Understanding what got us to this point will help keep us on track into next week. The HPS watch list has been on fire these last 3 weeks and I feel the research is the main part of the success we are having. Each Friday when we close out week I have the notion in the back of my mind that the setups will not be as easy to see for the next week. This is not the case for next week, but even if it were we need to understand that being successful in the market is not just about finding great setups and taking them, but to hold off on taking setups that don't fit the strict criteria. Not trading is fine when you have nothing to trade.
But like i said I have a nice line up going into next week I also break them down into my top 5 Trades for next week.
The first part of the video I discuss the market conditions and continued strength we probably will see tomorrow in first part of the day.
I did start back into some Spy Puts today and will be looking to add to those tomorrow especially if we close near the highs tomorrow. I would like to get some hedges into the close for early next week, while maintaining my longs in the HPS stocks. (I do have some shorts in KMB)
The first part of the video is a review of what patterns we been trading and the second part is the HPS preview with the top 5 that section starts at the 18;20 mark.
The Full Members Video can be found here http://daytradingradio.com//10for1000
If you are not a member you can watch the first half and it has 2 of the Best Bets
you can view the video here https://youtu.be/MAeshAsTcRs


Looks like a great end to the week see you in the markets
DayTraderRockStar
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