$URRE was on my watchlist from the night before...this morning it wasn't looking too great but I was watching.
Got in when it dipped down to support @1.39 and bought 100 shares (I have a very small account right now)
Got out at @1.48 when it appeared to hit resistance (exit plan was @ 1.53) so.... only 6% profit but it was a profit!
Glad I went through with the trade instead of just watching/paper trading because it feels different and I need the experience to learn from.
Because I'm going through E-trade and my profit wasn't large enough I ended up losing $10.99 on the trade but again, worth the experience for me.
So, in summary... I got in 100 shares @1.39 sold @1.48 and made a $9 profit (haha)
Spent all last weekend watching Trading Checklist and taking so many notes...
So much learning to do but it feels good to be out here in action finally!
Im still on the sidelines... Trying to absorb as much as possible.
I'm about a month behind you, its good to see this post, very encouraging.
I'd love 10 6% trades a week using a $5000 position each time. Everytime I get into a trade now I have 3 numbers written down based on my entry price. 5%, 10%, and 15%. If I get into a trade at $1.50 I know at $1.578 I have at least 5% made. I also only allow myself 5% on losses now. Period. Don't fall victim worrying about the dollar amount. Worry about the percentages. As your account grows so will the wins.
Keep doing what your doing. It's better to start small like your doing then gradually increase over time.
Join now or log in to leave a comment