Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Looking at your watch list in hindsight, the easiest way to trade, I see several opportunities to take a dollar out of the swings the stocks made.
I know that trading on the right hand side of the chart is much tougher. I wonder what you are looking for and if monitoring that big a watch list on a one minute chart is problematic?
One other thing I noticed is that 4 of the stocks on your watch list have an ATR of less than the $1.00 target you aim for.
"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
Can you help answer these questions from other members on NexusFi?
I am mostly looking for one way directional moves from the open. So ideally moves which have taken price beyond the open and past the previous day close. Although I occasionally trade gap fades it is not something I am entirely comfortable with. Also don't like to chase if a stock has already moved like 6-7%. It depends on if I see anything on the tape, how it is behaving relative to market etc.
ADSK > was borderline as it was approaching +7% when it pulled back. However it can move 2 or 3 points from open in earnings, so in hindsight maybe too much hesitation.
ARUN > was chopping around the open pivot > disregarded
BCEI > this was decent, but tape was showing selling absorption in the 20.20s. Didn't stick with it, otherwise I could have entered when the level broke.
DGI > straight up from open > no pullbacks of any note until 32.50 level > left it alone as it was over 2.5 pts by that time
GPS > chopping around the open pivot > left it
HLF > fake down > then fake up as it moved back down negative > left it alone
HZNP > judged it had move too much before pullback
ISIS > moves too big > would have required big stop
NRG, SPLK > gap fade > left it
SWN > Failed to hold open then bouncing around the prev day close > left it alone
With regards to ATR , I typically include stocks which have moved decent amounts in previous earnings. So I don't have a hard and fast rule on ATR.
