0.2847.66
25.01800.0
Total Profits:
$133.27
$24 Profit
CLVSLong Stock
MichaelGTrades

Good trade. Recognized the momentum swing up well before hitting $.40 and and got out around $.40 where there was bound to be round-number-resistance.

000

-$132 Loss
ATXILong Stock
MichaelGTrades

I had so many chances to get out but I got married to a personal thesis about the stock and got burned because of it. From now on, cut losses quickly. No more bag holding.

000

-$68 Loss
CCNCLong Stock
MichaelGTrades

Not a bad trade, but I made a huge mistake which was that I did not sell while I had a $30 unrealized profit. This stock had substantial resistance around and just above $.30/share yet I held on gambling it would break $.30 and when it did not, I continued to hold because I had wed myself to my flawed hypothesis it would break $.30. It was also a huge mistake to not cut losses quickly. I should have called it with a $30 loss. $100 swing here.

000

$60 Profit
TOPSLong Stock
MichaelGTrades

Once again, I think patience after market open is helping me trade more reactively to good opportunities which I think is contributing to my high winning percentage. I was extremely tempted to impulsively go long on a few top gainers today, but I waited and found TOPS had once again gained momentum and my risk reward was solid. I was certain it would go higher, but, as I've said before, I'm trying to develop the habit of taking substantial profits while I have them.

000

MichaelGTrades

Did not rush to make any trades this morning. Looked at top gainers for the day and TOPS made the list. Looked at charts dating five years back and saw it's a former runner -- a former parabolic runner I might add running to $1000+/share in what I presume was a short-squeeze. Additionally, I saw TOPS had $38.8 million in revenue and $8.6 million in net income for the first half of the year. Seemed undervalued to only have a $20MM market cap. Took the trade willing to hold weeks. Took profits.

000

-$66 Loss
CSCWLong Stock
MichaelGTrades

Obviously a horrible trade. The trade was bad because I: (1) Traded today because I told myself I would, (2) kept adjusting my risk down, and (3) made a prediction about how far down this stock could go. Obviously not happy with a 10%+ loss. I needed this though. This was a good wake up call regarding losses since I haven't had a big one so far. I'll just wait the rest of the week and see if there is anything worth trading. If not, then I won't trade. Too predictive.

000

$28 Profit
SNTILong Stock
MichaelGTrades

This was a great trade because I reacted appropriately and did not predict. I was watching 4 top gainer stocks any one of which could have theoretically popped. In fact MOTS opened up over 100% this morning but I didn't jump in because technical were telling me the right thing. SNTI was at $10/share a year ago at this time. Technicals showed me if it broke $2 it could run a bit and it looked like it wanted to break $2 and had good support. Sold to develop the habit of locking in good profits.

1
000

-$21 Loss
INMLong Stock
MichaelGTrades

Horrible Trade. Not much good to say about this trade. I jumped the gun and did not wait patiently enough for good opportunities. Again, I'm really trying to develop the habit of trading reactively in lieu of trading predictively. This trade was far too predictive. The only good thing to say about this trade is that I cut losses with my stop but even then they probably should have been cut sooner. My focus needs to be on developing good habits, especially trading reactively.

000

-$11 Loss
FFIELong Stock
MichaelGTrades

Abysmal trade which can be attributed to two factors: (1) I predicted in lieu of reacting and (2) I set a stop that was far too low resulting in a 14% loss. Realistically I should not be trading anything within the first 20 minutes of market open and in fact because that just makes me too susceptible to my own behavioral biases, namely, FOMO and predictive trading. From now on I'll be more patient and wait at least 20 minutes after market open to trade. Luckily dollar value loss was small.

000

$20 Profit
ATHXLong Stock
MichaelGTrades

Timing was not great but chart looked alright. Over the last year this thing has been slowly grinding down week after week from the $30s to now the $1s. This morning it jumped 30% or so on some news which is when I picked it up on my scanner. It seemed like reasonably good risk/reward and considering 365 days ago it was trading at $30+ -- I could see it blowing up. I think I sold too early, but decent-sized gains add up and I want to be in the habit of taking reasonably substantial profits.

000

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*Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here.

Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.