Welcome back freedom Grind Team! This was one of my biggest day trades so far. My team and I are working on new scanners and trading metrics that will hopefully help us generate much bigger gains in the near future. The newest scanner that we have added to our trading strategy helped us nail YELL (YELLOW CORPORATION) early in the Premarket.
This trade Took a very quick response, though, I wasn’t able to get in at the very best spot it did end up producing a decent gain on my small account. I entered this trade at first with an order of 800 shares but only received a partial fill. Once I was in the position I averaged in some more shares short. I ended up with an overall position size of 650 shares short at around $12.53 cents and flattened the entire position at $10.55 cents. This trade has already made April a competitive month compared to the last two and could set me up for my biggest month yet!! Overall Profits on this trade after commissions was $1286!!!!
03/17/2021 – Welcome back everyone on this St. Patrick’s day! I didn’t find any pot of gold but I did score some profits from the market this morning. I traded one stock only and ENZ was a hold from yesterdays trading. I traded FSD PHARMA INC CL B (HUGE) for a profit of $678 dollars!! Let’s take a look at the trade and see how it worked out!
I averaged into this stock short pretty heavy pre market. I ended up with a total position size of 820 shares short. My average price was $3.55 cents per share. I held all the way through the pre market and into the open. My idea was to close at the blue line but covered my position early on the flush right after the open bell.
Follow Us Here at THE FREEDOM GRIND and get all the newest information as we post our trades, and update our services. I currently do not have any more Day trades to use this week but will be trading again at the beginning of next week so hang with us to see how we are taking profits from the markets every week.
Welcome back traders! Today was a big day for me as a Day Trader as I finally hit the 1K a day mark! I have been waiting to push the gas a little bit and be more aggressive in my positions so that I can Have a 1K profit on the day! I finally hit my mark trading three different stocks which all have added to the account.
The chart Above shows my entry point into ENTX though this stock Trade was placed in the Pre Market on Friday I held until today for a total profit of $626 dollars. This stock also had some very aggressive buying at the open Friday which had me sweat through some Circuit Breaker Halts but in the end I was able to Profit. I closed This position around that Blue line on the Chart and Entered at the Red line!
I am currently holding this position into tomorrow morning in hopes that it can maintain these lows so that I can have a day trade for in the morning! I have 285 shares short currently at an average price of $2.04 cent and am in the profit about $140. Let’s hope it stays that way into the morning.
This is the third trade I placed today and closed out the position as close as I could to $300 dollars in the profit but ended up with a market buy order to close and netted $297 dollars this morning. My average price was up there at the red line and exited a little early which I have no problems leaving a little bit on the table!!
Good Morning Traders and investors! So far the strategy is a very trustworthy one. I have successfully completed a month and a half of successful trades! This trade was a little rough but in the end it became successful for me. Lets have a look at the Trade on the 2 min Chart!
I was able to enter (MNOV) MEDICINOVA INC Pre Market with 300 shares at $11.01 average price! I had to set through some pain on this one though because after I entered, it decided to have one more pump all the way up past $13 dollars….um OUCH. But looking at the bigger picture I was not nervous as I have grown to trust my strategy! My exit on this position was $9.58 cents per share!!
Once we opened though I was getting a bit anxious to get my money and walk because the open was volatile! Honestly the open trading looked like a futures market open where there are huge swings before there is a direction and continuation.
This trade has brought my monthly earning for March so far past the 1K mark and there are still a few weeks to go!!!
Welcome back Traders! Today I added more profits to the account making my way to the magic 25K mark. I took this trade right after the pre market open around 4 AM. I started this position a little more aggressively trying to get a larger position into this trade.
Check out the trade with some live footage to the right—–>>
You can see I was able to average in pretty heavy before closing out in the pre market session. I ended up overall with 1050 shares with an average price short at 3.80 cents per share. I was able to close the position with one limit order at 3.50 cents for an overall profit of $320.
Overall this trade went very well. One thing I am taking notice of is the fact that I am leaving a lot of profit on the table as the trades tend to keep it moving to the downside after I have already jumped ship! I will really be looking at trying to improve this metric but am still happy with my progress in this strategy overall. Happy Trading everyone and have a good weekend.
I will be looking for more trade opportunities on Monday next week and look forward to posting them here so like and follow this blog for all my trading updates!
