Ending November last week wrap up

Trade Totals – Week of Nov 26-30
Date P/L
11/26/18 -$5.20
11/27/18 $273
11/28/18 $155
11/29/18 $280
11/30/18 $130
Total $832.80

I am happy with my results this week, In thinking back over the paper trades this week as long as I stuck with my plans and stocks I was watching they turned out well. Monday I made a mistake and followed an alert, but cut the loss quickly and realized I should not have played it. Key stocks I watched and played paper with this week were $ANY, $ASNS, $ALQA, $OGEN, and $NBEV. $PURA was my Monday play they was following an alert while it had some movement I wasn’t watching for right entry and exits and simply made a mistake following an alert. Following that one I made sure and followed my own stocks and made my own plans the rest of the week. All in all happy with how it is progressing and really considering going real next week.

November 30, 2018 Risky trade

This could have gone bad fast, decided to make a play on NBEV. I had a tight risk of $4.60 and shorted at $4.56 took quick gain when it started to bottom and definitely wasn’t a bad idea. This one consolidated and decided to go for a bit of a run this afternoon. Took quick gain in paper, but not a recommended trade. Bigger and safer moves at the bottom where I covered as volume starts gathering before it moved into $4.70s. Should have reversed this position on my cover and held long a bit. Always a lesson and something to help me improve and grow.

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Lesson in patience

I could have benefited from holding my short today, I had a paper short position of 1000 shares at $1.32 so far high of day was $1.35 and it’s been down to $1.15 since shorting. A bit more patience and this one would have been doubled at least.

November 30, 2018

Not a bad trade, but not quiet the 5 minute trade from yesterday. I went both ways on this and missed a lot of it. Chased a bit, but was able to sell for a gain then went short and covered for another small gain. All in all not a bad week in practice. I’m definitely considering going back to my real broker accounts next week. As long as I maintain patience and planning I feel I’ll do better now.

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November 29, 2018 – 5 Minute trade

This morning was a fun exciting trade, not that fun or excitement should be motivating forces in trading. Caught ALQA as it was having a break out and almost sold the top before it started pulling back and fading. You have to be quick on these as the tides turn fast and it can take a gain to a loss in a matter of seconds. Best this week though $280 in basically 5 minutes, I could get used to this. As Tim says $200/day keeps the real job away.

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November 28, 2018

Had a couple I played today boxed on ANY and made a bit on both sides, then made a quick short before halt on ASNS then covered as it fell back. Not a bad day up $155 for my paper accounts and getting more consistent on taking profits. Will be considering going back to broker accounts soon.

November 27, 2018 afternoon trade

Did a quick long for a small gain on my smaller account. Should have sold out short and waited on this to cover later. My initial short today would have been nice hold all day as it is hitting $6.50s and the upper end of my shorts were in the $7.60s. Still not a bad paper trade day.

November 27, 2018

Nice bit of gain today on my larger paper trading account. I shorted into a morning spike and waited till it fell back down. Definitely not the best play and realistically it looked like might be hard to barrow. For better profit could have added into second big spike as I’d been watching volume die down and noticed $7 was a safe exit to catch. I exited a bit early as it dropped to $6.80s I believe this dip, but excluding commissions would have cleared about $246 today on this. Waiting for the larger spikes $7.65-$7.80s would have been ideal then taking profit in $6.80s.

November 26, 2018

Quick trade this morning, broke rules and had multiple things against me, followed Tim which is big mistake one, but at least followed his cutting losses quick. Been traveling and off a few days so lost the pulse of the market a bit and forced a bad play. More patience is a must to keep growing and making good trades.

November 20, 2018 Covering NBEV

Covered my 1600 short shares at 3.86 this morning premarket, it actually fell into the 3.70s, but I had my cover order set at 3.86 and got filled before I even logged in this morning. Feel good on this had patience followed plan would be about $370 profits here without commissions.

 

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