Welcome back everyone to THEFREEDOMGRIND, your home for day trading and stock market info. Todays trades were on the Trader Elite Pro Demo software through Capital Markets Elite Group! I was able to make multiple trades today and will give a recap in this article of exactly how I traded these tickers. I will show in depth some of the trade highlights that were the most profitable in todays trading session!
ATAI – This was a continuation play, and if you belong to THEFREEDOMGRIND YouTube or this blog, you would have seen this in the Pre Market article, or the live premarket video uploaded on most mornings before the market opens. This stock made massive moves again today giving both long and short opportunities! One of the best trades was an entry of 4,000 shares long around $3.50 cent area on a dip. I sold the position after reaching over $500 in the green using hotkeys (I finally figured out how to set them up properly). See the chart below for the trade!!
The first really successful short trade I have done in a while happened pretty early on in the trading session! At first I tried to trade the $3.00 breakout, it pumped over $3 dollars about $.10 cents and then failed back below the $3 dollar area. I sold out with a small loss. After watching the price action for a bit, It attempted another $3.00 break, and failed. This was my que to go short. See the chart below for the trade! (typically around critical price points such as half and whole dollar areas, a stock will typically, after one or two attempts, breakout strong around those areas)
These trades were really solid and deserved to be listed in the article for strategy education! I did make many other trades that were mostly for trial and error in the demo account and learning the new trading platform I will be using!
The overall profits on the Demo software are below!!
What is Going Short??? Shorting a stock gives traders the ability to make money if the price goes down. How? Your broker allows you to borrow shares to sell immediately in the market, the goal to make money is to buy them back cheaper later on and give them back to the broker, in which case you get to keep the difference.
Here at The Freedom Grind, we love to talk about the market, and help in any way to make anyone/everyone a much more efficient Trader!! To support our operation Hit the LIKE button at the bottom of the page! If you would like to be notified when The Freedom Grind posts, hit the FOLLOW button and receive an email whenever we post market related news, our trades, and market analysis!