Live Trading Room Stock Setups For July 24 |
By Dave Mecklenburg |
Published
07/23/2013
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Stocks
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Unrated
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Live Trading Room Stock Setups For July 24
Today's trading brought us a lot of small losers and one big winner. When I have a bunch of stop-outs, I often suspect higher volatility in the market, but I'm really not seeing the higher volality. The small losers today are more likely a product of very small stops near inflections points. Smaller stops will increase the likelihood of stop-outs.
The big winner is a good reminder of the overall trading philosophy that I employ. Your winners must be significantly larger than your losers. You ride your winners and cut your losers.
AFL LONG 59.98 59.85 $(0.13) AFL LONG 59.96 59.96 $- EW LONG 69.85 70.68 $0.83 OSK LONG 41.66 41.58 $(0.08) OSK LONG 41.66 41.56 $(0.10) DIS SHORT 64.58 64.58 $- LEN SHORT 34.98 35.12 $(0.14) VIAB SHORT 73.72 73.84 $(0.12)
Total of $0.26 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $260 gross earnings for the day. $8.00 per share for the month. 1000 share per trade would be $8,000 gross earning for the month.
Wide-range bar setups for the next trading day. The day trade setup is only good for the upcoming trading session.
Entries, targets, and stops are based on the day's likely inflection points, and natural support and resistance. Avoid trade until bid/ask spread narrows.
Partial or unedited list of setups. Complete or edited list goes out by email. Subscribe to the distribution list here.
Bullish Long-Side Setups
BLOX Infoblox Inc EW Edwards Lifesciences FRC First Republic Bank GG Goldcorp Inc HXL Hexcel Corp MUR Murphy Oil NEM Newmont Mining PSX Phillips 66 RGLD Royal Gold Inc VMW VMWARE Inc
Bearish Short-Side Setups
ABC AmeriSourceBergen Corp CHMT Chemtura Corp ERJ Embraer SA EXPD Expeditors Intl of Washington INTU Intuit Inc OII Oceaneering Intl PENN Penn National Gaming SHLD Sears Holding Corporation STX Seagate Technology WDC Western Digital
Dave Mecklenburg is Publisher of TigerSharkTrading.com.
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