Well, Today was a red day. I saw this stock premarket and decided to watch this stock at the open. As you can see the Stock did perform well out of the gate quickly shooting from $3.20 cent to $4.20 cents. I tried to place an order of 2000 shares at $3.50 cent area, I was unable to fill. I tried to place a market order shortly after the price action broke that level, Still couldn’t fill. I tried multiple times to get in while the momentum was strong but was unable to enter a position. A few minutes later, an order went through and put me long 8k shares. The price action unfortunately already was reaching an exhaustion. I flattened the position at a $300 dollar loss, after a pullback.

I re-entered the position hoping for a second pump over the $4.00 dollar area, It failed. This should have been a flatten signal but I held just a bit too long. The next candle turned to the downside quickly and I flattened out with an overall loss of (-$735).

Losses happen, I am currently still paper trading in TD Ameritrade’s ThinkOrSwim platform. I have already filled an application with CMEG (Capital Markets Elite Group.) This will most likely be my brokerage moving forward and within a week or so shall be real money trading.

I hope you all have good trades to finish out the week as I will not be trading again until possibly next week. I will be posting informative pieces both on this blog and on our YouTube channel. To see our trading videos check out our YouTube channel by clicking HERE.

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Published by Eric Jobb

Hello everyone, my name is Eric and I am the founder of TheFreedomGrind. I love to trade stocks and futures, It's my passion, and I will never go back. I have taken time, money, and energy learning the market. There is no secret trick, no gimmick that will get you closer to being profitable. It will take time, money, and energy to make gains as a day trader. I created the blog and the YouTube channel to provide as much useful information about trading to anyone who has the desire to become a trader.

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