Hello Traders! Another day another dollar, or in this case a couple hundred to add into my Interactive Brokers Account! On the road to 25k. I was actually watching this stock since yesterday and had the suspicion it could not maintain these ridiculous trading levels. I was able to place a trade pre market as always and close out before market open.
In the image below you can see my order fills for my short side trade in RKT this morning. I noticed I have an uncanny ability as of this far to get really good entries. I only shorted this stock with a position size of 50 shares but was able to squeeze a pretty good profit out.
After waking up this afternoon I noticed that RKT tanked super hard…….but as traders we cant focus on what has already occurred and must quickly move on to the next opportunity. I will have another Day Trade available on Friday so I will post here and we will see if I can grab more money out of the Stock Market and add it to my Account with Interactive brokers on the road to 25k.
I appreciate all of you that read my articles and Like and Follow my Blog!! See you on Friday!
Welcome back Traders I hope you all had a good weekend! This morning around 4:10AM I started to trade the market. I found ECOR on my premarket scanner and it was screaming to be shorted….lol, so I DID! Overall the trade wasn’t too bad, however, there were some mistakes I made in this one.
The first thing that made this trade a little difficult was that I went too aggressive to early! I ended up with 900 shares short with an average price of $3.60. Not a bad price looking back now, but the trade went against my position over $.40 cents……yikes. While I was holding through the pain (sit and sweat as I call it) I was able to reel in my anxiety. I held strong and patiently until the stock price dropped back below my entry price.
Todays Profit was $162 added to the account on The Road To 25K!!!! My focus for the next trading day will be a little more reservation in averaging in. I need to take it a little slow and be methodically aggressive and not allow my frustration of being under the PDT drive my trading decisions. Things like that take you away from what you are doing right!!!
Welcome back everyone to The Freedom Grind Investors Blog! I am currently day trading a small account with Interactive Brokers with several benchmarks in mind. My first benchmark is 5k! My current portfolio balance is $4,300 so I don’t have much further to go for that goal. My starting balance was $2200.
The ultimate goal is to reach 25K in order to be above the PDT or Pattern Day Trading Rule. This is a regulation that prevents U.S citizens from day trading freely if they are below 25K! It makes no sense honestly but unfortunately, those of us that are small money Day Traders have to work within those boundaries.
The image above is my current Equity Curve with interactive brokers. My strategy with this account so far has had a very high Win/Loss ratio and has allowed me to double the account in a little less than a month. I am only trading Short side trades and will most likely not get into any long positions for the foreseeable future.
One thing I do want to mention is the Products and Services Tab in the Dropdown Menu at the top of the website! Once I surpass the 25K benchmark, I will be teaching this strategy and it will become accessible in that Tab! If any of you are interested in learning a highly profitable trading strategy, comment in the comments section. This will not be a free service, but all information in this blog as well as my YouYube channel will be a free resource for all of you!
Welcome back Traders and Investors! I was able to lock in some profit this morning trading short side on a low float stock that went parabolic to the upside premarket. I traded DOGNESS INTL CORP COM (DOGZ). This stock went bonkers in the premarket cranking long from about a $2 average price up past $7 per share. There was no news to support this.
I entered into this position with 100 shares short in the premarket consolidation! I like to be conservative with my sizing as I am averaging in, This gives me a better opportunity to manage my risk and average into a higher price while going short if the positions moves higher. I ended up with 200 shares short with an average price at $4.12 cents(shown by the bright BLUE line on the chart) and sold my position around $3.17 after this stock flushed lower at the open!
This morning overall was fantastic! I made my daily goal plus some extra! As traders we leave some on the table periodically but we must always remember, Once we leave an opportunity, we only focus on the next one and do not look back with regret!
Hello Traders! This article is to open up an avenue for you all to see what I am planning for my future trading career! I want to be as open with you all as possible and let you know how and why I am making certain moves! This month I decided to open an account with Interactive Brokers. I sought out this broker under the premise that they have a larger variety of stocks available to short. So far, They have not disappointed.
I like to SHORT! Yes, I am the literal Bear when I look at the market. When I first started trading I was finding myself to be quickly trying to find the stocks that are going to break out. After trading for a while I realized how that was really counterintuitive to a certain extent. It is stressful, and we al know the end of the crazy breakout ends with the fear drop. That is what I am focused on when I am scouring the market.
