Some good trades and some missed trades once again. I got jumped on two of the biggest movers of the day but I still found other trades to make up for it. I need to stick with my trading decisions, stay in the trade longer and let the runners run. I have a long way to go but at the end of the day I was in the green.
After yesterday, I was pretty excited coming into Friday. I’m also looking forward to having my new platform up next week.
I got off to a fast start with a trade on MDGS. Although I was a little slow to the entry I did get my fill. I should have had a .08 fill but chart issues once again were holding me back. At the end of the trade I made a nice gain. Although it could have been a lot more I was still happy to get off to a green start.
MDGS Profit and Loss = $40.03
A call came out about SPI in the chatroom. I immediately went over to the chart and decided I liked the idea. I was a little late on the sell trigger and only made about .03 on the trade. I had a chance to make .10 on a 1.72 stock which is pretty solid. I was trading 500 shares.
SPI Profit and Loss = $13.50
I missed an earlier trade in CODX because my trigger got jumped. It moved a whole 1.00. This was such a smooth trade and it was unfortunate that I missed it. Later on I did catch another breakout play which gave me a nice little winner.
CODX Profit and Loss = $36.22
MRNA was another trade I got jumped on today. This trade was a beauty and it made people very happy. I caught a secondary move which was pain free but didn’t go as far. The first move went 1.50.
MRNA Profit and Loss = $47.45
One of my two bounce or pullback plays was on CLX. It had crossed several EMA’s right down to a perfect buy area and bounced nicely. The key on this trade was the low volume coming down. I was only trading 25 shares on this trade. Of course, we are talking about a 193.00 stock.
CLX Profit and Loss = $20.25
This was pretty much the worst trade of the day. It had some great news come out and ran all the way to 18. It then pulled back for a bit and challenged that same number only to be tooled around with and I got out with a small loss.
SPCE Profit and Loss = $28.70
ARCT had the potential but later in the day. I tried taking a whole number break on this thin stock and I got filled before the break. I got out really quick to avoid a big loss. It would have dropped big on me. About an hour later, it eventually broke for a 1.00 gain. The idea was there but the execution was not.
ARCT Profit and Loss = $7.50
The last trade of the day was on FLDM. I jumped on this on the break after some big news. I got a nice little trade and watched it drop heavily soon after.
FLDM Profit and Loss = $26.28
I did take a few other trades that aren’t really worth mentioning today. ZM, WKHS, and CAPR. These worked out to minimal gains/losses. I’m hoping to have a nice weekend while also making sure I keep studying and working on my process to becoming consistently profitable. Have a great weekend everyone.
Total Profit and Loss = $143.53