After a really terrible week last week that was all down to that stupid trade on ITRM which basically wrecked my profit I was really hoping for a green week this week. I am glad to say I stuck to my original idea of utilizing 100% of my account. Also the trades I have gotten in to have had a lot more upside than I have been willing to take. I think I need to begin a staging out process on the trades where maybe on the first trade of the week I take a 75/25 split on exit and then a 60/40 split on the second trade of the week. The third will depend on my mood and indeed if a third trade is available to me. (Of course this will all depend on catalyst and position on the chart/pattern of the chart).
Each of my trades this week have been found using my screener I created. Basically $1-10 stocks, High Volume and up 10%. When i create my watchlist I go through them to see what news or catalyst is pushing them up and then entry was based on strength at VWAP over at least 3-7 minutes. If I am honest generally I like to work with the lower priced stocks like between $1-4.
Also this week I have been able to gain over 15% overall on my trades which is also 15% gain to my overall portfolio.
N.B Just to say that I am really enjoying the Webull platform. Execution has been very simple and overall I really like the look and feel of the software. Now, Monday it did have an issue obviously during the morning. I decided that i wasn't going to trade at all that day as I had seen quite a few people had lost money because of being stuck in a position they could not exit. I do think that this is the kind of thing that can happen any trading software. It definitely sucks when that happens.
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