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. Daily Schedule: 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: S&P 500 Opening Gap Play: .....……………...……21

  1. 9:30 to 10:00 EST Setups 2 – 4 grabbing quick profits …..…...……22

  1. Stock Setup 2: Gap & Go …………………………....………...….22

  1. Stock Setup 3: Gap Fade: …………………………….…………...29

  1. Stock Setup 4: Gap Fill & Go …………………………....………..36

  1. 10:00 to Close EST: Overbought/Oversold Setups 5 – 7 ….....…….39

  1. Stock Setup 5: Free Fall ………………………………….….….…39

  1. Stock Setup 6: Rocket ……….………………………...………….42

  1. Stock Setup 7: Sling Shot………….………………...…………..…44

  1. 10:15 to 12:00 EST Setup Criteria for setups 8 - 13…….............….47

  1. Stock Setup 8: Double Dynamite…………………………….……..49

  1. Stock Setup 9: 123Pullback……………………….……………….52

  1. Stock Setup 10: Wedge Buster…………………………………….55

  1. Stock Setup 11: 15 & 30 Minute Candlestick Breakouts ……..........58

  1. Stock Setup 12: 30 Minute Breakout - 5 Minute Charts…………....62

  1. Stock Setup 13: 30 & 60 Minute ISB Breakout ……..………..……65

  1. Breakout & Breakdown Entry Rules ……………………..…………68

  1. 123 Pullback Entry Rules …………….……………………………..70

  1. E-Mini Setup 1: Fade Play …………….………………..…………71

  1. E-Mini Setup 2: 123 Pullback ……………………………….…….74

  1. E-Mini Setup 3: Breakdown/Breakdown ……….…………………76

  1. Managing a Losing Trade ……..…………………………………….78

  1. Part Time Trader …………………………………………………...80

  1. Psychology …………………………………………………………81

  1. General Trading Rules ……………………..………………………..83

  1. Common Trading Mistakes ……………………………..…………..84

  1. Your Health ……………………………………………………...…85

  1. Trade Smart: Keys to Remember ……….………………………..…86

  1. Chart for Tracking Daily Stock Trade Results ……....……………….87

  1. Chart for Tracking E-Mini Trade Results ……...…………………….88

  1. Part Time Trader Charting Gap & Go Results ………...……………..89

  1. Part Time Trader Chart for tracking each Trade ………………...…...90

 

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