Thursday, February 6, 2014

Never forget this!

Good morning Folks, 
Noanettrader and myself often get asked where should I buy this stock or what would your entry be for this. That is important. However, the more important question to ask is where do I plan to get out.
You need to determine your risk reward for each trade and this can't be done unless you know where you will exit if the trade goes against you. You also need to determine what your first target will be to take some profit. Buying a stock is easy figuring out where you plan to exit is the more challenging part and clearly the most important piece. 

Morning movers and other stocks that caught my Eye

$GLUU earnings I would not chase it wait for a setup, $HK like the daily might be more of a swing, $ALU earnings 52 week hods on deck, $SODS not sure long or short, $EVHC nice daily pr, $GNVC bounce play?, $GSVC want this one for a swing looking for support, $EZN active premarket , $MWW poppin off Coke deal hot daily 20dma bounce, $AVNR earnings like the daily $MICT pr thin one like the daily, $OTIV pr gapper    

Seeking Alpha
Today's Markets:
In Asia, Japan -0.2% to 14155. Hong Kong +0.7% to 21423. China closed. India flat at 20267.
In Europe, at midday, London +0.8%. Paris +1.2%. Frankfurt +1.1%.
Futures at 6:20: Dow +0.45%. S&P +0.5%. Nasdaq +0.5%. Crude +0.4% to $97.80. Gold +0.1% to $1258.60.
Ten-year Treasury Yield flat at 2.68%

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