To repeat and then bring it into today’s trading, as more trades again in VTL, and then CVM, and MRNA, XOG still holding were all discussed IN DETAIL here. I’ll briefly discuss these, plus go over other trades, 2 scratches, no losers, a solid NBEV trade. Also, I gave my outlook on gold, for clients, last week, and early morning on 4/4 gave a specific buy trade recommendation. I’ll recap that later with my own trades:
My challenge for myself this year – starting with a very very small account, and having to deal with (or maybe not?), the PDT rules. There are ways around it, I’m employing 2 of those ways, but the trade sizes then must be kept extremely small. Doing a small account is something I’ve never done over my trading career, so there has been plenty to learn, and I’m really enjoying the challenge and the experience. All of this was discussed in the conference call recently. The way I’ve set this up and approached this, I am avoiding the PDT rules, small position sizing, but I do a lot of trades.
As discussed in this post about VTL, and the trades I had in there on 4/5. So how do I recognize, AHEAD OF TIME, which stocks have the potential for very big moves? I consistently have what turn into the top stocks of the upcoming day on my watch list
How do I keep – on a very high % winning basis – constantly/consistently finding/recognizing, and much more importantly — then trading, the #1-5 top stocks of the day? – HARD WORK. Period. Many of these trades have been posted and discussed in detail, on the website. Are you studying studying studying these? If not, you do not deserve to succeed.
READINESS-TO-MOVE (RTM):
I have a system, strategy, approach which I had – recognized something, a pattern, repeating, then I started watching it, tracking it, developed it and honed it – and it took a long time, and I’m still honing.
To repeat from 4/5 post:
My list coming in to 4/5, plus VTL which was added before the market open and was the #1 stock of the day and CVM also on the list was the #3 stock.
…XOG up 10% sold 1/2, ZYNE up 17% sold all, …CVM the #3 stock of the day up 21%, MRNA bought the bko all time-high at 23.30 on Friday up 12%, and DNR up 9%.
Today on 4/8, excellent trades in CVM 12% on 1/2, and NBEV 15% on 1/2, below after VTL. then scratches basically, in SPN, SCYX.
And today in VTL, another bko, chart #1, BUT pure bounce plays, to me at that point. Bought the 1,2,3 dip bounce setup, yes spring, at .7050, chart #2, took another 11% out of VTL, was NOT going to hold it for another big run, chart #3, because not sure about the trend anymore, you need to understand where the stock is at in each moment in time.
Chart #4, added on to the original position, believed still underlying momentum, bought .7200, last chart sell at .8250 another 12%, then scratch the rest. Click on the charts.
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CVM, discussed in previous post, I used my “good close setup” to enter, sold 1/2 in pm trading:
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NBEV, solid trade, it broke out, trend was up, I completely respect the trend, bought bit high, dip setup, sold 1/2:
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SPN and SCYX, trend trades, got out because not moving:
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