Only one trade went to the target, but none of the other trades lost money, so ultimately a good day of trading. This was a day where more money would have been made taking profits earlier, but I like to give stocks some room to hit big targets, particularly if the stop is at breakeven and the entry was early in the session.

There was a good setup in OKE that's not on the day's trading log. I was setting up the trade in ED at the same in the Live Trading Room, and OKE moved before I could plan the trade. The trade went for 44 cents, with a 51.41 entry to a 51.85 target.

BMRN LONG 65.51 65.51 $-
BMRN LONG 65.58 65.81 $0.23 Trail hit.
ED LONG 62.28 62.36 $0.08 Exit end of day.
KMX LONG 42.80 43.35 $0.55
LGF LONG 23.43 23.72 $0.29 Exit end of day.
PLD LONG 41.36 41.49 $0.13 Exit end of day.

Total of $1.28 per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be $1,280 gross earnings for the day.

Wide-range bar setups for the next trading day. The day trade setup is only good for the upcoming trading session.

Entries, targets, and stops are based on the day's likely inflection points, and natural support and resistance. Avoid trade until bid/ask spread narrows.

Bullish Long-Side Setups

BMY Bristol-Myers SQUIBB
CREE Cree Inc
FIO Fusion-io Inc
HAR Harman Intl

Bearish Short-Side Setups

NONE

This is only a partial list of stocks for the Tiger Shark Trading Live Trading Room. The full list goes out on the email distribution list, or is posted in the trading room in the morning. Request your free invitation to the trading room here.

Dave Mecklenburg is Publisher of TigerSharkTrading.com.