I noticed a flaw in myself that stopped me to miss big moves. This flaw was that if I was watching a stock and it did not do the move I wanted it to I would lose track or forget about it. Then come the end of the week I would look at it and realize that it did eventually make the move I just missed it.
What I decided to do was create an excel spreadsheet by the week instead of by the day. Each week when I do a watch list I will post this document so you could use it as well. This is for an idea on what to watch for and not what is going to happen so play these stocks at your own risk.
If you will notice some of these stocks that I post are on Cam's watch list or others like that. I will never take credit for their picks but rather show you what I am watching on a weekly basis whether it is my find or something else's.
This is APS pick and the main one that I am watching. I want to save all my day trades for this stock. What I am waiting for is that big pull back day before it starts to go higher. The range that I am looking for is .17-.19 since this is around the lowest points since the promo has been started. I expect a dip to somewhere around these levels. Now once I get in around these levels I will use the previous day as a stop to enjoy the ride back to promo highs. My sell point that I am looking for is around .30 where I will take profits.
My stop loss on this trade will be .15 since that seems like a good mental stop.
Here is the file that I uploaded. I will update it through out the week as I add more to my watchlist:
Disclaimer: Again all these plays are at your own risk and I am not recommending that you buy any that you see me post.