Daily Trader: Trading Ideas For August 25th, 2014

Following are our trade ideas for our Daily Trader portfolio for Monday August 25th, 2014. These are short term trading ideas that are normally closed either the same day or in next few days. Trade nimbly.

  1. Holly Frontier Corp. (HFC)
    • Direction: Long
    • Entry: 51.41
    • Stop: 50.56
    • Target: 53.17
    • Pattern: Expansion Candle / Resistance Break


  2. LinkedIn Corp. (LNKD)
    • Direction: Long
    • Entry: 227.67
    • Stop: 223.49
    • Target: 236.78
    • Pattern: Expansion Candle / Resistance Break / Down Trend Line Break


  3. Ross Stores, Inc. (ROST)
    • Direction: Long
    • Entry: 74.54
    • Stop: 73.28
    • Target: 77.52
    • Pattern: Resistance Break / Expansion Candle / Gap Up


  4. YY Inc. (YY)
    • Direction: Long
    • Entry: 88.02
    • Stop: 86.17
    • Target: 90.43
    • Pattern: Pullback In strong Trend / Bounce Off 20-D SMA


  5. Red Hat Inc. (RHT)
    • Direction: Long
    • Entry: 62.68 or ORB (Opening Range Bar – first 30 minute candle) breakout
    • Stop: 61.13 or below ORB
    • Target: 63.70
    • Pattern: Resistance Break / All Time High


  6. ServiceNow Inc. (NOW)
    • Direction: Long
    • Entry: 60.50
    • Stop: 59.36
    • Target: 62.82
    • Pattern: Expansion Candle


  7. Under Armour Inc. (UA)
    • Direction: Long
    • Entry: 70.99
    • Stop: 69.34
    • Target: 73.89
    • Pattern: Resistance Break / Expansion Candle


Previous Trades Update:

Only one of our trades was triggered on August 22nd. We will continue to hold onto Citi (C) long trade maintaining the stop at 50.34 and target at 53.30.

Trades Triggered on August 21st.

  • AEO (long) closed up for a 1.9% gain
  • ANN (long) gapped down and lost 3.1%
  • LOW (long) was closed at the close for 0.4% loss

Please Note: These are short-term trade ideas that we normally close in a day or two. Some of the trades are held longer based upon the price action. If there is abnormal price action then act accordingly to either lock-in the profit or limit the loss. We do send out alerts if there is any abnormal price action. Remember to check this site for alerts and further updates.
  • We usually avoid taking a position if there is big gap-up or gap-down.
  • If there is a gap-up or gap-down then if in the first half hour there is a snap-back or pull-back to our original entry then we take that unless the price ran away too much and then snapped-back or pulled-back
  • If there is no snap-back or pull-back in the first thirty minute then we wait for the ORB (Opening Range Break - a break above or below the first thirty minute candle - in the original trade direction
  • If the entry is based upon the ORB then the stop is usually beyond the other end of the bar.
  • Remember to position size based upon your risk-tolerance
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