Was watching $WKHS for a morning dip buy, had entries in 3 spots it dropped.
As it turned out my entries weren’t too bad and had I let the chart play out could have come away with a pure gain. Unfortunately impatience got the best of me and I saw a little perk to almost break even and took it. Out for a $3 loss to paper account. As the chart played out it rose to $4.95 before starting to pull back. These positions had the potential to be an $81 gain this morning, but I got a bit too anxious to get out. Lessons on watching the chart and letting pattern play out are definitely in my review plan today.
Had a dip buy opportunity that arose on this one I was watching this morning. Noticed it started holding a bit after falling got in for a quick gain made $85 for my paper account in less than 3 minutes. Not a bad way to start my morning.
Entered two 1000 share positions long for overnight opportunity. In 1000 at .57 and 1000 at .58Set take profits at .68This is where the flexibility to watch and make more intelligent entry and exits would help. I had a set take profit in what I felt was guaranteed and had a $210 gain to paper account. had I realized it was doing as well might have held a few days and made at least twice that.
Nice quick trade on NXTTF (Namaste Technologies Inc) this morning. Had an alert on this stock and I’m always glad to play Namaste when I have a good opportunity. Didn’t play this the best in at 0.605 and out a 0.6122 with 1000 shares for a gain of $7.20. I have a feeling there in a lot more upside to this one today and could have probably held through the day. I will be keeping at eye on it today, but for now off the check bankers close in currencies.
Today was a live trading that I observed as part of the course perks from Apiary Fund this has been a great course and experience to acclimate me to currency trading.
In the trading session I only took one trade I’m working with indicators more and waiting for the right trade and position. In my first trade I watched for an ideal entry and found a nice short position that gave me a quick 3.6 PIP gain in about a minute. I exited this trade a bit quick as the move continued to a possible almost 8 PIPs before it reversed.
After the live trading webinar I took four more trades on the long side these took a bit longer to become profitable and didn’t give as much gain. One I basically broke even with the spread adjustment, the next I made 8 points, followed by two more that I was able to close for 1.9 and 1.5 PIPs before it reversed. All in all not a bad set leaving me up 8.3 PIPs for today. I’m working through some of the Apiary Challenges specifically the two days with no losing trades currently. Made it yesterday and so far on course to finish that goal today.
Until next time happy trading and be sure and control your losses as that is all we have control over.
Nice little play at end of day on $JVA was willing to hold part over night short, but was glad to see an after hours sell to clear it. I could see it hitting resistance in the $7.24-27 range and took a couple short positions. One I covered fairly quick for a gain and held the other from a #7.24 short looking for $7.10ish. I was pleasantly surprised to get an after hours fill at $6.91 which might not be 100% accurate outside paper world. Still growing paper accounts though.
Here is how my $CANB played out. Basically no morning spike I got out at 0.095 for a $15 gain. Was really looking to get around .10/share sell, but didn’t want to hold and hope too long in case this cracked and went south.
Made a paper trade on $BIOC this morning, was watching fro break and got a bit. Didn’t get out too soon either as it has been fading off since that spike I sold into. Not a bad paper trade up $120 in about 7-8 minutes. Looking to do more and start watching markets more closely again.
