I made my first trade yesterday!
It was a tiny position on CLDN
I got in 100 shares at $1.317 and got out exactly 10 minutes later at $1.36 for a small 3.26% profit.
The stock didn't do what I wanted it to do, but I still managed to get out in the green.
My plan was to get in when it broke the historic $1.30 resistance and ride it up to around $1.60-$1.70, or to get out if it dropped under $1.25.
It was having trouble around $1.30 but It finally made it through and I jumped in. It was making a slow but consistent move up but started looking weaker and weaker, so I decided to get out at $1.36.
I'm pretty satisfied with my decision, it touched $1.38 and then faded, it's now at $1.27 after hours. Ill be keeping it on my watch list for Monday.
I was actually pretty dang nervous even though there was only $130 on the line. Just something about having a vested interest in the trade gets your heart pumping, It was awesome, I'm very happy about my first trade being a successful one and I can't wait for the next one!
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Good job man! Small position is the key, when you find your niche you can start add size to the positions. Also don't overtrade, i did overtrade alot.. commissions ate my account, for real... 70 trades in a month, sick.. that's like $1K+ easly. good trade, when the trade doesnt go as your plan, get out! Followed to see your progress!:)
Thanks Raidon!
Awesome, smart to have a plan and to have the mindset to be able to get out even though it didn't do what you wanted. trading scared is not a bad thing. Keep it up and I wish you much success
Heart pumping and adrenaline ? Spoking like a true day trader! Walking to the wild side! Your gonna love it. Small losses are good, keeps you grounded and makes you learn more.
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