GMan did a great job of preparing our desk for today’s open.   Here were his top three intraday ideas:

1) Buy PG at 60

2) Buy WFMI if it holds above 27

3) Buy CVS if it holds above 29.11

1, 3 were important intraday levels learned yesterday.  2 was a longer term technical play.  None of these plays took inspirational genius.  But they did require the undervalued skill of being prepared everyday.

Trading can be challenging at times, infuriating at worst.  The technical set ups that spawned these trading ideas WILL NOT work every trade.  But they will if you make them a thousand times and then check your results.  But this is the whole ball game.  Will you sit in your seat, properly prepared for every easy trade, pull the trigger, and avoid sabotaging your results?

I bought PG at 60.03.  Chop!  I bought CVS above 29.11.  My first trade was a rip.  My second was a chop to 30.  I missed WFMI.

Lesser traders do not make the trade in CVS above 29.11 the second time.  Underperforming traders find ways not to get long PG.   Partners overworked miss the WFMI trade (oh Bella no excuses!)

These were all easy set ups.  The hard part?  Was there really a hard part?

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