FSLR is the trade I entered today, and I’d like to put it in the best tradable pattern category. Why? Let’s see:

FSLR started today way below yesterday’s low because of earning disappointment. It tried to close gap as shown in early morning green bars, but failed to break through the 10sma resistance, and started to go down. It tried again, but again failed and broke the $140 decade number. Got a bit of support by that number, but after the small dogi, it resumed the down trend and gives a …

Today’s trading is not bad, except for one trade: MCP, which I lost big–$233 after commission. I did obey the rules–I entered at break out point, wait for less than 10min and find it didn’t go my way, then I exited immediately. However, the problem is, I entered a wrong trade: an intra-day trade. Take a look at the stock below.

Intra-day stocks are stocks whose price is between yesterday’s low and high. Usually these type of stocks have a unpredictable movement and should be avoided. The best tradable stocks are …