3/1/2019 – Todays day trade went very well with this low float runner. We started with a breakout scanner we built in the Think Or Swim software provided by TD Ameritrade. (Click Here for Scanner Tutorial). This one popped up first thing along with IGC, After watching the momentum on the first candle, we began constructing the Trade. Lets have a look at the 5 MIN candle chart!
The first position was 2000 shares on the break of that first green candle. We also had the 1 Min chart open as well which had several flag patterns!! That trade was successful and gave us about $400 in profits as the position was closed premature. Our second position was the break of that resistance point drawn in the middle of the chart after that consolidation area.
The trade ended up after buying multiple breaks with a profit of $1,170.
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