Ok, so today went rough in the beginning. By the afternoon all of my trades turned around. I have noticed that there have been some trading opportunities later in the trading sessions and that’s where I made my gains after a tough morning. My first two trades happened almost simultaneously. I placed two stop limits on two different stocks right at the open. The first was a stop limit on AKTX right at $8.40 cents. I got filled and it immediately jumped in the profit. I exited the position when my profit got above $500. (see the chart below)
Gotta love the open range breakout to start the morning. The next trade was very similar to the first but on ticker ATOS. I placed a Stop Limit order on ATOS at $5.00. I filled and flattened the position when the price action stalled in the profit giving me about +$370. (see the chart below)
I am going to have to get better at my computer drawing skills. Anyways, after these trades I tried placing another Stop limit on AKTX for the break of $9 dollars. I got filled but the price action quickly went to the downside costing me most of my morning profits leaving me with $275 green. I did the same on ATOS but this trade had no mercy. I placed the Second trade entry just below the $5.50 cent mark @ $5.49 cent for the half dollar break, and it immediately pulled back. I also held too long expecting there to be some choppy volatility, but, I held too long and it quickly went from +$540 to (-$600). OUCH.
After these trades I took a break to reflect on the charts and the trades. I noticed a pattern on ATOS. (see the chart below) and decided to trade the support bounces.
This was a bit risky but it paid off because I ultimately got back into the green +$175. I used 1500 shares to trade with to make these trades happen. I then traded ATOS a couple more times throughout the trading day ending overall with a nice profit of over +$800 dollars. (see the chart below to see the trades I made on ATOS in the evening session)
These trades took a little more patience than the morning session because the momentum is not the same. The price action is slower but still profitable. I then ……as I was typing this, took another trade on ATOS as it started to break out on the closing session. I made a solid +$300 dollars adding to the overall, giving me a finishing Total of +$1,181 dollars to end the day. (see the chart below for the Trade details)
This was a great way to finish the trading day!!! In the GREEN!!! This was the main trade of the day so I will end the recap here. overall totals on the day, +$1,675.
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