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Trading SystemJoker Trading System : Stocks : prevnext Open Setups Support Resistance

If you are watching stocks from the day before, determine support and resistance levels that you may be able to derive and "IF/THEN" scenario. If the stock holds "x" support, then I will enter long with a stop on the break of support.

If you have access to a stock scanner or list of pre-market movers, place ones of interest onto your Level 1 screen for monitoring.

Remember that you don’t need to try and monitor "all" the stocks with activity. Try to narrow your focus for the open.

During the last 10 minutes of the pre-market session, try to develop possible if/then scenarios on those stocks. If you do not have any developed for the open, wait for the stock to define a range and trade from that.

Calm yourself. Prepare for the open with a clear mind and readiness to trade. Do not pressure yourself to trade however. Instead, let a trade setup occur and be ready to take it, if it shows up.

Vadim Graifer

scalping master at nasdaqscalper.com