Day 26: Day trades 3/5, daily P/L + $62.40, overal...
# active-trading
s
Day 26: Day trades 3/5, daily P/L + $62.40, overall + $128.5. Today was fairly successful and i initially lost about 15 dollars from my 2 trades that whipped me out, but i made sure my other trades made up for it. Everything eventually played out just not as strongly as i first thought, so i decided to double down into my other 3 trades and watch them very closely. I ended up making about 20 from QS 15 from QQQ and a little more than 40 on a couple of plays on HOOD shorting it down even as it was announced it was going into the S&P recently, it was actually a lot of fun working today for one of the first times in a while. My target was 100 so i did not hit it but the market seemed to die off around mid day and i decided to go ahead and stop and closed out my last trade at that time instead of increasing my risk. Play of the day was QS it had a huge run up in the pre market so this was one i found with my pre market screener searching for above average relative volume, i saw the huge shooting star which looked great and did confirm a reversal right away, but the problem with it was the wick on the candle was so high it increased my risk greatly if i used that for my stop loss and it got hit. So i decided to split up my order small enough that i could initially absorb the stop with my desired risk of around 5 dollars, then as i watched it whip around i averaged into the relative highs around reversal signals. This allowed me to pull out a 20 dollar gain on this trade when otherwise had i went all in at my initial price, i would have ended the day a little better than break even at best. This was easy in this case to DCA in because the stock price was less than 10 dollars , so i knew i had plenty of liquidity to work my price closer to the target.
• AVGO - ORR - Short - Stop Loss - accidentally traded in the middle, don’t diddle in the middle. • QS- ORR - Short - Stop profit • QQQ - ORR - Short - Stop profit • XLK - ORR - Short - Stop Loss • HOOD - ORR - Short - Stop profit