The picture above is my current equity curve in my Interactive Brokers trading account. I started with $2200 which for some reason did not display at the beginning of the curve but it still shows my overall performance against the overall market. My account is up +%28.28 in just a few weeks and even being stopped by the Pattern Day Trading Rule (which is literally the dumbest thing ever).
I am writing this article to start an active journal for this account specifically to take capital Equity from $2200 to $25K. I will update the trades and the equity curve on a weekly and or Bi-Weekly basis.
The stocks I shorted with Interactive Brokers were, BRQS, BB, GME, ACIU, CEI, RCMT, and OCGN! If you have any questions regarding how I trade or any questions about trading I will always make myself available for anyone trying to make their life better! Leave a comment or email me @ email@example.com!
Want to open your own Interactive Brokers Account, Ask me how here firstname.lastname@example.org!
Welcome back Readers, Investors, and Traders!!! As many of you know I am invested long term in a portfolio I built around the Covid-19 pandemic. So far the portfolio is up 40% overall! My best performing position in terms of actual net gains is Wells Fargo (WFC). American Airlines (AAL) has been quickly gaining as well right behind Wells Fargo .
I have decided to add something else to my portfolio, and I want to reiterate that I am not a financial advisor. You must accept the risk any investment carries inherently with it, as well as invest independently from anyone’s opinions outside of a professional. With that out of the way, I have added two new positions to the portfolio that I will be averaging into for the long term……hopefully! I have purchased shares of two Market Bear ETF’s that are leveraged. I am buying these on my own opinion that the market is way overvalued and needs to retrace! I currently have 11 shares of Direxion Daily S&P 500 Bear 3X Shares ETF (SPXS), and 13 shares of ProShares UltraPro Short QQQ ETF (SQQQ).
My honest hope is that I can get to the point where I am holding 100 shares of each while buying more into the higher moves if this market can sustain it. Only time will tell but outside of these two positions, the rest have done very well and I am expecting them to continue to perform positively. I have averaged into my previous holdings slowly, and now have an overall equity value of about $2,000.
For those of you that have been in a cave for the last week or so, the Stock Market has been crazy. When I say crazy ….. I MEAN CRAZY. Shares of the Company GameStop went to the moon thanks to a movement started on a sub Reddit group dubbed Wall Street Bets!! The move was created by retail traders who took advantage of the investing institutions that had large short holdings in the Retail video game company stock GameStop (GME). It was a massive short squeeze!!
What is a Short Squeeze? Glad you asked. Whenever a stock has a massive amount of its shares being held Short (meaning investors believe the stock will go down) it can be very advantageous for any one that understands that vulnerability! So, lets start with saying that if you sell short a stock the only way to cover your positions would be to buy back shares that you borrowed. See where Im going with this. Once momentum gets pushed against the shorts, the only way to cover your shorts is to become a buyer. Wall Street Bets was able to put power behind the buying to flush out the short sellers creating not only a huge market upset, but a movement that exposed some of the ways wall street prevents retail traders from being included in the momentum. Trading apps like Robin Hood and many other brokers restricted trading on the stocks that were presumed pumped from the sub reddit Wall Street Bets.
Even my current Broker Interactive Brokers restricted GameStop and several others during this episode. To be honest I was trying very hard to Short GameStop myself but that also became restricted……..go figure. Anyway big thanks to Wall Street Bets from……retail traders!!!!
This may turn out to be a very interesting year in the Markets so pay attention!!
Hello everyone! What a surprise, this portfolio is in new territory for growth! It’s Monday Nov 23 2020, and TheFreedomGrind Corona Virus portfolio is grinding past the previous in the money profits! taking the portfolios all time high to a little over +17%.
I have also used a measly $1.50 cent as day trading capital which is now $4.50. Most recently I bought 1 share of DPW on Friday and swung it until selling today bringing my cash balance from around $2 to $4.50. With no commission charge I figured why not!! lol!
Carnival Corps (CCL) is currently my best producing position! I am long 11 shares with an average price of $14.15. She is now trading in the overnight session at $18.75 per share.
My overall outlook is still long term. Even with the progress some of these stocks have made in the last few months, there could still be some downside. I am looking to slowly add to this portfolios capital to give it more power, and will be looking at value areas to enter if the price flatlines higher than my entry prices.
