A Roller Coaster Week of Profits

Here are my trades and profit chart for the week.

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This week brought me back to the beginning of my day trading career. My daughter was unfortunately home sick 4 out of 5 days this week. The proof of my attention to the stocks was reiterated this week. Monday a gain 586, Tuesday loss 608, Wednesday gain of 728, Thursday a loss of 25 and baby free day a gain of 2300+. I know I should really call it quits when I have her home sick. I coordinated her naps to the open, but it wasn’t enough. I was still distracted.

I believe as a result of being distracted I went outside my normal routine and it went against me. I tried to hold earnings overnight and a loss happened. I tried to go long $GLUU and it went against me so I thought it’s up 100% and it will go back down after news, so I shorted it. Well I should have covered Thursday afternoon as soon as I was alerted that Tim Sykes bought.  Covered for a loss this morning to protect myself from a short squeeze like $KBIO. I am seeing that the reversal plays and the earnings winners are the bread and butter that I need to stick with.

I honestly love seeing the waves of momentum in the stocks and ETFs. Today was also the first day I day traded UWTI and DWTI. Made more than 10% of investment. +$1300. The week ended up being roughly +$2600 making the majority of February almost twice the profits of January.

I’m so very thankful to have found this passion for stocks. Trading from home allowing me the time to be present for my daughter is priceless. Honestly Tim Ferriss’ book the 4 her workweek helped me to change my mindset to work for myself. I’m also a fan of The Secret and find the stock market truly has abundance for everyone to win and be profitable with the work.

If you are considering trading for a living be aware it doesn’t happen overnight. It takes time to study and learn. Best thing I can recommend is paper trade until consistent. I wish I did before then I would have $6k more to trade with, but I consider it trading tuition to learn.

This blog is for information purposes I am not a registered securities broker-dealer or an investment advisor. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.

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Interesting how perspective changes.

I remember starting my journey the end of February last year with the goal of being profitable as a day trader. Then a couple of weeks ago I had my first day with over $1000 in profits. Now 7 weeks into 2016 I am up $4700+ after a couple losses and I feel disappointed with profits of $1100 this week working 3 days.

I remember when I thought I  just want to make a profit.

Now I feel like if I don’t make around $500 a day I’m not satisfied. Its interesting how perspective changes.

What I still need to be better at is cutting losers and not let them get away from me. I had some poor entries this week when I wasn’t a sniper waiting for the momentum to have already changed. Under water right now in 3 stocks $INCY, $TRIP and $RAX.

The best part of this week was chatting daily with my brother who is also excited about learning about day trading and in particular Tim Sykes’ methods. I loved starting off with Tim’s DVDs. Then I found Warrior Trading Chatroom and I love it.  I tried it one day free and I thought if I make in one day what 3 months cost I will subscribe. I did and so I subscribed. What I like about this chatroom is you have Ross as a visual giving you audio and Mike and Ed in the chatroom too. You have 3 great guys with 3 great strategies. My second reason for the chatroom are the scanners they customized from Trade Ideas. I have used them to find reversal trades and scalps to add to my daily wins. I’m happy to say I’m testing Trade Ideas now and I love all the features that you can add to scans and to alerts.  The AI Holly that runs scans all night to find setups for the next day. It is amazing software. The one issue I have is I feel I still need to understand all the parameters to create alerts that target the stocks I’m looking for to trade. There are plenty of chatrooms out there and teachers I think it is important to find one that has a fit with you. I like Ross Cameron a lot because I like the audio as he is doing his trades.

I had reminder today with my daughter home from daycare that I really should concentrate on her or trading but not both. I missed my close out opportunity for $TRIP.

As always Monday is a new day, a new week and new possibilities. As a stay at home mom I absolutely love my life day to day and thats what we live. Hard work and studying and adaptability will help you succeed.

This blog is for information purposes I am not a registered securities broker-dealer or an investment advisor. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.

How I started as a day trader.

As many people I was looking for a career to create a life with more pleasure working for myself and more free time. I come from a family that believes in long term investing and I had a long term account. In 2013 I was lucky to make an investment at the right time. I bought AAMRQ at 2.51 and within 8 months it came out of bankruptcy and the stock moved up to $40 with a profit of $225K.  This allowed me to fully enjoy my year of maternity leave (Quebec is amazing and allows women a full year off). In that time I was actually trying to gain my real estate license in Quebec as I love real estate sales.  Well I passed all my licensing exams with just the French exam to pass according to french language laws. Forget all my history in the States I had to take a foreign language exam to even attain my license. Well I had complications with my daughter that did not allow me the free time I anticipated to study to pass the exam. I received 60% and not good enough to acquire my real estate brokers license in Quebec.  I felt defeated end of January 2015. I thought what on earth am I going to do. Well my husband said you are so good with long term stocks why don’t you look more at that.

