KeystoneTrading's Commentaries

Mar 5 2010

My favorite day trading set up

by KeystoneTrading

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One of our favorite plays is a weak stock closing strong. Tomorrow’s play is to sell short a failed test of the previous days high. This is a trade with terrific risk/reward. The existing order flow is selling pressure and the play is for it to resume.

The ability to put in a tight stop at a significant reference point with the potential resumption of the larger time frame move makes this a great addition to your playbook.

Tagged: day trader, day trading, day trading blogs, day trading swing trading prop firms, intra day trading, investing, online trading, prop trading, proprietary trading, proprietary trading firms, stock trading, stock trading blogs, swing trading, TRADING STOCKS

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KeystoneTrading's Commentaries

My favorite day trading set up

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