Early Morning Range Breakouts using time and sales

DISCA Short 2500 @ 50.69
Stop @ 50.77

TSLA Short 1900 @ 30.56
Stop @ 30.78

Exited @ 27.98

Exited @ 30.29

Exited 50.69

Daysummary















Trying to use position sizing now (risk $ 200 per trade).
Notice that the commissions get pretty high when trading +1000 shares per trade.

BBBY - Breakout failed. The resistance line did its work very well.
CTSH - Not an early range breakout, but it looked at me as a good short at the time (due the double bull trap). I may could had a better breakeven exit, but you got to draw the line somewhere.
ROST - got in too late and got out too soon, most of the times this is a good thing, but this time it didn't work out well. I really should have waited till the ema broke.
CRZO - Got a good entry and exit.
DISCA - It was near the end of the move before it reached the other side of early range. So I probably should have passed on this trade (or use another strategy) to trade this stock.
TSLA - Again not an early range breakout, but more a daily breakout. Nice and easy trade.

Glad I'm not the only one who trade this strategy ;-).
I'd like to hear about your modifications. You can send me an e-mail if you don't want to post it here.

I will not yet connect you on facebook due privacy reasons.

Hope to hear more of you.

Cheers

Hiya Robocop

Great trades and thanks for starting this thread.
Apologies for asking to connect on facebook, thats all cool.

I appreciate you trading style as its the one I am using after tarding for over 6 years, and one that I have found consistently successfull for my style. I like the fact that you dont carry on any trades after the close, which is what makes daytrading so brilliant!

I wasnt trading yesterday, but these are the trades that worked.

3 challenges that I am finding at the moment is.

1. Although I am using 4 pc's. I often enter trades late as I can only seem to get to a finite number to be sure of the trade, this reduces the profit in the trade.
2. Because I dont have enough monitors, I also dont see the trades setting up in time.
3. I am in the uk, and using spread betting. some of the stocks are not available to spreadbet, sometimes when they are, IG INDEX doesnt allow you to short a lot of stocks. Which is frustrating when a stock is setting up nicely and then you find you are prevented from trading it.

Somesh