Before the market opened my notes said the following for today. Again it is very very important to always have a plan and not rush any trades or F up on what share size to take. I f'd up on the share size in 2 of the trades which caused losses.
The Following is my trading plan prior to market open:
$FB (Facebook)
- only play the stock on a legit move down, look for reversal - pre-market 26.40 support (this means $FB will have a hard time breaking through 26.40
- Resistance at 26.75 (this means $FB will have a hard time going past 26.75)
$CPWR
- Let ride up to 11.90 and short or...
- break down below 11.34 and short only after confimations
$CCL
- Let it ride up and short around the 33.30 area or...
- If it goes under 32.90 then short only after confirmations
$GOLD
- Resistance areas: 79.30-79.50 (which means stock will have a hard time going above this price range
- Short the stock below 78.90 but only if there is confirmation with the right pattern
I will update with charts probably tomorrow, or over the weekend depending when I have time.
Peace out!
What I learned today: Do not rush into a trade. It is not worth it. If you miss it, 1...2...3...F it.
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