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!
Hey Everyone, I'm a Part Time Trader based in West Texas. Started out trading stocks and now only Swing Trading Stocks and Day Trading Futures. This blog is just to bounce ideas and keep track of my trades on a day to day basis. Might help some people, don't be afraid to ask me questions if you need any help. Usually post my watchlists, trades, other useful trading material. Follow me on twitter (@WestTX_Trader) My Blog posts are not recommendations to buy or sell any security.
Subscribe to:
Post Comments (Atom)
Featured Post
Watchlist for 08/07/14
$ANR - Like the volume rising on this one. There will be some resistance around the $3.80 level will watch for a push from that level intrad...
Popular Post
-
Hey everyone! As many of you know, I got tired of the dumb PDT rule and switched to SureTrader. SureTrader is a online discount broker...
-
Hey everyone! Today I have decided to switch brokers. As many of you know that I have a small account with less than 25K in it. With less t...
-
Hey guys, so a lot of you guys know that I haven't been trading much because I usually get home during the lull hours of the market. I s...

No comments:
Post a Comment