TODAYS TRADES GBR +$450

Today was really slow to start off. As I reported on the premarket, SEEL was a ticker that I watched on the open! Unfortunately, it quickly died right at the open and didn’t really offer any clean trading opportunity.

As I was about to close down the computer and move on with my day, I just happened to notice GBR on the scanner! I opened the chart and was very fortunate to have pulled the chart up as it was experiencing its first pull back on the five min chart.

I entered my position with 2k shares on that dip and filled at $3.03 cents. After holding for a couple of minutes, It quickly popped up above its previous resistance point putting my position into the profit. The trade is shown on the chart below!

This was a really solid trade!! I honestly was expecting today to be a no trade day. I entered the trade solely off of the chart, I only slightly noticed support at the $3.00 dollar area. This gave me the confidence to enter the position and hold through the consolidation.

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11 Replies to “TODAYS TRADES GBR +$450”

  1. What scanner found this stock? Is it from one of your videos? None of mine picked it up

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    1. Yeah from the breakout scanner video in fact I’m going to do a video about how to dissect stocks and how to build scanners around it, that stock came up late in the morning session, honestly I almost missed it

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    2. Hey, post the scanner setting’s for the scanner settings you were using I’ll compare to what I was using I have like 15 scanners

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  2. So I use 4 scanners usually; Breakout, Lowfloat, Premarket, and lover and losers premarket. The low float and the breakout didn’t catch GBR.

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  3. For the breakout:
    Volume min 200,000
    Last: min .3 to max 4.00
    Shares: 5,000 to 60mil
    %change: min 3%

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  4. I see it now way after it’s move. But throughout the whole day only about 5 stocks were showing up

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  5. Hmm those scanner settings should have picked GBR up, sometimes you have to close out the scanner in the watchlist, and reopen it throughout the trading day, like refresh it, Idk but sometimes it will bring up more stocks after doing so

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  6. Yea that happened to me before. With regards to success, I have been trading for about 2 months and it has been pretty rocky. I believe the main reason for my red days is the pdt rule. When I find a stock to trade and the trade begins to go south, I am very reluctant to get out because I see it as a waste of one of my 3 day trades. As a result, I hold on to it in hopes that it will go back up but they usually never do. Furthermore, when I am out of daytrades for the week, I am so anxious to make a trade out of fear of missing out, that I will enter into a breakout stock and hold it overnight in hopes that it will open the next day above where I bought it. Of course this is all just hope and it leads to big losses.

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    1. Man I can relate, I was just talking with a friend of mine about the exact same problem I use to have! I am still waiting for CMEG group they don’t have PDT, I am really hoping that they get me going this week as I will be off of work for a week so it will be prime time to trade without PDT, Another option for you would be to trade futures, Ninja Trader has an awesome platform for futures trading and you could make serious profits with their brokerage with as little as a $1500 deposit!!

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  7. But I can relate!!!!! trust me! it makes no sense you could just as easily loose 25k as you can 500 bucks

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