Yesterday was a Marvelous Monday and if we are blessed, today we will have Tremendous Tuesday. Tuesdays have been good to the markets this year and it would be nice if that trend continued today.
Have a plan for every type of market and do your best to execute that plan. Everything you do should be pre-planned which will help you keep the emotions out of your decisions. I have a plan for every market condition and each trade I take. Those plans include the option of sitting on the sidelines and doing NOTHING.
Not all of my plans work out perfectly but I always know my risk reward and that keeps my emotions at bay. Its just a business decision, its not personal even though sometimes it feels like it is.
Yesterday was a home-run primarily because of one stock HDY.
I traded it three times and it was a gift that kept on giving. Even though I did well, after reviewing the trades I could have executed even better. Normally I hold lotto shares and even though my eyes were telling me that HDY still had more left in the tank I exited the entire position because my emotions were telling me it ran to far to fast. I also took trades in TZA which was a small loser, ISR which was a small winner, ARTX another small scalp winner, GALE VRNG OMEX all flat trades. I had a plan for every trade and the moment they violated my plan I took action. I didn't panic I just followed my plan!
I can't emphasize enough the importance of having a plan for each and every trade and having the discipline to stick to the plan regardless of outcome.
Morning movers and other stocks that caught my eye
KNDI nice bounce off what looks like a motley fool article, FST active premarket off pr, AKS active premarket, VTNR hot daily, MVIS earnings like the daily, PQ hot daily earnings, LIVE pr big short postition but it can be a pop and flopper, TWTR on radar for potential bounce, MOBI hot daily might be ready for a bounce
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Top Ideas
Birner Dental Management Services (BDMS) - new article by Whopper Investments »
Spartan Energy (OTC:PTORF) - new article by Josh Young »
Lumos Networks (LMOS) +13% since Apr. 22 John Leonard article »
Ithaca Energy (OTCPK:IACAF) +45.3% since Aug. 27 Dennis Beaudet article »
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Today's Markets:
In Asia, Japan -0.2% to 14,458. Hong Kong closed. China flat at 2028. India +0.2% to 22498.
In Europe, at midday, London -0.2% to 6,810. Paris flat at 4,463. Frankfurt flat at 9,553.
Futures at 6:20: Dow +0.1%. S&P +0.1%. Nasdaq +0.3%. Crude +0.5% to $100.00. Gold flat at $1309.
Ten-year Treasury Yield up one basis point to 2.62%.
Birner Dental Management Services (BDMS) - new article by Whopper Investments »
Spartan Energy (OTC:PTORF) - new article by Josh Young »
Lumos Networks (LMOS) +13% since Apr. 22 John Leonard article »
Ithaca Energy (OTCPK:IACAF) +45.3% since Aug. 27 Dennis Beaudet article »
SA PRO subscribers get an early look at Top Ideas, and access to the SA PRO research library. Learn about SA PRO »
Today's Markets:
In Asia, Japan -0.2% to 14,458. Hong Kong closed. China flat at 2028. India +0.2% to 22498.
In Europe, at midday, London -0.2% to 6,810. Paris flat at 4,463. Frankfurt flat at 9,553.
Futures at 6:20: Dow +0.1%. S&P +0.1%. Nasdaq +0.3%. Crude +0.5% to $100.00. Gold flat at $1309.
Ten-year Treasury Yield up one basis point to 2.62%.
Today's economic calendar:
7:45 ICSC Retail Store Sales
8:30 Gallop US ECI
8:30 International Trade
8:55 Redbook Chain Store Sales
1:00 PM Results of $29B, 3-Year Note Auction
7:45 ICSC Retail Store Sales
8:30 Gallop US ECI
8:30 International Trade
8:55 Redbook Chain Store Sales
1:00 PM Results of $29B, 3-Year Note Auction
Notable earnings before Tuesday’s open: ACM, ACOR, AER, AKRX, AME, ARCC, ARCO, ARW, BCE, CBOE, CNK, COCO, CRTO, CRZO, CYNO, DISCA, DNR, DTV,DWRE, EMR, EXH, EXLP, FE, GDP, GLDD, HCP, HFC, HPT, HSH, HSIC, HTH, IFF, ISIS, KWK, MMP, MNTA, MONT, MOS, MPW, MSO, MVIS, MWIV, NRG, NTI, NUS, ODP,OXF, PDCE, PQ, PRIM, RDC, RHP, RTI, OTC:RTRX, STWD, TDG, TGH, TPH, TW, UBS, VMC, VSH, VTG, WCG, WNR, XRAY, ZBRA, ZTS
Notable earnings after Tuesday’s close: ACLS, AFG, AGU, ALL, AMTG, ARC, ARRS, ATVI, AVNR, AVNW, AWR, BEAT, BID, BIO, CENT, CHUY, CNVR, CODE, CPT, CSU,CYH, CYNI, DDR, DIS, DLR, DPM, DTLK, EA, EGAN, ENPH, ETE, ETP, EXTR, FEYE, FMC, FNGN, FRGI, FSLR, FST, FTR, GALE, GHDX, GNC, GNMK, GRPN, IAG, ICUI, IMI,JIVE, LBTYA, LGCY, LLNW, LYV, MCHP, MITT, MOVE, MPO, MRO, MTDR, MYGN, NYMT, OCLR, OKE, OKS, PBPB, PEGA, PSEC, PXD, PZZA, QGEN, QUAD, RDN, REGI,RGP, RLOC, RP, SAAS, SAPE, SGMO, SPA, SSNI, SXL, THOR, THRX, TRIP, TRMB, TRMR, TSRA, WES, WFM, WTI, ZAGG, ZU
Best of Success!!
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