One play a day keeps the day job away is the theme today….Not feeling 100%, I slept in a bit and started scanning to find a trade that had a solid r/r for the afternoon.
CCL was in the IU scan yesterday looking for failure and a solid fade, so when it pulled up with a failed follow through at its highs and the market pulling back with decent volume, I felt it was an opportunity worth taking. My stop was over the high of the day, with an initial goal of VWAP and then potential add if it failed. What a beauty…I am happy about holding largely down to the whole number for 1/2 of my shares profits. This market has been tricky about dropping solidly only to rip back up. It makes it critical to take profits on any solid rips or cracks lest you see it diminish in a bounce.
One play with such a tight r/r produced an awesome profit, so I closed the computer and called it a day! Hope your trading day was solid!
So, this weekend I went to my favorite quiet beach and had a serious talk with myself. You know the kind of talk that I mean? I have had an incredible first 5 months as an independent trader, it has far exceeded what I had expected or hoped for but last week I seriously felt like a maniac trading. I feel blessed I ended solidly green but felt so trashed and beat up as if I had ended red. The opportunities and ranges this market is giving is incredible, however at the end of the day what has gotten me to where I am is trading less quantity and more quality. Continue reading “Day One”
What an unreal last week and first month as a full time trader:
Continue reading “March Recap and looking ahead”
While in the IU chat room today, a biotech stock started going wild. Nate’s comment to the action made me shove away from my computer and just watch the action. The stock ripped up a buck and promptly stuffed for $2. Nate’s simple comment was “..yikes. No edge there”.
Continue reading “What’s your edge?”
Closed out the week with an incredible 25% gain, largely due to the following plays:
Continue reading “Weekly recap and this week’s plan”
It is always intriguing to me when I read about lifestyles of successful people and the power of habits in their life. One of my favorites right now is Melissa Hartwig, co-founder of Whole30. She will occasionally speak to her daily routine and just simply explains in her always unabashed, unapologetic manner “because routine”.
Continue reading “No hurry no pause”