This week was my best week yet since returning in March to trading! Switching over to second shift at work has really changed the game for me. Now, that I can sit at my computer at the market open and watch tick for tick and the patterns play out I am much more comfortable and confident with my trades.
This week I traded $WKHS $DCTH $DXTR and $MARA and I was profitable on all of them. I started the week with roughly a $2,500 account and ended the week up roughly $350 to $2,850 account. I know to most people this does not sound like a lot and in reality its not but that is roughly a 15% gain to my account!
And keep in mind too that I played it extra safe this week. I left a ton of money on the table. And I missed some good trading set-ups that I could have profited off of. But the way I look at it is if I can do this week after week, play after play, it will really pay off in the long run. So, I will continue to study my ass off and sacrifice sleep to be the best that I can.
So here were my trades for the week:
$WKHS - Bought this overnight on Friday 6/16 @ the breakout above $4/share on the anticipation of the unveiling of their 'Surefly Helicopter' at the Paris Air Show on Monday and sold premarket @ $4.24/share
$DCTH - Bought this Monday afternoon on the breakout above 0.09 @ $0.091/share thinking that it would get back to the premarket highs of $0.11. Sold out way to soon because the extremely high volume and the speed that this price moved scared me out. Sold @ $0.0965/share
$DXTR - This was my biggest gainer of the week that I made nearly 15% on. Bought into a strong close on 6/20 @ $0.2935/share and sold immediately premarket the next day @ $0.34.
$MARA - I missed a couple buys on this stock this week but finally got my opportunity today when it broke $0.30/share. Got in @ $0.305 and sold almost immediately @ $0.32 because it didn't look to be convincingly breaking out. Looking back I should have stayed in it obviously but hindsight is 20/20 and I learned from my mistakes this week.
I reflect on the trades that I made this week and see places where I can do better in some situations. For example, right now in this market speculative junk is running so I need to be more aggressive on these. I also need to improve on dip buying at better prices closer to resistance levels for bigger profits. But overall, I am extremely happy with my performance this week and I am really looking forward to Monday rolling around!
Thanks for reading and good luck to you in the market next week :)
Hey aim small miss small. Your growing your account. A win is great, a trade even if it doesn't go your way is a win as long as you stick to the plan!
@skyler Very nice man keep it up. 👍
@huperauxano after a couple weeks back I only trade with roughly half of my account size, all these trades this last week I went in roughly have my account size so roughly $1500
@Growth4me Aim BIG miss small :)
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