Nice quick chapter that summarizes the day after Chapter 9. Basically a recap of how the stocks ended up trading after the Trader Checklist analysis the day before. Some very useful trading psychology discussion is included as well. Its very general but nice to hear post mortem how Sykes was thinking and how he works through these types of trades.
I liked the points about avoiding pre market trading unless the setup is just too juicy to skip, as well as the difference between a “convincing” breakout and a “lame” breakout (with examples).
While quick this was a good chapter, I think it was a solid idea to go over the trades from the day before and Sykes sprinkled in enough Trading Psychology to make this chapter high in value.
Mid day recap – Daily review
User testimonials and trade recaps
TSRI Recap – Earnings winner
Avoid pre market trading when possible.
Discussion of when and how to buy morning dips
Good basic support/resistance technical analysis discussion
DELT – Dip buy
Convincing breakouts vs lame breakouts
DELT recap – trader checklist – hindsight
Discussion of “robot thinking” Trader Checklist is still just a guide. Not written in stone.
Good psychology discussion on DELT
Level 2 discussion