Too many "perhaps". Traders don't guess or wish. They observe, analyze, make scenarios and act accordingly. CM
Baron said this would perhaps help develop thick skin. Youse guys so nice, cant wait to see the critique when/if I F up.
I traded smaller today. Self imposed risk management. Sold just now on the pop up. Good discipline, did not start buying until 1045 or so. + 60.
My stock moved much in excess of general market this am so I took a swing. made $350 as it returned more to range, could have made a little more but this was a remote trade, my day was hectic. I think my 3 best days now are remote, will evaluate. It is what me hold on this am when gain was only small for larger. I eyed a short candidate earlier in the week, no shares were available, not sure my broker would allow me to lie that I could deliver them. The short would not have worked. It is an old favorite of mine, I am watching it more now as a DT candidate. Long on the vomit this am would have been 2x gain that I got... Nothing has appealed to me otherwise.
Thanks for the likes. I am done for the month. No losers, certainly no big ones. $1737 profits though overall balance not great. acct balance now $7662, 1652 shares. Earnings monday, I am not sure what to expect for market reaction other than unexplained volatility, I will try and sit it out for a couple days. I expect to add to the account next week, about 1k. I added 100 shares this am @4.71 premarket. Informally it seems best trades are from extreme overselling, if this moves bullishly I will have to evaluate. I expect to not trade so much in March due to conditions I will not discuss in public. A disclosure issue: My broker has a 100% equity percentage requirement to purchase this stock and has pulled some of my orders (when I did 4K days) for review. I've not broken PDT rules, but they might limit my trading. I am not going to change other than making sure I have good reward expectation, no sense getting my hands spanked over $50. I always end each day 100%. Figured I best explain this before it happens so the armchair quarterbacks dont claim foul if this endeavor gets shut down. Another thought, if this account grew, I don't think I could swing 10-20K shares of this each day, unless I was highly selective and could hold for end of day volume or closing price execution. In other words, this method is not scale-able.
Well, at least you come to the realization that this is not scale-able. Hence, you have 2 choices: 1) You need to move to a higher time frame to swing trade and get your size in blocks. 2) You need to move onto a high liquidity stock or futures.
Well, I broke my rules again and traded on earnings day or day after on 3/3. I think my rationale was correct, twas just a day early. 3/3 -$130 range was only 17 cents. Oh well, shrug. Had to sell 100 shares to pay for the loss/negative balance. I've added $1500 to the account and bought 200 shares @ 4.82 and 150 shares @5.06 Today was different. Approaching expiry price is moving up and moving more. My hypothesis was that Monday was a big mover day to 5.50, then pulled in, figured it was big money closing shorts or screwing option holders. I also figured that the action today would be better than Friday. Patience can pay.
Maxipad, you appear to be bleeding all over senselessly. Perhaps you meant to stick that somewhere else? I went to edit my post (but could not) to ad that this acct now has balance of $10,230, 1902 shares.