Yesterday was a choppy day for me and I spent it sitting on my hands. There were several stocks that had decent moves but unfortunately by the time they landed on my radar I was unable to find an entry that worked for me. Stocks like INFN UTIW SPWH. I used to get really pissed off when I missed stocks like that and I would try to make it up elsewhere or even worse chase a stock even though I knew I was adding additional risk by taking it at a less than ideal entry point.
Like the quote says the key is being calm, relaxed and patient. Let your trade come to you, don't try to force it or be overly aggressive because that is when mistakes occur. A late entry or poor risk management and you are more than likely going to feel some pain. By being patient and disciplined you may miss some great trades but the beauty of this business it here is always another one right around the corner.
Recognize that you can't get them all > you can wait for your ideal setup, with the most favorable risk reward and get your ideal entry. You only need a few of those a week to be successful.
Stocks on my Radar
PLUG new contract news 4 is a fairly big wall to get through FCEL BLDP ZBB sometimes run in sympathy and they can all pop and flop so be careful , ARRY news last night 4.80 is resistance look for a pull back play, SQNM still on my radar, TLOG insider buying decent daily, HNSN another one with insider buying can be a pop and flopper so be careful, REDF and SIFY had some action yesterday possible continuation, PLNR still watching for a break out nice daily, SCOK pop off pr premarket do not chase it, SUNE pr possible bounce play, PSTI possible bounce play off pr, ONNN pr possible 10 dolla roll,
IWM JNUG UUP USO SPX GLD
TVIX TZA NDAQ always on radar for market sentiment
Seeking Alpha
Today's Markets:
In Asia, Japan +0.9% to 17887. Hong Kong +1.7% to 23833. China +4.3% to 2899. India +0.4% to 28563.
In Europe, at midday, London +0.1%. Paris +0.4%. Frankfurt +0.5%.
Futures at 6:20: Dow +0.2%. S&P +0.1%. Nasdaq +0.2%. Crude +0.1% to $67.50. Gold -0.5% to $1202.80.
Ten-year Treasury Yield flat at 2.28%
In Asia, Japan +0.9% to 17887. Hong Kong +1.7% to 23833. China +4.3% to 2899. India +0.4% to 28563.
In Europe, at midday, London +0.1%. Paris +0.4%. Frankfurt +0.5%.
Futures at 6:20: Dow +0.2%. S&P +0.1%. Nasdaq +0.2%. Crude +0.1% to $67.50. Gold -0.5% to $1202.80.
Ten-year Treasury Yield flat at 2.28%
Today's economic calendar:
Chain Store Sales
7:30 Challenger Job-Cut Report
8:30 Initial Jobless Claims
8:30 Gallup US Payroll to Population
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Chain Store Sales
7:30 Challenger Job-Cut Report
8:30 Initial Jobless Claims
8:30 Gallup US Payroll to Population
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
CNBC in the news
| In the news today |
|---|
| U.S. stock futures were higher in early trading, after the Dow and S&P 500 hit new highs again Wednesday and China stocks surged more than 4 percent overnight. Recently crumbling oil prices were steady. (CNBC) |
| The Dow is now within less than 90 points of 18,000 following its 33rd record close of 2014, while the S&P comes off its 48th record finish of the year. (CNBC) |
| The European Central Bank is not expected to take any new steps at today's policy meeting. But traders have been anticipating a dovish ECB President Mario Draghi at the news conference afterwards. (CNBC) |
| NASA's unmanned Orion spacecraft is planning to launch this morning—the first step on a journey to eventually take humans to an asteroid and Mars. Lockheed Martin (LMT), which built the craft, is running the test. |
| At the request of U.S. federal regulators, Ford (F) has joined Honda (HMC) and Chrysler in expanding its recalls on potentially faulty passenger side airbag inflators made by Japanese auto parts maker Takata. Meanwhile, Toyota (TM) has expanded its Takata-related recalls in Japan and China. (CNBC) |
| Britain plans to introduce a 25 percent tax to target multinationals such as tech companies Google (GOOG) andAmazon (AMZN), accused of using complex accounting schemes to cut their payments on earnings. (Reuters) |
| Russian President Vladimir Putin accused Western powers of "pure cynicism" over the situation in Ukraine, in a key speech to his country as its economic prospects worsens. (CNBC) |
| Protesters erupted in New York City last night, hours after a grand jury declined to indict a white police officer whose chokehold led to the death of an unarmed black man this summer. (NBC News) |
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