Re-acclimating to trading strategies all paper so far, potentially real trades this month.
Did I mention NBEV was a better short than I could have imagined today? Ok I must watch these closer I literally could have held this position all day and had round a .60-.80/sh gain. All good excited to be in right mindset and position, now to study and be patient with it.
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On track, but left way too much and sold way too early. I got busy with a few things luckily and let it fall back, but then wanted to take gains and run. As I am posting it is at $6.03 on its way back from the $5.80s, left a lot on the table as this one, but at least took a gain and didn’t take a loss.
A bit of a slower week on my paper trades and activity. I’ve been gearing up on a few projects and just had some days that I couldn’t fully dedicate so sometimes the best trade is no trade especially if time and schedule is limited. Not a bad week still gains in my paper trades on the days I traded. I love the acclimating to the balance that can come with trading and making it work for me and my schedule. Looking to trade more next week as time and schedules permit.
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Had a Citron alert with a price target of $65 so made a quick paper short here. I actually made a mistake and bought first then was about to quick sell and reverse my position. This is a higher priced stock than I usually play, but working on expanding my view and applying the rule of 10 a bit. This was also my larger paper account so I had plenty to cover the position and give it time to fall a bit. For a quick trade not bad, but lots of risk and required a sizable account to take position. Left a lot on table continuing to fade this afternoon could have held for another dollar per share as it is at $92.68 as I’m writing this.
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Monday’s don’t seem to be my best, last Monday I lost a bit. Today I was down at so many points I was glad to be done. Had an initial good paper short on NBEV should have used bigger size on that one. Then things got messy ATOS looked like it might be topping out so I made an initial short at $1.68 and it bounced back up so I covered and went long, missed a quick small profit and it fell, added to position on the dip and then oversold to get short. Had a dip and I took it with no patience and just ready to be out. It did continue to fall and could have been beneficial to hold. All in all glad I didn’t go real money today. Still ended up with gains on my paper accounts for the day, but way too stressful of plays and not great ideas on ATOS.