FLAG PATTERN BREAKOUT ON $SCTY – SOLAR CITY

Trading is one of the hardest things to learn. In the beginning you will make numerous mistakes, and without making mistakes and having losing trades you will not progress and learn as a trader. It took me a while to start recognizing different patterns in the market each day. After a while you will start to see some of the same setups repeat and you will start to learn how to trade those patterns. Here is a video that I  put together for the flag pattern breakout. This is a live trading video, I recorded my desktop live for the first hour of trading while I was trading $SCTY or Solarcity.

I edited the video to help you see how I made the trade from point A to Z,, the entry to the exit and the profit I made. This video will help you see what a Flag pattern breakout is. This is a very common pattern in the market that you see over and over each day. The key is to start recognizing the pattern and understanding when to take the trade. I hope this helps.

My Camtasia trial is running out, does anyone have a desktop screen recorder that I can use for free??!!

 

 

 

 

 

WATCHLIST FOR 7.9.13

It has been a while since I posted anything, that is because I am going through a transition of new brokers. Currently signed up with a prop firm. In my opinion its so much better than a retail broker if you are day trading. I do have a account with ThinkorSwim and Tradeking but the Prop firm I use has DAS Trader, I love that platform. The speed to execute trades is unbelievably fast! So for now I will stick with DAS and trading with a Prop Firm, who also gives me massive leverage for trading.

 

Here is my watch list for tomorrow.

 

1. CLDX–  Celldex Therapeutics–

The Street has this stock as a sell, This stock plunged today, down 7.8 percent or $1.66. I believe this stock is oversold and we should see a nice bounce tomorrow. Look for a long setup on entry.

2. ACRX-  AcelRx Pharmaceuticals

ACRX broke out today. Looks good on the daily chart. Support is at $10. We could see day two of breakout trading on this one or look for a pullback for a short.

3. VOXX- International Corp.

Set to release earnings on July 10th.  Wall st. and analyst have close numbers that earnings could go either way. Keep a eye on this one in the next day and watch for earnings report for either short or long.

4. CLNT- Cleantech Solutions

It pulled back after it announced earnings potential for 2013. Could possibly see a breakout tomorrow. Held the 20 day moving average.

5. LINE- Linn Energy

There was some talk about their accounting practices, and the stock tanked last week. Its slowly climbing up now, I think it still has room to go up, look for both long and short setups.

6. KNDI- Kandi Technologies Group

Company raised cash and held the dip today after the breakout. Day 2 of breakout, look for long setup

7. MU – Micron Technologies

PC Market has declined and this stock has been on the run. Its flagging now. I am looking for a short if it cracks the $14

 

MISC Plays:

ANAC – There was some inside buying a few weeks ago. stock is up, I am looking for a small pull back.

 

I also always keep a eye on the solars: SPWR, JKS, JASO, RSOL, CSIQ, SCTY, TSL

 

These are the stocks I am watching for tomorrow, will see what plays out and whats happening in pre-market. Look for good entry points and exits.