March 20, 2011

Questions to Ask everyday

Be critical and patient when entering trades
What is my game plan?
Is it a “take your trade” type trade?
Is it a A,B, or C type trade?
Is the stock in play today? (Large opening gap, percentage wise)
Is there open space for the stock to have a move?
Is it trading above average volume?
Is it a leader or laggard of its sector?
What did the stock do after the first hour? Gap fill or not?
Did the stock have a gap open yesterday?
Did it fill the gap?
What does the daily chart look like?
What does the 30 minute chart look like?
What does the 15 minute chart look like?
Timing in on the 1/5 minute ?

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