Week 2 recap TLDR: followed an alert and lost. Independently crafted a plan and won big (very small account)
As mentioned in my week 1 recap I burned all my day trades in one day. Determined to not do that again I limited myself to a trade per day.
My first trade was a loss on KSHB. I was up in the air about taking it overnight then Tim alerted it and I took the trade. It was profitable but I didn't get out quick enough and it tanked. Cut my losses asap.
My second trade was essentially a sideways trade on ATOS. I missed my entry and chased alittle bit. I got executed but their wasn't too much move left so I got out.
My last trade of the week was on AKER. It closed strong on Thursday, the long term chart looked good. I was slightly nervous as it had no daily catalyst but it had previous resistance around $.40. My thought was if it breaks .40 that resistance will become support so I will get in around there and ride a purely technical breakout. My goal was to get out around .45-.46 as it would have been a 10% gain from my entry. The stock turned out to be the play of the day so I took partial profits around .46 and let the rest run to .54ish.
Overall I am happy with the week. I'm still very very new to this so to see the potential upside (AKER) is motivation for me to dedicate more time and capital to trading.
For the next month or two I will be focused only on morning dip/panic buys. Meanwhile I will work towards funding a bigger account. I'd like to have an account that's $1,500-$2,000 because in its current state commissions actually take a significant portion of each trade.
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