I opened up a new margin account with Questrade and deposited $1000 Canadian which is $750 USD. My goal is to turn my $1000 into $100,000 by trading. These blog posts are for me to track my trades and get better.
My first day (back) trading was Monday April 17 2017.
I took a loss on CBLI for -$33.80 even though it ended up being a 200% gainer...I could go on about this but I wont. I took a pic of the day chart and commented on it that I can retrieve later..
On Tuesday April 18 I got 200 shares of IDXG @ $3.05 (9:31:26)
Sold 200 shares of IDXG @ $4.05 (9:50:36)
$200 PROFIT minus $10 in commission =$190 net
I currently do not have a good trading setup. I have college classes or work in the am. I am trading on my phone for now. Mainly looking at pre-market gainers before the bell rings. Main things to look for are HIGH volume and good news report. Then check market cap and float + short size.
The mobile trading app from questrade sucks for charts. My eyes are mainly glued to the bid & ask + volume.
Lesson #1
While checking pre market, if a stock has extremely low float + volume. Consider getting into the trade BEFORE the bell rings. In this era of bull market, these stocks can fly! Take advantage and get in as soon as possible, for as low as possible. However, be prepared to cut losses if things don't go our way.
Lesson #2
Be prepared. Look at which stocks are moving pre market, make notes and follow them. Don't force trades. If your busy at school or work, consider not stat all trading. Use good judgement.
Join now or log in to leave a comment