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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.
It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
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.
Thanks for input.
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