It was a nice weekend of the weather and I took advantage of it the best I could. Although I needed to finish up all the course studies, the SUN was more important. It allowed me to recharge for the week ahead. I finished fairly strong last week and it is my goal to improve on that.
I will continue to trade all week and I’m hoping one of my accounts gets set up on Tradestation. Currently, I have one partially funded and the other is waiting on ETrade to move the funds over.
Without getting into too much detail, Think or Swim has now hit an all-time low for me. I was opening orders only to see them delayed and I couldn’t cancel them. On one trade I was lucky and on the other, not so much. Support got back to me an hour later telling me they were having issues. Meanwhile, I could have lost really big. I’ll explain this in more detail on the two stocks affected.
The reason for the title of this post is because of APDN. It was a super high flyer this morning in the pre-market and I was looking to make an entry early in the regular session. I placed an entry on the second 2-minute candle looking for the opening price break. Although it went in my favor it moved up and down so quickly there was nothing I could do.
Take a look at the two charts below. These are 5-minute candles. Notice anything? I lost big on APDN on April 15th (Left). Look at today. The only thing different is the price. Also, look at how I point to the solid red line. These are the same lines on both charts. One is way above and the other is way below.
Lesson – Avoid this stock. A very whippy trader and not worth the beating I took at the beginning of the day.
APDN Profit and Loss = $175.53
I was watching MRNA after it made it’s first big move. I was looking for the break of the early high. The first time I traded it I took a small loss. It then tried again and I lost again. It was then time to look elsewhere. There was no follow-through.
MRNA Profit and Loss = $33.51
The stock I’ve been watching for weeks is CODX. I took an early breakout play on CODX only to see it go against me. Like MRNA I got back into the trade on the same break and it produced a nice winner.
CODX Profit and Loss = $53.15
I took a few setups on TSLA today. This was the stock of the day. On Friday it was taking a beating and today it had some squeeze action. I was able to get several break points in my trading today. By the way, this is only from trading 20-30 shares at a time.
TSLA Profit and Loss = $195.73
I was looking for NVAX to break early highs when all hell broke loose on Think or Swim. It definitely cost me money today. I didn’t know if my order went through. It turns out it did and I couldn’t do anything but watch the price drop. I would have had a small loss since I saw it not working but there was nothing I could do.
NVAX Profit and Loss = $49.47
ROKU was a nice player today. I took a couple of ROKU trades and it had a lot of momentum on some nice breaks. I had the chance to hold the last bit for the end of the day but I didn’t let that happen. Soon enough I will hold that extra bit to get as much as possible out of the trade.
ROKU Profit and Loss = $65.65
I was able to battle back after some quick losses. I was excited to get in the green by early afternoon. I was looking for some good setups but it was TSLA that took the prize. I look forward to working with Tradestation real soon. As soon as I do, I will let you know. Day Trading isn’t easy, especially when there are order and tech problems. I know I have to deal with this as a day trader. If I was in that first trade when this happened, my account would have taken a big hit. Let’s hope I don’t face issues like this in the future.
Total Profit and Loss = $59.38