Technical Day Trading Journal

Yesterday I could have made 30 cents per share in a momentum trading, but the trading application just didn't respond.

But that's alright though, I think I got the trick. I should enter a position at the support level if there is any and not in the break out level, I think that this thing will give me the edge.

So far the only thing that truly worked for me was momentum trading. Another thing that I am aware now is that there is only one price correction, the stock is going up or down and then there's a range of support and resistance and then there's a break out. If you missed that, you probably won't get another chance.

I've assembled a list of stocks for day trading.

I was looking for stocks from the S&P and Nasdaq100 that made a move of more than $0.5 in a 5 minute period, 5 minute candle that is. I counted the times for each stocks and here is the top of the lists:

These are the stocks for day trading from the S&P 500:

X

FCX

CNX

MEE

WYNN

APC

PNC

WLP

BTU

HES

SLB

ATI

DVN

CAT

HUM

CMI

UNP

EMN

ETN

PXD

And theses are the stocks for day trading from Nasdaq 100 :




 

WYNN
JOYG
RIMM
APOL
ILMN
GENZ
CELG
CHRW
CEPH
LIFE
SIAL
LRCX
FAST
BIIB
NIHD
AMGN

   

Today was a great day.

I entered 2 trades and both of them were profitable.

I used the same stock twice, AIG, this stock was soaring...
















I noticed that stock in the scanner, and noticed the flag, I entered at 25.56 and exited on 25.70, 14 cents profit.

then I entered again, after the stock broke out of the resistance.

Note the huge volume, this made me very sure of those trades.

The second trade made me 12 more cents and since I'm trading 100 stocks in each trade I made 26 dollars today!