again at 50% to target and the target is in sight.
All other swing trades are behaving well and no new entries today, but keep an eye on the two new shorts for tomorrow.

Thursday, February 21, 2013

Around the Horn Trades:
Original plan with all of the rules, including 50% to target scratch at breakeven:
LXK -0.31/share Short 21.90 22.21
MTH 0.29/share Short 39.39 39.10
POT 0.40/share Short 40.22 39.82
RYL 0.00/share Short 33.95 33.95

Automated Trading:
LXK -0.31/share Short 21.90 22.21
MTH -0.53/share Short 39.39 39.92
POT 0.40/share Short 40.22 39.82
RYL -0.57/share Short 33.95 34.52

Nasdaq Scalp Opportunities:
Note: While there are many more opportunities offered daily by the Around the Horn NASDAQ Scalper Trading Service, the trades noted here are the most reliable setups of the day. Setting stops on the scalps is necessarily a case-by-case analysis that includes tape reading, overall market sentiment, the spread of the ask/bid, recent support/resistance, profit potential, size of the trade, liquidity of the equity, etc. A general guideline is in the 10 cent range, though it is sometimes tighter or looser depending on these factors. Scalper Members are now able to join us on select days for the first couple hours of trading. If you are interested, email me at Julie@TraderInsight.com

Swing Trades:
It was a busy day for Swing Trades today.
ALXN stopped us out after only 2 days.
MDP also stopped us out, but at breakeven after having already been 50% to the target.
SCSS is 75% to the target and closed the day at that level. The stop for this is now 50% to target.
NUAN closed the day at better than 50% to target.
ASML had a low today just shy of the profit target. The stop is now at the 50% to target level.
Watch FLIR closely tomorrow as it hovers above it’s stop level.

Wednesday, February 20, 2013

There were no reliable setups for today for the intraday plans. The market is bumping around at this level and Adrian is more interested in finding clear signals than putting something out just so members can feel like they have something to trade. Believe me, it takes him just as long each afternoon to NOT find picks for the next day as it does when they present themselves- even longer as he scours the stocks for clear opportunities.

Swing Trading
SCSS is now 75% to the target at 19.61, stop is now at 50% to the target level.
NUAN is now at the 50% to target level, stop at breakeven if it reverses on us.
ASML is also now at the 50% to target level, stop at breakeven if it reverses on us.
MDP is also now at the 50% to target level, stop at breakeven if it reverses on us.
We have two other trades that are around their entry levels.

Tuesday, February 19, 2013

Around the Horn Trades:
Original plan with all of the rules, including 50% to target scratch at breakeven:
KRO 0.36/share SHORT 17.83 17.47 profit target
SGY -0.11/share SHORT 20.95 21.06 end of day
VTR -0.22/share LONG 69.61 69.39 stop

Second Look:
Both SGY & VTR from today’s plan may firm up for another try tomorrow.

Stocks to Watch/Stocks and Sectors on the Radar
MAN was a long on this list with an entry at 54.99. With a really tight stop under the low of the day at 54.85 this was a great scalp with an exit at 55.45 on the reversal of two closes after a steep run-up. This exit also correlated with the 50% to target level and we always appreciate convergent information.

Nasdaq Scalp Opportunities:
Note: While there are many more opportunities offered daily by the Around the Horn NASDAQ Scalper Trading Service, the trades noted here are the most reliable setups of the day. Setting stops on the scalps is necessarily a case-by-case analysis that includes tape reading, overall market sentiment, the spread of the ask/bid, recent support/resistance, profit potential, size of the trade, liquidity of the equity, etc. A general guideline is in the 10 cent range, though it is sometimes tighter or looser depending on these factors. Scalper Members are now able to join us for the first couple hours of trading. If you are interested, email me at Julie@TraderInsight.com

There were some opportunities today in the Scalp setups, with secondary entries in BBBY and CSTR, as well as other set ups that looked good but didn’t trigger, such as PCYC and TSLA. CSTR also had a primary entry that didn’t fully develop and scratched out.

Swing Trades:
There was a lot of action today for the Swing Trading service.
HRT long hit the profit target today – some traders took this off at the profit target, others left some or all of the position on with a trailing stop at the profit target. Either way, it’s all good! Official results will reflect the exit as it did briefly come back to touch the target level.
NWS long hit the profit target today also! If a trader would like to trail a stop for some portion of the position, 29.45 level seems to be a good support level. If price moves higher early in tomorrow’s session, the next level of support up is 29.65.
BBY short took us out at the stop today. boo.
SCSS short is below the 50% to target level.
The others we have been in are hovering in our favor closer to their entry prices.

We had two new entries today, one long and one short.

Sunday, February 17, 2013

Just a note- I have received some excellent questions from of our subscribers and thought it may be helpful to post some thoughts here as well.

In posting the results in this blog, there is a large and possibly confusing amount of information and I don’t want any one subscriber to think that they should or could have all of the trades reported- it is intended that members will focus in on the results pertinent to their subscription or subscriptions. Official results for the various plans can be found in the member’s area for each plan- where you get the next day’ plan- via links to spreadsheets.

Some of the types of trades reported are completely discretionary and only for traders with enough experience and confidence and who are in front of their computers during the trading day. These trades are especially relevant to our Scalper Service Members, for reasons discussed below.

For the Second Look trades there are no exact rules, though I do use the prior day/s setup for guidance. These trades are ENTIRELY discretionary and only for traders comfortable with the parameters of the trade. These results are not added into any official result and are just offered out as more opportunity for traders who are at their desks and would like more trade possibilities. I trade these in the war room when they come up. Sometimes these trades line up exactly with the prior levels, other times I can shorten the stop or get a new entry. These were developed as Extra Innings in Adrian’s Around the Horn book because I hated having all of Adrian’s hard work finding stocks go to waste just because it didn’t trigger on the trade day, but did follow through on the next day or day after.

The Stocks to Watch/Stocks & Sectors are also ENTIRELY discretionary, though these do have some rules we set up on the trade day. These trades are those that didn’t make it into the official trades as the stops were too wide but Adrian still liked these the day before and, again, we wanted to have them available to us even though they weren’t perfect the night before. Essentially not wanting to “throw the baby out with the bath water” if you will. So we look to see if they create stops on the trade day and calculate if the profit/loss ratio is in our favor. We also talk about these in the war room if they set up. The Stocks & Sectors trades are really just scalps and are subject to the same conditions of the scalps, where we also look for sector confirmation and find the appropriate stops on the trade day. These results are also not tabulated into official results.

I hope this is helpful and if you ever have any questions, don’t hesitate to email me at: Julie@TraderInsight.com