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Beat the Street: A Trader's Guide to Consistently Scoring in the Markets by Adrian Manz

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Chapter 11. Deferred Set-ups

THE BEST TRADING plans often turn into piles of scrap paper when nothing hits on trigger day. Sometimes, though, opportunity knocks twice and a great trade emerges late from a plan that seemingly failed us. I call these situations deferred set-ups. They demonstrate how vigilance can generate profits.

I am including my deferred set-ups strategy to focus on the fact that the business of equities trading requires flexibility. Deferred set-ups are actually an extension of each of the daily patterns, but since they require intraday monitoring and strategising they are included in this section. Days on which few or no trades trigger could easily be forgotten. What I do instead is take the set-ups that did not blow out ...

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