Hey!
Today, I accomplished 2 big milestones. I made the new most profitable trade of my life today, and more importantly, I have accomplished my goal of making $25k in trading profits! I am more happy about the latter because it shows that I am consistent and not just someone who gets lucky with a big win.
I have become a very consistent trader and I am starting to see bigger profits over time as my confidence continues to grow. As long as I stay consistently disciplined I honestly believe I will continue to improve and keep locking in profits everyday! It feels great to set out a goal and work hard until u achieve it. The key was that I did not put a time limit on this goal so I have stayed true to not forcing any trades and have avoided overtrading pretty well I think. With the proper strategy, mentality, discipline and patience, I believe everyone can be trading at my level, if not better. Now, for the big trade!
You guessed it, it was FORD. I was fortunate enough to catch this one early during the breakout. It came up on my scanner as a big percent gainer so I put it on my main watch and monitored it closely. I bought right at 1.30 during the breakout because I could see the buyer volume picking up very fast and I could just feel that the breakout was barely beginning. Keep in mind that I had a plan to cut a loss under 1.20 if I was wrong since this stock had already gapped up huge which is often recipe for a risky play. However, I was confident enough to go for it because I felt very strongly that FORD would be the big runner of the day. Turns out I was right on. It's not that I expect something like AQXP to happen everyday but I am certain that everyone and their mom is looking to trade another supernova like that again. Heck, I know I was! I still hate that I took Friday off and also slept in on Monday morning (so I missed both of the huge breakouts on AQXP).
But hey, I'm not here to dwell on the past, today, FORD was name of the day. I think FORD would have easily went over $5-$6 if didn't get halted constantly. Unfortunately, it seems that AQXP gave the SEC reason to get more aggressive with halting. The halting minimized the massive spike potential. I can't complain, though, this was still the most profitable trade of my life. I locked in $1934 total and I played with barely 2000 shares. I wish I would have used more size for this trade and I was also hesitant to add any shares during all of the crazy halting as I have never experienced anything like that before. I decided to just focus on selling the shares in chunks to lock in profits. My highest selling point was in the high 3's right before it topped, but my average sell came out to 2.277 because I locked in most way too early.
After this trade I hung out for a little bit in chat and found myself tempted to trade more. I decided to sit on my hands just in case I did something regrettable while I was on this huge mental high. I really felt amazing because this is my biggest trade to date and I also realized that it put me over $25k in profits which is a goal I’ve had in mind for 2 months after reaching $10k in June. Later, I went outside and jumped in my pool. I took the rest of the day off after less than an hour of trading today :)
Next goal is $50k and then the big 100. Again, no idea how long these will take to accomplish. I only know one thing... I WILL NOT STOP UNTIL I HAVE BECOME A GREAT TRADER!
Thanks for reading! Follow me if you want to stay up to date with my trades and blog posts.
Thanks for all of the comments guys. Sorry, it's not letting me give Karma to some of you
Awesome score, Ike! So but so happy for you!! Also really like the way that you typed all your thoughts out ;))
Wow...congrats man!! all the best for your journey!!
just saw this right now, you're a beast!
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