FSLR Profit today

FSLR was a great short when the it formed the red bar ignored (RBI) pattern. I started small and added to the position. Exited close to the whole number. It went much further down later after consolidating in the range of 43-43.4.. nice short play

MELI - big move

MELI - big move that happened quick and finished quick. Such plays are best to take profit at early

DDD 5 min play

Played DDD on 5 min looks great. Also check out the lunch time pattern. Most of the charts is like this for lunch time.

See how the 1st 5 min bar held. Playing such pattern always or most of the time works well.

BAC - Don't play lunchtime

BAC - can be played when it had a break out but range is small so tough to do day trade with BAC.

One thing I wanted to point here is that though the lunch time 12-1pm looks good break out, NEVER play it; Most of the time this fails.. sometimes it works like in this chart

ARNA play - tough to play such gaps for day trade

Usually don't trade such stocks for day trading.. Don't even like it for swing trade or long term trade purely by technical reasons.

If there is fundamental reason to play.. then go for it.

TSLA play this morning.. worked nicely

Telsa worked beautifully, holding the whole number 56 was key for this play, once it held, you can add and exit on the way. Again exit on 57 was key. Can go up during the day.

LINE short sell play

When you see such patterns, where the stock is consolidating, it is a good idea to play it for quick gains. Have to be careful in such plays since the charts may do a false breakdown or breakout and then go in reverse direction.

In this case, it worked fine and take profits in the prior support area as shown. The Risk Rewards are generally good since the stops are very tight which is also risky since you may be stopped out by one tick.