Bright Trading Pre-market Check List

• Review news articles via Yahoo or other sources on your stocks and their sector.
• Briefing or similar for Upgrades/Downgrades. Earnings. Economic announcements. Don't be blindsided.
• Check overnight and pre-market activity. Adjust only if actual trading at significantly different prices.
• Listen to TeamSpeak (or other Morning Call) for daily information.
• Review Tradinginfo page for Fair Value and Pivot points. See where the market is opening. www.stocktrading.com/Tradinginfo.htm (or similar page).
• CHECK FOR EARNINGS ANNOUNCEMENTS – VERY IMPORTANT. Yes, I posted this twice!
• Determine about where you think the market will open.
• Put FV number on opening spreadsheet – remove any extra “news” type stocks.
• Determine envelope for the morning. This will range from .5% to 1.5% based on where the market is opening. The further away from FV, the smaller the envelop.
• Send in “practice orders” by about 9:20 NYSE time.
• Use your Opening Redi (or other platform) symbol list that is linked to Level 2 to see if you have bids or offers “too” far away from pre-market trading prices. You can also link a spreadsheet to show pre-market trading levels.  
• Adjust prices as needed, or cancel.
• Either cancel everything and resubmit, or leave in orders with adjusted prices.

For Boot Campers only: As you are filled, either click on “last” of the stock, or type in symbol and click bid or ask to populate price field on quote window. Adjust “cover price” to around 5-8 cents profit, click buy or sell. Do this regardless of where the stock has moved. Make this DEFAULT share size half of your opening only order number of shares. If filled, then place wider profit target for the other half. Use the first cover price as a “mental stop” – try not to let the profits go away.

If stock moves 10 cents against you, cover either all or half. Listen to squawk box and look at futures chart for market direction. Never let a stock move more than 20 cents without covering.