Creat My Trading Strategy-Track my strategy




1,Create strategy
2,Track ,Test strategy,how frequence of the strategy??
   The more date I have, they more confidence I have.
3,Track &Keep Risk management

Rules:
1, Stock price :1$-15$ 
2, Trading time : 6 am-8 am
3, Wake up :6am,prepare and plan 20mins before entrying trade. write down which set up use, and where stop loss ,target. 
Entry request :

Scalp : Line to Line

1)read the Tape , see if heavy? if sellers are in control?
2) Risk :reward :1/3
3) Set the Limit order
4)If miss the entry, wait for next set up !





A: Gap -Spike-Crack Short 
Criteria :
1)Float : above 2M (or tape look heavy, heavy resistance above)
2) Premarket Volume : 100K
3) Resistance (over 20M), if under 10M ,it not work.find the correct resistance, if it's not    clean, find the most consolidation are, and the highest level as resistance.

 Note:
   ** Check Daily Chart on "Big chart" to confirm the resistance if the chart is right with        thinkorswim.
   **Resistance can base on pre market high or whole /half number area.
   **Check the chart history, what the stock like to do after they parabolic before? drop or         hold ? most likely repeat history behavior .
  **Compare the volume history traded, if the volume intraday higher than history            chart, trade like a clean chart
  **Shorting into Parabolic in the afternoon higher winning rate, shorting into resistance and      history Resistance higher winning rate.

A: Gap and Crap hold Long
Criteria :
1) Catalyst . Good news, : receive fund , down payment, Merge, earning winner
RS with good press release,
2) Low float 
3) Clean chart, no heavy resistance above (10M-20M)
4) Immidiately drop at open, but not too severe.Hold pre market spike at least1/2
Buying volume shortly afterwards.


Note : 

***Find the correct resistance, 
***If the tape fell heavy, it is not a Long !



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