Day trade report, 15. July 2017 - Holymoly
What a crazy 10min!
I felt tired and unfocused today, so i had already told myself that this might be a bad day but damn did it go well.
I stayed focused and really thought about my trades.
Once i get trading i want to set my initial max loss that i want to endure at $200-300 per trade.
At the open i had ORLY and NVDA on the main screen and some other symbols on the second screen. ORLY didnt develop well, so i swapped ANY over as it seemed to drop nicely and i seem to be good at either buying rebounds or selling the initial pops.
First i entered NVDA short after 4 green candles and close to the whole 163 mark.
I had my risk at 163 and sold it at 162.85. $0.15 risk, short only 100 shares.
I only shorted 100 shares because 162 is really expensive for my account size and i am trying to keep it realistic, even if i have more buying power in the paper trading account.
Luckily it went straight down and when it bounced back with quite some force i exited with a nice win.
Overall i feel i did things right, i had a plan, i locked in when i reached a target, but i am also quite proud of my reaction when i realized how fast the value of 1000 shares moves. Instead of being blocked, i reacted within seconds and locked in profits.
$700 in 10min...
Great start into the weekend :)
I felt tired and unfocused today, so i had already told myself that this might be a bad day but damn did it go well.
I stayed focused and really thought about my trades.
Once i get trading i want to set my initial max loss that i want to endure at $200-300 per trade.
At the open i had ORLY and NVDA on the main screen and some other symbols on the second screen. ORLY didnt develop well, so i swapped ANY over as it seemed to drop nicely and i seem to be good at either buying rebounds or selling the initial pops.
First i entered NVDA short after 4 green candles and close to the whole 163 mark.
I had my risk at 163 and sold it at 162.85. $0.15 risk, short only 100 shares.
I only shorted 100 shares because 162 is really expensive for my account size and i am trying to keep it realistic, even if i have more buying power in the paper trading account.
Luckily it went straight down and when it bounced back with quite some force i exited with a nice win.
At the same time i was watching ANY as well and thought id give it a go when it seemed to make a higher low.
I bought 1000 shares at 4.14 with risk to the whole dollar mark at 4.00.
The thing started going up right away and i was surprised how much profit i had made instantly.
I set myself the goal of making around $100-200 a day so when i had reached that within seconds i locked in half the position right away to at least pay for the trade if it doesnt work out.
After that i let it run for a bit, when it had a bit of a issue with the red to green move i locked in another quarter and then i started to emphasize with Nate Michaud as he mentions many times how he gets impatient with winners once he started locking in profits, so just a little bit later i sold the rest.
I bought 1000 shares at 4.14 with risk to the whole dollar mark at 4.00.
The thing started going up right away and i was surprised how much profit i had made instantly.
I set myself the goal of making around $100-200 a day so when i had reached that within seconds i locked in half the position right away to at least pay for the trade if it doesnt work out.
After that i let it run for a bit, when it had a bit of a issue with the red to green move i locked in another quarter and then i started to emphasize with Nate Michaud as he mentions many times how he gets impatient with winners once he started locking in profits, so just a little bit later i sold the rest.
Overall i feel i did things right, i had a plan, i locked in when i reached a target, but i am also quite proud of my reaction when i realized how fast the value of 1000 shares moves. Instead of being blocked, i reacted within seconds and locked in profits.
$700 in 10min...
Great start into the weekend :)
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