First of all, let me cite a quote from Markus Heitkoetter of Trading Markets.com, “The biggest enemy to your trading success is not the market. It’s YOU. And you are your biggest enemy because of your emotions. A profitable trading strategy is not enough on its own. You must also have the right mindset if you want to be one of the only 11.5% of traders who actually succeed.
In the day trading business, allowing your emotions control you will lead to serious disaster. Therefore, you …

There are two stocks with great patterns today. I did one and missed the other.

WYNN is the one that I entered, a little bit after it broke out its early morning high. The entry time is at 9:55am. I was a bit hesitant because at 10am, there is economic news. However, the momentum was great and the trend was very clear. So I entered. Also, as we can see on the chart, WYNN started the day right above yesterday’s high, and below the day before yesterday’s high. It was supported …