Stock Market Morning Prep Video | March 26, 2015
In today’s morning prep video Mark reviews how to prepare your game plan when there is a large move in the futures market overnight/pre market.
This is trading video is an important lesson in planning how to trade the open and what to expect for the day. A gap down, after a large, high-volume day of selling-in an established up trend, sets up a side ways choppy day of trading. Quite possibly a morning to look for a place to be a buyer if the first push off the open shows capitulation volume.
The interesting thing is this is a pattern that can be triggered for both day trades or swing trades.
Many traders I have spoken to this week are losing money on the long side. Today’s open should offer opportunity but you need a definitive game plan and discipline to participate. Potential change of trend is always the hardest area to trade.