Trade Setups for Thursday 9th June 2011

Trade Setups for Thursday 9th June 2011

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Watch ideas

Long

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Short:

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TRADING THE OPEN

During normal market conditions our regular setups generally do very well regardless what time they are taken. Trading right at the open always adds risk. It is recommended that new trades not be taken for the first 5 minutes the market is open. I will treat each new trade that sets up during this time as a gap trade and wait till the stock comes back and takes out its 15 minute high or low.

Trading is risky. It is our job as traders to reduce this risk and increase our chances of success.

IMPORTANT: Take only the opportunities that you really like and understand. Always enter a trade with a trading plan. If you have any questions, please feel free to ask me. There is a much greater chance of success in your trading if you understand the trade. That is very important. Taking just a few trades is enough to be a successful trader. Overtrading is probably the number one reason new traders fail. I personally mostly take swing trades. Please remember to keep that in mind!!!!!!!!!!!!!!!

If you have any questions, please feel free to contact me.

Good luck trading today!

Ivica Juracich

XpertStockTrader.com