So I began researching and I ran into this page and listened to the video. I thought I now have another 6 months of maternity leave left and I have some extra cash so I want to apply for the challenge. I went through the phone interview to screen if I had the financial ability to participate.  It was roughly $6k for the whole program including Stocks To Trade. More DVDS than you can imagine and a wealth of resources online and via email. Contact to Tim Sykes and Michael Goode and more. I was diligent and set up time to watch my dvds after dinner once my daughter went to bed. I was so excited I opened a day trading account. This was end of February 2015

Well I was learning through the DVDs and I wanted to apply what I thought I knew to the action daily. 1. I way overtraded and didn’t realize the fees involved. 2. I didn’t have the experience so I blew through another 5k pretty quickly. I had some winning trades and I tried to do it all while watching a 7 month old baby. Once my daughter was 9 months, I was in a winning trade and had a stop limit order in and the stop triggered the limit and I missed my trade due to not being in front of the computer, so I stopped real cash trading.

I continued to study for the next 4 months. Watching the live webinars and watching DVDs and watching the market action at open with watch lists that I had created the night before. Once my daughter went to daycare in September I now had my mornings baby free to dedicate the time to watch my trades. So I set up my watch lists and paper traded to become consistent. I played around with trying to find trends that worked for me as well.

In Nov 2015 my paper trading became consistent and I thought its time to try with real money. I was scared with my past where I had just burned through money. So I played small until I became mostly profitable with my real trades. If you check my profit chart you will see I was in the red up until about Jan 2016. It seems like it just started to click.

After watching the charts every day you start to see trends and you start to see setups. You understand how to read level 2 and understand the price action. It definitely did not happen overnight. It took time. It took dedication and perserverance. I have some bad losses too, but start each day  with a fresh clean slate so that mentally I’m in todays trades.

 

Please let me know via Twitter @AirplaneJane  or  here if you have any specific questions I can help you with. I know I had a lot when I started and I found the online help invaluable. I want to help and give back. Thinking maybe one day to set up a streaming channel to help once I’m really profitable. We’ll see…. I’m no expert but as my brother says he thinks I’m in the 10% that get it.

I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have questions or comments you can contact me here or on Profitly, Twitter (@jane_yul), Instagram (missairplanejane), LinkedIn and Facebook (@sugarairplanejane). carpeprofit@gmail.com or YouTube

Working on my book  to be released this spring of 2017 available on Amazon and major retailers. Sign up here list for updates about when and where to preorder.

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room. Full Access Test Drive for $8.88 April 10-17th

Also testing out Stocks To Trade that has a 1 week $1 trial 

For my charting and level 2 I use Equityfeed.

This blog is for information purposes I am not a registered securities broker-dealer or an investment advisor. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.

 

 

 

First $1000+ trading day for me.

Today was an amazing day! After a rough day yesterday of being down $500 to back into the green with just $22 I came to my desk with a clear head. I had a swing trade of FB that I initiated back on 1/26/16 and I was waiting patiently for the price to correct itself from the 20%+ it gained in value in 3 days. Of course having Jim Cramer pump the stock nightly because his trust owned it didn’t help matters. My first big trade of the day was my FB short closing out at my limits. I see in retrospect I could have made much more but I was underwater for so many days I was happy to exit the trade. I began the position at 106, 109, 110, 112, and 115 with an average entry of 108.41. Seeing it go into the green really excited me. I have been know to watch my profits fade away and I didn’t want shorts covering to take me back in the red so I covered all pretty early in the day at average price of 107.24.  I also rode an additional wave by adding some back into my position 107.80 and closing out at 107.01. So overall for my trade in FB today I closed out a profit of $840.

I also went long FB with avg entry of 104.12 in hopes for end of day spike. I didn’t see the price action at close so I am holding over the weekend for open. A risk I’m willing to take with such an amazing day.

I have also been following the trend of gappers up and gappers down to see the momentum actions for the first day. For the most part the gappers up tend to continue up the first day and the gappers down continue down. Seeing HBI had gapped down already in the day I knew it would continue down. However I was impatient on my entry. I tried to short too close to open before prior shorts had covered and caused a spike up to 26.80 when my average entry was awful at 25.47. I need to have more patience on the entry. It was the same as on FB I was so happy to finally be green I didn’t wait for the bottom to cover at 25.25. Realistically I know I won’t get exact tops and bottoms, but I do know that I can at least get a better entry closer to 26.80 with some patience in watching the stock. It was 30 min into the day when the high was hit then it faded down to 25.10.  My second profit on HBI was a long from 25.10 up to my limit order of 25.49. Knowing the time of day and the downtrend in price would probably lead to shorts closing before lunch I went long at 25.11. I set my limit as was patient in letting the trade develop. I figured it would reach 25.50 and would have some resistance there and it did then continued on up to 26 as resistance. I left money on the table but 100% happy with the day and making a total profit on HBI of $641.

So my grand total for the day was $1481.

As my first blog post ,so please let me know what sort of questions I can answer for you. I was a novice beginning in day trading the end February 2015 with my first born 6 month old daughter.

I’m becoming exponentially better with confidence in my trades. $3001 in profits for January and the first week of February at $2,682. My goal is to make 6 figures by February 2017. On Monday I joked just $99k left to go since I didnt count January. I will try by Jan 1, 2017. So just a little over $94k left to go.

Track my progress here

Little by little each day I will accomplish my goal.

This blog is for information purposes I am not a registered securities broker-dealer or an investment advisor. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.