Let me know your thoughts about how Covid affected the market and how/if you are using it to your advantage! Leave us a comment if you liked the blog entry or just want to talk about trading!!
Welcome Back Freedom Grind Fam!! This morning I took one trade to get myself back on track. I have been using a new scanner to help me isolate the best setups I have noticed for my strategy and this morning it went very smooth!
I entered into SXTC towards the high of the pre market pump @ $2.87 cents average price with a 900 share order, however, I was only filled 554 shares. I am honestly glad it filled me that many shares because with the PDT, it was my only opportunity to get my money out of the market! Let’s check out the chart.
I shorted SXTC at $2.87 Per Market and closed this position Pre Market also at $2.24 cents for an overall profit of $347dollars on the Road to 25K. Thank you all for being apart of The Freedom Grind Team and following my Blog and Social Media Platforms!!!
It Always sucks having to describe a huge loss in the market but they are bound to happen!! Yesterday I placed a big trade in YVR. A couple of things happened that led up to such a big loss and I will describe them both here in the blog and in the YouTube Video above!
I got into YVR pre market and was actually in the profit for a whole there but decided to hold on to this position to avoid missing out on todays trading ( the PDT). What I did not consider was due to my overleveraging into this position, I basically opened up a major risk position! on the open the Stock Skyrocketed pushing my account into the negative – not a problem as I have sat through instances like that before – but in this situation I was in this position so heavy short that the broker decided I needed to liquidate that position and proceeded to do so. This left me with a negative trading day in the sum of -$2340. (OUCH). But the Broker did what they were supposed to do and in retrospect the trade was on me.
In the future I will not go so heavy into positions that are a little bit too risky for my account because that loss hurt. I lost 45% of my overall trading profits in this account in that trade and it will be a long Grind to get back to that point. All in All, its just another day in the markets and just a bump in the Road to 25K.
Welcome back Freedom Grind Family! I will be doing detailed reviews of my Day trading progress and metrics using the free version of TraderVue. (CLICK HERE) So far I have a decent amount of data that I can look at and review as it relates to my trading!
I personally love Tradervue so far. I know most of us use an excel spreadsheet and handjam our trades into some sort of journal manually. I believe most of us fall off that wagon after a sort period, but using TraderVue is so easy. You just upload your trading statements straight into your account and they do the rest. TraderVue gives you so much information related to your Trading performance. The type of information that Tradervue puts together for you is really a fantastic data profile that will allow you to really see into your own trading mind!
So far with the limited Data I have from my Interactive Brokers account My Day Trading Metrics are looking phenomenal! Lets take a look at some of the most important ones as it relates to a profitable and consistent strategy!
The metrics I look at on TraderVue are the Win/Loss percentages, The Average Daily gain/loss, and the Consecutive Win/loss ratio. These are important in determining whether you are on the right trajectory with your trading strategy! There is also another metric that I wasn’t totally sure what is was and that is called the Profit Factor. The Profit Factor is a number that determines whether or not your strategy is profitable with 1 being just profitable. My current Profit Factor is 69.93! My Winning trade percentage is (92.9%).
As I move towards the 25k mark I am excited to see this data evolve. Once I cross the 25k mark and am able to Day trade every day I will have a much clearer image of what my performance will look like in a longer term scenario!
Thank You for reading and joining The Freedom Grind Team and as always happy Trading!
Welcome back Traders and Investors! I had a pretty busy day yesterday so this post is a day behind! I was able to squeeze out two pretty decent trades for the day with Enzo Biochem Inc (ENZ), and Anchiano Therapeutics LTD (ANCN).
This trade went very well, coming into the profit pretty quickly! I was able to enter in short around 7.70 with 200 shares and closed the position around 6 dollars. The overall profit on this trade was $324 dollars added to the account.
The second trade I placed for the day was on ENZ! This stock was very volatile and a bit unexpected. I was in this trade pretty heavy with a position size of 452 shares. I am actually still holding 255 shares of this position short! I had to hold this position overnight in order to prevent any PDT Flag……..I hate this Rule. So far this position has already provided and if this stock can flush (go down in price quickly) at the open I will be looking to close the rest of my position out ASAP!!
On both charts the Thicker RED line represents my entry. On ENZ I got in premarket and had to hold through some upside pushes but was able to stomach the volatility into the profit.
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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