Friday, April 11, 2014

Friday April 10th, 2014

Hey everyone, I know I said I was talking a week off of trading but I watch watching some stocks today and saw a good one I thought I could make some money on. So here it is. 

$RAD - So as you can see this stock ran in the morning great trade for morning traders but I got into this trade during the EOD. Was anticipating the Green/Red move here with a good support at around $7.00. You can see the first short was too early and got stopped out. Second trade was nice you can see I got into that trade in $6.99 right when it broke $7. Finally some selling volume kicked in and broke that support and a nice short fade into the red. My initial target was $6.89 but it never got there, hit $6.90 and perked right back up. Covered before it went back green. Good trade because the stock ended up green on the day. Didn't make much because didn't have a lot of size but what matters is getting the trade right. Once you are getting the setups right and the trades are going to you favor, you can start trading with more size. I am still at the learning phase, trying to get the setups right and becoming profitable first. Once I get more capital in my account and trades go into my favor I will start putting more size into my trades. Two Green days in a row for me, hopefully I can keep this up!

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