I recently received the following email and wanted to address it:
“I follow your articles regularly in Lessons from the Pros and find them very informative. Have been using the supply/demand approach in my trading and have been very successful. However one problem I can’t seem to resolve has to do with pre- market trading. I find the zones very well but my limit price for entry at demand is bided up beyond my price at the open because of pre-market trading and very seldom does it retrace back to my pre-determined entry price. I trade only stocks long. I am considering trading pre-mkt. so as to get my price before the open. Any suggestions? Perhaps you could cover this dilemma in a future article. Thanks for your help in advance!”
Tony D.
As a trader and an instructor in the Extended Learning Track, (XLT), I deal with this problem on a regular basis. In the beginning of the class, I show a splash screen which highlights the supply and demand zones I am watching and even lists four to six trades I am considering for the day. I usually create this list the night before.
In the morning when I am in the XLT, I review… Continue Reading
