Wall Street Nole’s Morning Stocks to Watch for Day-Trading

hot coffee35 “Oh, the best part of waking up…”

Happy New Year form the SharePlanner trading community. I hope it’s prosperous and successful for all.

Lots of Employment and payroll data coming out today so make sure to work your trades around them. Could be a quiet Friday in terms of range so if you’ve make your cash this week it could be a good day to let the market chop around.

Check out some of today’s highly anticipated stocks to day-trade while you have your morning coffee.

Morning Coffee – Day-Trading Watch-List
1	$SREV- This low volume runner took off like a rocket ship yesterday. Ryan Mallory nailed it live in Splash Zone initiating a swing position at $6.03. Traders were rewarded with a 5% surge from there. I think this stock may have at least one more day in it to the long side.
2	$FLO- Great run on this stock yesterday hitting an all time high of $24.82. It moved about 3% yesterday and could have low risk entry points going forward. With the technical pattern it would not surprise me if institutional money started coming in.
3	$UA- From the Wall Street Nole’s top 15 for Splash Zone members, UA was given an upgrade today by Credit Sussie. This will most likely be the top stock on my watchlist this morning as it trades up in PM.

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What do you do when the best trade setup that you can find is a stock that you already have a position in? Should you trade a stock that you already have a position in and exponentially increase the size of that position? In this podcast episode Ryan explains the circumstances that allows you to increase your position size in an already profitable trade and how to manage the risk in doing so.

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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.