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.

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8 thoughts on “First $1000+ trading day for me.

    • Russ, It looks like 3.70 is a resistance level. Definitely watch the price action premarket on Monday. Maybe there was news that is due to come out over the weekend. I would consider how long do you want to be in the trade since it looks like in the chart for the past year 3.70 seems like resistance. I used to be a bag holder in the beginning and it is a tough pill to swallow when you take a loss. Look at every trade as a lesson. Even if you don’t profit you can gain from it in knowledge.

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  1. Hi Jane, congrats on your big win ! I’m happy your finding your way ! Just curious, what broker do you use in Montreal, since i’m in this beautiful city myself. Thanks

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    • Totti I am also a US citizen so I’m not the best example. I have three accounts Wells Fargo, Fidelity and Interactive Brokers. I believe Interactive Brokers and TD ate good options for Canadian Citizens. I DON’T like Questrade-stay away.

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      • Overwhelming number of fees. Brokers are in the interest of making money with fees and they nickel and dime you for everything. No shorts available for penny stocks. Just not satisfied with them so I left.

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      • I understand.The Canadian brokers leave a lot to be desired as compared to there American counterparts.The choice south of the border is plentiful compared to what we Canadians have to contend with.Fellow Montreal-er as well Jane.Looking forward to following your journey.
        Best of luck to us all 🙂

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  2. Looking at your setup,you running everything from the laptop or is there a desktop hidden somewhere?
    Also,between equity-feed and trade ideas that must cost you a few hundred per month?
    Sorry to pick your brain,i can stop if it is a bother.

    🙂

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