As a day trader this is what you live and train for…opportunity! Be alert, be keen, and be prepared to exploit the opportunities. Today’s action provided trades and set-ups galore to set your sights on and use your arsenal. You had “In Play” stocks like ANR and HPQ offering both tape reading and level trades. There were relative strength plays like SLW,GDX and C to the long side early and CLF and FCX on the short side. You had trades to hold and trades to get bigger in like ANR.  Today’s action just served up so many opportunities if you were prepared. Are there battlegrounds, NFLX, and chop fests,  LVS early, of course.  But days like today you shouldn’t be wasting time and money in them they are too hard. Days like today offer easy plays that you can get in and stay in. These are the plays you have to be able to find and exploit. The tools are there, SMB Radar, high/low tickers and alerts. Do you have them? Are you using them? Are you using them correctly? If not, why not? Isn’t it your job to find the opportunities when they are available and fully understand what type of play it is and how to trade it. Days like today don’t happen every day but when they do you have to take full advantage. Whether you are sitting on a trading desk or trading from home, day trading demands you put in the work required to capitalize on days like today. Did you capitalize today?

Jeff Davis       @Shaq48_Trading     [email protected]