A day to clear my head and prep for Friday
This week I had a good day on Monday with a profit over $500 and then a loss of $100 on Tuesday and another loss on Wednesday of roughly $600. So I chose to take today off to try to clear my head. I did have a swing trade in $NVAX for my hubby’s account and so I waited until open to put a trailing limit order in to make sure there was a profit locked. It closed out with a nice little profit of $125.
When I have two days in a row or a big loss day I find it very beneficial to clear my head and review what has happened. For my trades on Wednesday I would have actually been up $2300 if I didn’t want to be flat when the fed made their announcement. Like with earnings you can’t predict the outcome and I did not want to gamble with my trades. Sure I could have re-entered the trades, but my thoughts were off because of closing the losses. So I stepped away and closed my trades.
In taking the day off from intensely watching the market I had a chance to reflect a bit more on my trade decisions. I find that as I’m further along in my pregnancy I need to snack more often in order to stay alert.
Sometimes I become absorbed with the stocks and watching the alerts on Trade Ideas and studying charts that I forget what time it is and need to eat. Well in the process of growing a new life I need more healthy fuel for my brain.
In addition to the blog and tweets, I have also started to do a weekly YouTube video about my week in review and stocks that I’m looking at going into Monday. The goal is to post them on Sundays for everyone to see before the start of the trading week.
I try to share my experience in the positive and negative the best way possible. The week has been a good one so far as I have swing trades that are working well in $NVAX, $WTW, $STRP and $RJETQ.
In addition to being profitable in day trading, I’m doing some longer term swings of either a week or more. Once our second daughter is born I am thinking that I might very well swing trade as well as overnight momentum plays for what is strong from the day before.
Going into Friday I’m looking at $ACIA $SRPT,$CWEI, $MLHR, $VA, $TTOO and $MRTX
I love hearing feedback from you. It makes my trading more persnal 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, Instagram, LinkedIn and Facebook. carpeprofit@gmail.com or YouTube
The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room.
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 adviser. 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.
