HOW I DAY TRADE     


A Day Trading Blog...Knowledge & Discipline is power

Day Trading Business Plan
Table of Contents at a Glance


  1. How I Day Trade ………………....…………………….….......….…1

 

  1. Why I Day Trade……………………………………….………....….2

 

  1. Position Size and Amount to Risk per Trade ……....………………….3

 

  1. Rules for Scaling out of a Trade …………..…..………........................5

 

  1. Money Management: Using risk to determine # shares to buy ……..…. 7

 

  1. Risk Management Tables: shares to buy, scaling out and targets …..….  8

 

  1. My Office Setup ……………………………………….....…………10

 

  1. Pre Market Checklist ……………………………………….……….11

 

  1. Sample Schedules: part time & full time trader …..………….………..12

 

  1. Rules for Grading Each Setup ………………………………..……...13

 

  1. Assigning a Grade for Each Trade………………………...……….…14

 

  1. How to keep a Daily Report Card ……………….………………….15

 

  1. Charting your Daily Grades …………………………………...……..16

 

  1. Keeping a Journal……………………………..………………..……17

 

  1. Tracking Your Results: Without focusing on $………………….....….18

 

  1. Stock Scanners: Where to find them.. ………………...…………...…19

 

  1. Trading Strategies for Intra Day Setups …………………...……...….20

 

  1. Stock Setup 1: Opening Gap Play: …………...……..………...……21

 

  1. Using Daily Charts to form a Watch List …………………….…...…..22

 

  1. 9:30 to 10:00 EST Setups 2 – 8 grabbing quick profits ……......……26

 

  1. Stock Setup 2: Gap & Go ……………….……………………...….26

 

  1. Using one minute charts with Gap and GO…………....…...…………31

 

  1. Stock Setup 3: Gap Fade: ………………………….….…………...34

 

  1. Using one minute charts with Gap and GO…………………...………41

 

  1. Stock Setup 4: Gap Fill & Go …………………….……....………..43

 

  1. Stock Setup 5: 8ema Trending Pullback ………………………..…..46

 

  1. Multiple Time Frame Setups: Setups 6 – 11.…... ………......…….50

 

  1. Stock Setup 6: Double Dynamite……………………………..……..52

 

  1. Stock Setup 7: 123 Pullback………………………….…………….55

 

  1. Stock Setup 8: Wedge Buster………………………………...…….58

 

  1. Stock Setup 9: 15 & 30 minute candlesticks Breakout ……....….......61

 

  1. Stock Setup 10: 30 minute Breakout - 5 Minute charts……...……....65

 

  1. Stock Setup 11: 30 & 60 Minute ISB Breakout …………..…..……68

 

  1. Overbought & Oversold Stock Setups: Setups 12 – 14 …….....….71

 

  1. Stock Setup 12: Free Fall ………………………....…..….….….…71

 

  1. Stock Setup 13: Rocket ……….…………………………..……….74

 

  1. Stock Setup 14: Sling Shot…………………………….......……..…76

 

  1. Advanced: One and Two Minute Charts ………………...…….……79

 

  1. Risk / Entry / Target / Stops 1 & 2 minute time frame ………....……..80

 

  1. Setups for fading a stock 1 & 2 minute charts …………………..……81

 

  1. Setups for going with a stock gapping up 1 & 2 minute charts ..…..…..82

 

  1. Trade examples for 1 & 2 minute charts …………………...…..…….83

 

  1. Utilizing a lower time frame to place an alternative stop ……..………..87

 

  1. Breakout & Breakdown Entry Rules ………...………………………91

 

  1. 123 Pullback Entry Rules …………………………………..………..93

 

  1. E-Mini Setup 1: Fade Play …………………………………...……94

 

  1. E-Mini Setup 2: 123 Pullback ………………………………..…….97

 

  1. E-Mini Setup 3: Breakdown/Breakdown ……………………..……99

 

  1. Managing a Losing Trade ………………………...………...………101

 

  1. Part Time Trader ……………………………….………………….103

 

  1. Psychology ……………………………….……………………..…104

 

  1. General Trading Rules ……………………………………...………106

 

  1. Common Trading Mistakes …………………………………...……107

 

  1. Your Health ……………………………………..……………..…..108

 

  1. Trade Smart: Keys to Remember …………………………………..109

 

  1. Chart for Tracking Daily Stock Trade Results …………….....…...…110

 

  1. Chart for Tracking E-Mini Trade Results …………....……..….……111

 

  1. Part Time Trader Charting Gap & Go Results …………...…………112

 

  1. Part Time Trader Chart for tracking each Trade ………….......…….113

 

 

Challenges are what make life interesting; overcoming them is what makes life meaningful. - Joshua J. Marine -

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