Day Trading Labels
1.
Changing Fundamentals (Blue Sky) (refers to no resistance / support in sight)
a.
Can also be a subset of the trend trend trade
b.
News release that changed long term fundamentals
c.
20% - 50% + volume done pre market if part of
earnings release
2.
2nd Day Play (Blue Sky) (refers to no resistance / support in sight)
a.
In play stock day 1
b.
Closed in top or bottom 20% of the daily range
c.
Can take as swing from the first day with half
size
d.
Trade off key levels from day 1
3.
Trend Trend Trade (Blue Sky) (refers to no resistance / support in sight)
a.
Long Term and Short Term Trend Align (Daily /
Intraday)
b.
News Catalyst in direction of trend
4.
Technical Breakout Trade (Blue Sky) (refers to no resistance / support in sight)
a.
Align with key levels in market
b.
Consolidation periods are best
c.
Level should be 7 or higher
d.
1st test of key MA or VWAP
5.
Technical Support Trade
a.
Align with key levels in market
b.
Consolidation periods are best
c.
Level should be 7 or higher
d.
1st test of key MA or VWAP
6.
Gap and Go (Blue Sky) (refers to no resistance / support in sight)
a.
Stocks holding above gap level at 8:15a (MST)
7.
Gap and Fade
a.
Gap into resistance or support area
b.
Gap fails to hold after 10:15a (MST
8.
Opening Drive Play
a.
Multiple (3) + 5 min candles fail into same
level and then break above or below
Subsets of Macro Day Trading Labels
1.
Tight consolidation
2.
Tight consolidation above/below key level
3.
Multi day support / resistance (1 hour chart)
4.
VWAP test (combined with key level)
Trade Labels
1. Move2Move
2. Trade2Hold
