Hi Guys,
The market is still going up, although at a slower pace. It had a few booming days late last week, and this week it's moving more slowly but still in the upward direction. The MES futures are around 4,150 right now.
There are no new trades yet today. AMD from the watch list is still the closest to triggering for both stocks and options.
I mentioned in yesterday's email how I set up buy limit orders for tickers on the watch list each morning.
There is also another step I take each day. I check the Triggered List regularly, particularly near the opening bell. If a ticker from the watch list reaches its Potential Entry Price, then that ticker will drop from the watch list and move to the Triggered List.
If I already have a buy limit order open for that particular ticker, then I'll also get a notification from my trading platform that the order was filled. But I can't set up buy limit orders for every ticker on the watch list (that would require unlimited buying power), so sometimes there are tickers that show up on the Triggered List that I don't yet have an order set up for.
If that happens, I simply go in and set up the order for the new ticker that showed up on the Triggered List.
Ultimately my goal is to take the first couple of stock and options trades that set up each day. I use the watch list and Triggered List to help me do that.
If you have any questions or feedback, I'd love to hear from you.