It’s Friday and the markets were gapping up big time. The news faded pretty quickly in the morning but it didn’t stop me from finding a few decent setups. I definitely missed the one I really liked but other than that, I ended with a green day and a green week.
Trades Taken
ICD was an early trade based on a room call. It was the break of the opening price after a dropdown. It turned up on the next candle with the break of the whole number 8. It got through fairly cleanly and I was able to grab a few bucks.
Profit and Loss = $24.71
I liked BA all morning based on the news of the market. It was making some new highs before the break down a little later. I was looking for the break of the 150 level which got me about .60 but I didn’t take my profits fast enough and it worked back down giving me a small winner.
Profit and Loss = $11.72
After yesterday’s day with CODX, I kept the chart on my screen to start the day. Soon after the bell it made some moves down but started to pop back up through the opening range top. Although the break of that was tradeable, I was looking for the trade passed the 13.50 level. It hit a strong seller and then it took off. I grabbed some nice profits. Although I left a lot of money out there I did feel a lot more comfortable.
Profit and Loss = $113.10
Trade Missed
Check out the video below on the NVAX trade. It made the move later in the morning but I’ve been watching it for days. You can look back on this post to see how I traded it then. This trade was a nice move and quick.
Total Profit and Loss = $161.52
Overall it was a great trading week. I had a lot of good winners, small losers, one crappy loser while following most of my rules. I’ll be studying over the weekend and I hope to really have a strong grasp of what I need to be doing come Monday. This is not going to be a quick-rich game. Although I need to start pulling profits soon, I can’t force it yet.
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