Welcome back traders! Today is a big day as I have crossed my very first Trading Benchmark! As I started this journey, I set my first benchmark to an account balance of $5,000 dollars and today, with my trading strategy I was able to cross that goal and am currently at $5,116!
I placed two trades this morning which eventually brought my account over the Benchmark. The first Stock was (XSPA) XPRESSA GROUP INC, and (ANCN) ANCHIANO THERAPEUTICS LTD ADR. I entered in short both of these stocks pre market! Lets look at ANCNAs trade and chart!
I traded this stock early in the Pre Market with a small position of 70 shares short @ 6.10 cents. I felt a little nervous about this trade and jumped out too early. I ended up exiting this position at $5.64 for a profit of $30!! I will take any win no matter how small.
This trade was an overnight hold because if I would have pulled profits the same day my account would have been flagged. The fact that I had a solid entry compared to the average price of this stock gave me confidence to hold the position at least for one night. My entry price was at $2.25 with 278 shares short and closed this position this morning @ $1.77. Overall Profit for this trade is $131 dollars.
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