Welcome back everyone to THEFREEDOMGRIND.com. Todays trades went very well after a pretty boring open. MGI had taken off significantly in the pre market session giving me hope that we would see a continuation to the upside at the bell. Instead I watched the first candle fall hard to the downside, and I thought my trading day was over. What saved todays trading is that MGI shares were Easy To Borrow!
In the image above you can see the entry I took on this stock selling 2000 shares short at $3.48 cents. This trade, unlike my usual day trades, I held throughout most of the morning. In previous trading session I noticed that I was missing out on a ton of profit by selling my short position way too early and decided to watch this one for a while. It payed off. I sold my position at $2.82 cents earning a profit of $1320 dollars.
The image above shows the day trade with both my entry and my exit depicted.
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