GOOG - EARNINGS GAP DOWN - TRADES

 

DAILY

1MIN_APR15, 2011

1. PLAY WITH THE TREND; COUNTER TREND MOVES ARE FOR SCALPS ONLY (EXIT ON FIRST SIGN OF WEAKNESS)
2. BE MENTALLY AVAILABLE TO  TRADE EACH SETUPS INDEPENDENTLY OR HAVE CORE POSITION TO ADD TO. NO BS DISTRACTIONS, NO EXCUSES
3. BE MENTALLY AVAILABLE TO CALCULATE RISK BEFORE EACH TRADE. AND ACCEPTING THE RISK VS. REWARD POTENTIALS.
4. LET THE MARKET TAKE YOU OUT, RATHER THAN GETTING OUT BY THE "AFRAID TO LOSE PROFITS" MENTALITY.  TRADE WHAT THE MARKET IS TELLING YOU, NOT WHAT YOU ARE AFRAID OF. 
5. A STOCK CAN GO DOWN/UP FURTHER THAN YOU CAN IMAGINE. ESPECIALLY WHEN TRIGGERED BY SPECIAL NEWS/EARNINGS.