Since day trading is a lot about recognizing the patterns in charts, I have decided to post a chart every day that would have resulted in a profitable dummy trade. I will post these in the dummy-a-day category which you can simply click to review for practice. The chart will be displayed as it looked when the trade should have been executed, and when you move your mouse over the image, it will show how the trade would have resulted.
BQI set up nicely this morning:

If you bought BQI when it broke above the 10:30 inside candle at $4.87 with a stop below it at $4.79, you would risk 8 cents. Holding until the end of the day would have given you 50 cents per share, or 6.25 times your risk.

NITE would’ve been easy to spot with the big gap up and lots of volume. A trade off of the 30-min candles would have worked, but nothing too exciting:

If you bought NITE when it broke above the 11:30 inside candle at $14.41 with a stop below it at $14.19, you would risk 22 cents. Holding until the end of the day would have given you 51 cents for every share you owned, or 2.3 times your risk.

STP got killed today but, if you don’t play the open, it was difficult to find a low-risk spot to go short. If you tried a dummy setup on the 30-minute candles, it would have paid off, but not as well as some other trades:

If you shorted STP when it broke below its 12:00 candle at $61.37 with a stop above it at $62.38, you would risk 101 cents. Waiting to cover until the end of the day would have given you about 213 cents for every share you were short, or about double your risk.

High-flying MOS gapped up and formed a very nice base before breaking out smoothly in the afternoon. A nice and easy pattern to trade if you have the patience to sit with it for a few hours:

If you bought MOS when it broke above the 12:30 inside candle at $103.77 with a stop below it at $103.10, you would risk 67 cents. Holding until the end of the day would have given you 538 cents for every share you owned, or over 8 times your risk.

Damn, TITN is one of only about 25 stocks on my watchlist and I missed its super-strong 30+% move today because I wasn’t watching it. I have to be more careful with that. All of the stocks on my watchlist should be on my real-time watchlist with my broker just in case they decide to run. Wow, what a move. I like the look of this brand new stock.
It also had a very nice dummy-type setup this morning:

If you bought TITN when it broke above the 10:30 inside candle at $14.66 with a stop below it at $14.49, you would risk 17 cents. Holding until the end of the day would have given you 234 cents for every share you owned, or about 14 times your risk.

APOL set up with a nice inside 30-min candle this morning. Did it pay off?

If you bought APOL when it broke above the 10:00 inside candle at $80.51 with a stop below it at $79.46, you would have been stopped out almost immediately. Why didn’t it work? Maybe it was too extended after yesterday’s run? Not enough volume?

I’m going to start posting trades that would have failed as well as these winning trades. That way there will be more mystery and anticipation before you hover your mouse over the chart. And maybe it will help to see the differences between winning and losing setups (if there are any such differences).
ISRG set up for a nice low-risk entry. But did it pay off?

If you shorted ISRG when it broke below its 10:30 candle at $288.62 with a stop above it at $290.83, you would risk 221 cents. Waiting to cover until the end of the day would have given you about 1689 cents for every share you were short, or 7.64 times your risk.

Since day trading is a lot about recognizing the patterns in charts, I have decided to post a chart every day that would have resulted in a profitable dummy trade. I will post these in the dummy-a-day category which you can simply click to review for practice. The chart will be displayed as it looked when the trade should have been executed, and when you move your mouse over the image, it will show how the trade would have resulted.
VRUS set up for a perfect dummy trade today:

If you bought VRUS when it broke above the 10:00 inside candle at $16.15 with a stop below it at $15.72, you would risk 43 cents. Holding until the end of the day would have given you 415 cents for every share you owned, or about 9.65 times your risk.

Since day trading is a lot about recognizing the patterns in charts, I have decided to post a chart every day that would have resulted in a profitable dummy trade. I will post these in the dummy-a-day category which you can simply click to review for practice. The chart will be displayed as it looked when the trade should have been executed, and when you move your mouse over the image, it will show how the trade would have resulted.
Traders might have spotted BLOG because of the heavier than usual volume coming in as it was breaking down. Dummy traders could have made a very high risk-to-reward trade today off of the 11:30 candle:

If you shorted BLOG when it broke below its 11:30 candle at $27.87 with a stop above it at $28.02, you would risk 15 cents. Waiting to cover until the end of the day would have given you about 255 cents for every share you were short, or 17(!) times your risk.

Since day trading is a lot about recognizing the patterns in charts, I have decided to post a chart every day that would have resulted in a profitable dummy trade. I will post these in the dummy-a-day category which you can simply click to review for practice. The chart will be displayed as it looked when the trade should have been executed, and when you move your mouse over the image, it will show how the trade would have resulted.
Gold really shined against the red of the market today, and ABX set up for a nice dummy trade:

If you bought ABX when it broke above the 10:30 inside candle at $44.01 with a stop below it at $43.64, you would risk 37 cents. Holding until the end of the day would have given you 202 cents for every share you owned, or about 5.5 times your risk.