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Approaching the first 30 minutes and prepping for tomorrow's session
2 videos (both less than 5min) and 3 scans to help prepare for tomorrow.
One of the most elusive aspects of a trading system is the approach towards the first 30 minutes/hour of the trading session.
In the video below I walk through today’s action in the first 30 minutes and talk a little bit about what I want to see to be able to execute trades in a confident manner.
There wasn’t anything constructive that I was seeing, so there was nothing to do.
I hope over the next few sessions I can grab a first 30 video and get some transactions on so we can see what the mindset looks like with real money on the line (win or lose).
My mindset in the first 30: (video duration is just under 5min)
Here’s another video covering some of my daily scans and how I organize my system, going from Screening → Watchlist → Focus List.
Another walkthrough in a little under 5 minutes:
In the video above I quickly outline my daily scanning routine. Here are the exact criteria:
Price % Change > 10%
Price > $4
20-day Avg. Volume > 200,000
Highest Volume in 1 Year (V > every day over past 250 days)
Volume > 500,000
Price > $5
Volume > 5,000,000
Price > $3
Price % Change > 1%
Hope this helps you in some way.