The way we will trade this is that I will give a trigger price before the opening of the market.
These are the rules that Must be followed.
1. We will not trade if our trigger price has been gapped up during Premarket.
2. We will not enter our trade within 15 minute of the opening market. (price fluctuate a lot so we need to let it settle down).
3. Once we enter our entry price we will then put a tight stop loss of 2%.
4. When the price runs up high, sell some of your shares and let your profit run.
5. Remember to get rid of all the shares before the closing of the market. We do not want to hold it pass this day. If you want to hold it till the next day try to do with smaller amount of shares.
Saturday, October 27, 2007
Intraday plays
Posted by
daytrader
at
5:00 AM
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