12. September 2017 - Day trade report +$47 TEVA

Back after a month of travel and teaching in Switzerland and off to a nice start.


Only have half an hour today, so only made one trade.

TEVA was the chosen stock


There were a few stocks in play but this one seemed the most clear to me.
I saw how bullish the guys at Investors Underground were on it and it did already have a large gap up, so i played it long as well. Seem to have a nice feel for the bottom and scooped up 200 shares.
Very small! I wanted to get the mechanics right, and ended up closing it just minutes later for a average but nice win of 23.5cents per share.
I am really trying to get the mechanics in and become as emotionless as possible, so this was a good one.
My exits were clear as well. The 17.80 area seemed to be quite a bit of resistance so i jumped out when it seemed to stall on the second test and when it stalled again with lots of green prints going through without the stock moving up, i closed out the second half as well.

In hindsight i couldve held longer as the third test of 17.80 broke through and as of this writing it has moved up to 18.19 which i shouldve seen coming and i shouldve had the nerves to stay in.

Anyway, still learning.

Trading will get difficult soon with the change of dailight savings and i will have to work out a new schedule, so i might have to take a break for a while.

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