Todays trades went really well. I made two significant trades today, one in the futures market and one low float trade. Let’s first dissect the Futures trade that I made on the S & P mini (/ES). This morning as seen in the chart above the /ES mini price dropped quickly at open and then bounced. At first I made a trade to the long side which actually ended up being a red trade to start the morning. After closing that position out I suspected we were going to see another price drop. Instead of jumping into that position I set up a Limit-Stop order @ 2983.75- 2 contracts sell (short). I also used a bracket order to place a stop @ 2984.75 buy stop order. This is how the trade looked on the chart!
The other trade that I placed today was on a low float stock that came right off the scanner in TD Ameritrade’s ThinkOrSwim Software. (the scanner I built can be seen on our YouTube). The stock was Cesca Therapeutics (KOOL). I saw this stock and really didn’t think much of it until it began to reverse from a support area. I decided to place a long trade with only a 500 share order. I entered @$4.32 cent, and closed my position just after the price went above $4.50 cent. The trade from the chart can be seen below.
If you have any questions feel free to leave a comment down below. Also, we are considering setting up a stock callout system later this year. We would love to know if you are interested in TheFreedomGrind’s callouts. Leave a comment to tell us if you would be interested!