Following are our trade ideas for our Daily Trader portfolio for Thursday August 14th, 2014.These are short-term trading ideas that are normally closed either the same day or in next few days. Trade nimbly.

1. Canadian Solar Inc. (CSIQ)
   • Direction: Long
   • Entry: 31.24 or ORB (
   • Stop: 29.84
   • Target: 33.30 (Watch out for resistance at 32.14)
   • Pattern: Expansion Candle

   

2. FleetCor Technologies Inc. (FLT)
   • Direction: Long
   • Entry: 143.00 or ORB (Opening Range Bar – first 30 minute candle) breakout
   • Stop: 140.14 or below the ORB
   • Target: two points from entry
   • Pattern: Expansion Breakout / All Time High

   

3. American Realty Capital Healthcare Trust, Inc.(HCT)
   • Direction: Long
   • Entry: 10.97
   • Stop: 10.50
   • Target: 11.41
   • Pattern: Expansion Bar

   

4. PetroleoBrasileiro (Petrobras) (PBR)
   • Direction: Short
   • Entry: 15.17
   • Stop: 15.80
   • Target: 14.60
   • Pattern: Expansion Candle / Support Break Down

   

Previous Trades Update:

Four of our trades triggered on August 13th. If you have not already closed them then modify the stops and target levels.

• CAR (long) – modify stop to 65.00 and target to 66.09
• SIMO (long) – modify stop to 26.00 and target to 27.21
• SBGI (short) – set the stop to 30.96 and target to 29.98
• ANAC (Long) – hit the target and closed for 2.5% gain

Trades triggered on August 12th:

• BVN (long) hit the target for 1.0% gain
• OVTI (long) also hit the target and returned 1.5%
• KING (short) gapped at the open and closed for 28.6% gain

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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