A few stocks, like GNC and ICON, made nice moves near the open, but there were no acceptable stops to take the trades. I control my risk first, then I worry about profit. Sometimes I miss good trades, but in the long run, I prevent myself from taking big losses. Your winners need to be bigger than your losers.

Most of the day's trades were for small gains and losses. I found a lot of good, tight stops, but the stocks just ground out the afternoon.

HRB LONG 28.26 28.17 $(0.09)
HRB LONG 28.23 28.16 $(0.07)
ICON LONG 28.38 28.42 $0.04 Exit end of day.
WOOF LONG 24.14 24.08 $(0.06) Exit end of day.
AEM SHORT 30.70 30.82 $(0.12)
IP SHORT 47.29 47.18 $0.11 Exit end of day.

Total of ($0.19) per share. Multiply average share size to estimate gross earnings. 1000 shares per trade would be -$190 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

ACN Accenture PLC (Ireland) NEW
ADSK Autodesk, Inc
BAX Baxter Intl
CNK Cinemark Holdings Inc
MOS The Mosaic Company (New)
TSLA Tesla Motors Inc
UTHR United Therapeutics
VMC Vulcan Materials

Bearish Short-Side Setups

AET Aetna Inc
FDO Family Dollar Stores
TRLA Trulia Inc
UNXL Uni-Pixel, Inc.

Additional stocks may be posted in the Live Trading Room in the morning. The room opens at the opening bell. There is no pre-market analysis or chat, because pre-market data has no effect on how or what I will trade. There are typically no trades within the first 15 minutes of the market session. Request your free invitation to the trading room here.

Dave Mecklenburg is Publisher of TigerSharkTrading.com.