Another Crazy week with $ALXN, $AKAO $UHS,and $JWN
This week was another crazy busy week. In trading $ALXN I was rocking with the bottom bounce on Monday and then the nice reversal all week to end up $10 from the bottom on Tuesday at 110. I traded both the stock and options for a nice profit on the name.
With Options I am learning it is even more important to cut the losers quickly because it can grow into an exponential loss with the expiration date cutting the value of the option as well as the stock moving against you.
$AKAO had some great movement on Monday and I traded it for nice gains and went long just before close as a strong stock with momentum looking for the gap up on Tuesday morning. Well at 4:01 I have a trading buddy with Benzinga News and I got a message they were going to do an offering. I reacted to the news and sold for a loss after hours.
$UHS was another great winning stock I traded both long and short on Wednesday. I was timing the momentum well and banked on reading the chart based on RSI and Bollinger bands.
Wednesday was another big day as I was honoured to be interviewed by Jeremy Newsome of Real Life Trading. Jeremy like myself has the goal to really help others profit and learn in the trading world. It is coincidental that we met up through one of my followers Dee who also lives in Nashville. The internet is a wonderful thing. Here is the interview.
Wednesday evening I also had the pleasure of doing another interview for my book about female traders with Latoya who also happens to be a moderator for the Real Life Trading room and has two little ones in her office/playroom while she trades. It is so amazing to hear others’ stories about how they made it to become successful in the trading world.
My book is in the process of being written and hopefully off to the editors come Jan. 1st. My goal is to be able to tell you guys it is available in print and ebook by Middle of February when our little one is due.
Thursday I traded $UHS and I was not trading the chart but trading with hope. It does happen to me sometimes too. When my mind is not in the right place and I think no this stock has gone up so much it must come down. I shorted and exited at stops then resorted and exited at stops and I was trading the wrong side of it throughout the day. So I had a red day on Thursday. Sure enough it was Friday with the trend of the market that UHS ended up
Friday which tends to be my strong day started out rough with the internet crashing before open. OK got that fixed. Then my charting software half of the charts wanted to work. Frustrating and then I was in bounce positions on OFIX and AGIO my broker site went down. I was in the midst of setting up limit orders to execute for the bounces and it went down. So I called in the orders and made a bit. Then I saw JWN on the biggest losers list. In my head it was so oversold and it needed to bounce. So I went long at 11. Well it continued down and I got distracted and ended up taking a $1 loss/share. It ended up being another red day based on JWN.
Overall another great week of profits bringing my month profits to roughly 5k. Not as good as some months this summer but. I am trying to get a lot done before our second daughter is born.
I am loving being able to share my experience to help empower women to step into the trading world. The biggest hurdles we have in life are the ones in our mind. So once we break down that fear and take little steps into the uncomfortable and move forward we make progress. Many time progress comes from stepping into the uncomfortable world and learning something you thought impossible. Thats when the impossible becomes possible.
Super excited about the book and I have a new fire in me to really make it happen to help others. It is a tool I wish that I had at my fingertips when I started really day trading a year ago.
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, 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. Next week long Open house is coming in January for full pro trial for more than likely less that $10 to sample the software.
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.
