TODAYS TRADES : QHC SHORT +$46 DOLLARS!!

Welcome back everyone to THEFREEDOMGRIND blog, all about stock trading and day trading!!! Todays trades where very few! I made two trades on QHC both of which were small short positions! I missed the morning session, and so, was unable to catch any of the long side momentum out of the gate. Once I got to the computer I noticed a couple of low float stocks on the scanner, one of which happened to be QHC.

This was a textbook trade! The first position was a 300 share short at $1.79 cents with a stop at $1.82. I added 100 more shares at the tip of that pullback for an overall position of 400 shares. I was able to cover my position around $.1.66 cents. This gave me an overall trading profit of over $.10 cents per share

The only issue I had with this trade was that I tried originally to short 1500 shares and due to the margin requirement by my broker (Capital Markets Elite Group) I was only able to short 400 shares. Nonetheless this was a textbook short and am happy to report the small profit I earned! My total profit from this trade was about $46 dollars added to the small account!

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!

One Reply to “TODAYS TRADES : QHC SHORT +$46 DOLLARS!!”

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    Best of luck for the next!

    Like

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