Almost flat today, but I'm really happy with my results.
I started the day with missing out on ATI. It's the only in play stock yesterday (afaik) with good catalyst (earnings) but I ignored it because it is a $20 stock with a relative huge float for that price. It turned out to be a big winner yesterday with an easy setup on the pullback.
I was really focused on FOLD instead of ATI since I encountered trading a stock with such lousy PR that gapped up. The idea was to fade the gap which I did on the pullback on the pre-market low. However, I got stopped out and squeezed everyone else who shorted this stock then continued its inevitable downtrend. But this really made my day (or my night) since I was completely composed when I entered the trade and accepted the risk that comes with it even though I just got stopped out. I have a habit of getting scared out of a trade and micro-managing my executions when I'm jittery but today I followed my plan. I still plan to stay green for the week but I can't miss out to congratulate myself for this milestone.
GPRO formed a pullback on the 1 min chart which I also entered but almost failed. A few minutes later it morphed into a consolidation pattern (box) then I added more on my position. Setting my criteria for target price and trailing stops, I sold some on the rally and planned to sell 1/2 of my remaining position near the half dollar mark which didn't reached. So I followed my trail stop rules of selling below RSI 50 or breakeven whichever comes first.
I really want to acknowledge myself for not chickening out of a good setup and executing my orders without second thoughts.
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