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To the question of those high entry points, given the history of those two stocks running up then selling off, are you not putting yourself at risk of stopping out. The risk reward doesn't seem to be there.

Let's move this discussion back where it belongs. So are you still holding TZA? I don't trade the premarket so I have no suggestions. Where was WATT trading premarket that would justify a 6.20 entry? Looking at the past few weeks this stock (WATT) has spiked up and then come back down...

Appreciate your real time post. Are you willing to discuss the reasoning behind these trades.

Gotta ask. What is the significance of (Fainer) in the thread title? Thanks for taking the time to post real time.

Do you have exit targets for profit and loss?

Can you comment on the order type. I've never used OTO, only bracket orders. If stock gaps past your stop order at the open does it fill? Is there a reason for the trailing stop to be an even dollar? The percentage loss you might have to take if you have similar dollar positions would vary...

But that is what traders do.

How are you managing these as the market advances after the open? Are you trailing a stop, scaling out or holding?

The "Go bears!" sounds like cheerleading; perhaps a short skirt, some pompoms and a flash of cleavage will help. Please continue to post as you manage your positions to help us understand your strategy.

Are those your only positions or are you hedging with something you are not showing?

My suggestion is to pick one, either day trading or swing trading. Given what you revealed about your discipline to follow your plan you are likely to turn day trades into swing trades. If you don't follow your plan when day trading what makes you think you will follow it when swing trading...

How did you handle these trades this morning?

The trading strategy is part of the plan, it is part of the action plan to achieve the goals set out in the plan.

I'd qualify that with more money than I could have made by investing in an index ETF.

I'm not sure. It depends on what your trading and why. I first developed a plan because I read that one of the reasons traders fail was lack of a written plan. How many times have you heard; "Plan your trade and trade your plan"? Google SMART plan. That is where I started. I then wrote what I...

Those who sell early also state the myth "You can't go broke taking a profit" And then there are those who claim "You don't have a loss until you sell"

There is some kind of unwritten trading law, a subset of Murphy's, that says when you post live trades on an internet forum you will lose until you stop posting.

I understand. My edge is my trading plan and my ability to follow the plan. Both are integral in my success. Without a plan I wouldn't know what to do. Without the discipline to follow the plan, I wouldn't know if problems were caused by the plan or the trader.

I've heard somewhere that if you can't define your edge you don't have one. My system is a good definition if you can define the system.