Tue Sept 8th
Looks like a lot of opening gaps up this morning, like casino stocks MGM LVS WYNN, which is great since I loaded up on MGM into Friday's close:



I usually sell opening gaps up in my favor at the first sign of a bear cup, eg loss of prior support; considering what to do here (it's right near 9am premarket as I'm writing this). I'll probably sell a bit of my 700 shares MGM if it loses support of the 8.9 or so.

====================
TRADING TIP OF THE DAY:

Daytrading University Trading Strategy Note: I like buying strong stocks into the close, when I "shop for stocks" during the last hour of the market day, for overnight holds, I'm looking for just 2 things: a) is the NASDAQ Composite market taking out day's highs? if so, then b) which stocks are closing on higher-than-usual volume, at the day's high? Then I'll buy those stocks, usually small shares to initiate the position. If it's a stock I know well, like MGM, then I may go deeper, as in this one.
====================


Today: I'm Keeping NVAX HLCS MRVL on radar (I'm in all three, and many more), looks like AIG down premkt, we'll see where it travels today as well.

Remember, specific alerts for many stocks are available daily via http://www.chartscans.com for members.

Opening-day-of-week sessions have been more volatile, upside movers for many of our prior weeks, we'll see what today's session brings; nice strong premarket futures chart here, 4-point uptrending range so far:



Should be a good day for trading.

Winning P&L Trades So far today: Update 11:37am Sept 8 2009
Made some money in MGM so far today, nice P&L to start the day off with:


I won $512 in successful trades today so far -- nice way to start off the week!



3:54 pm update: buying back some MGM into the close here

============================
Note these are not to be construed as trading recommendations; consult with a registered investment advisor prior to making any trading decisions; by reading this you hereby agree with all terms at www.daytradingu.com/disclaim.htm and agree to not make trading decisions based on the information contained herein. These are some, but not all, of my actual authentic trades, note that results are not typical for what other traders may do; as I'm a very experienced trader, individual trading results will vary. They are presented as examples of what me, a highly experienced trader can potentially accomplish; most traders will probably never do this well. But hopefully you'll get close!