If you adapt to the market conditions, good trade setups can be found. Today was one of those days I followed my mentor into a trade and it really worked out.
Before I get into that, let me tell you how much I loved BYND at the open this AM. While all of the other stocks in play looked decent, BYND was my favorite. It was the one on my main screen with the order ready to go. To make a long story short, it came up to my entry and launched over me by .50. I was very discouraged since it ran $3 in no time. This happens and I need to accept that, but I really need to nail the entry.
After missing the BYND trade I had to quickly regroup while other stocks were running. I heard about IMTE over the mic and brought it on my screen. The call was for over 8.00. I got in at 7.99 with a lot of momentum. It took a couple of minutes to really start moving. I took some off really early since I was in a little bit bigger than I wanted to be. After selling some shares we ensued the Halt Parade all of the ways up to $13.36. My best sell was $12.80. This was one of my biggest trades since I started trading again back in March.
Although it was more of a pain to trade, I was happy to make out with a monster trade.
Today’s Total Profit and Loss = $512.00