Fast Money Trading

I know it sounds like a repeat of last week, but WOW. 200-300 point swings are becoming very common. Although I had 2 losing days last week I still did pretty good though not what I had expected. The overall Stock market seems to be heading much higher by year end.

Our six stocks are all very tradable in the first 60minutes of trading. Throughout the day the 2 high/low numbers that your given each morning are pretty wright on. Some one recently asked me how I trade them. Remember I strive on keeping it simple and following my trading rules. You are only following 6 stocks so I draw a line at each of the high and low #'s. This is my buy or sell points. Two ways to do this if you setting in from of you dashboard then I apply all my knowledge and always do a market order. On the other hand if you want to put stop orders in that is fine also. You can get a little fancy and put an order to trigger when it hits a certain price to trigger another type of order usually a trailing stop. I have found it a little more profitable to just get out at my goals. I never had had a position in all six stocks at the same time. Occasionally you might have 3 positions but that seems rare. Again I do not want to go home with an overnight position. That is just more risk than I am willing to accept. Remember how much 1% a day is?

RESULTS using FIRST 60 MINUTES OF TRADING - https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE