The past couple of days we had some real boring action. Today, it picked up some and I was able to capitalize on a stock that I missed yesterday.
IGC was one of the biggest movers yesterday and I simply got jumped on a $2.00 entry. It ran and ran and I never found a way in. It’s kind of like how my August is going. Today, I saw an early set up and pushed the buy button. The first buy didn’t move in my favor and I sold for a loss. I then went in bigger and the move was awesome. No pain and I was selling all the way up.
This week, however, I finally committed to being more defensive since we aren’t seeing the follow-through like we were a month or two ago. It has saved my butt several times so I’m pretty happy about that.
I’ll be taking the day off tomorrow and the end of next week as well. This will be good and bad. It will keep me out of the crappy trades if that is the way it is and I’ll also miss potential good trading. You never know what may happen.
Time away is also a good thing as well. Breaks from the screens can go a long way.
Check out the video for all of today’s action.
Today’s Total Profit and Loss = $382.00