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.
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.
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.
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.
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.
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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Missed the spike premarket, but expanded position from 1200 short to 1600 short today adding at 4.20 and 4.19 as it had small bumps up throughout the fade all day. Looking to buy to cover position in the 3.80s tomorrow or lower later this week if volume and momentum keep dying.
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Want to invest in your education and learn before you trade check out this video library it is worth the lessons to not lose your account Tim Sykes Guides
Plan here is shorting into strength and averaging in as this goes up with plans to cover and profit as it crashes. This trade is in my larger paper account with more flexibility to wait it out and add to the position as it gaps up or spikes and wait for it to fall back below initial short entry. Not the ideal day trade for sure possibly more on the hold and hope side even, but as markets flow I believe I could reasonably see NBEV under 3.70 in the next 3-5 days for this play to turn.
Traded a bit more today hit NBEV a few times, another long should have been short position then got a bit of a fall that I was looking to bounce. Added to position and accidentally sold. Then bought into close and sold into after hour spike. Basically all this was over trading, I would have done well to watch more and play less on this.
Getting a bit more settled and starting to keep an eye on the market, just working small paper trades in STT for now as I get my feel of the markets.
Had a couple trades today, started off buying NAKD and quickly realized I should have sold so I did at double my position giving me 200 short and had another descent fall to make back loss and a bit of profit.
SNOA was a small position 100 shares short at 1.63 covered at 1.48 not a bad little gain, but probably reaching a bit at this point. Helped my daily average, but could have easily gone against me.
Good points for the day cut losses quick and changed position. While the change of position might not be realistically possible the exit would have and it would have saved me from more pain at least. On the bad side I probably tried an extra trade I shouldn’t have it worked out this time, but I need to watch and cation myself. Neither of these were plays I’m trying to focus on right now. I need to keep my focus and only take to absolute best shot not the excitement play or something to try aspects.