This past week has been another whirlwind. I have been working hard at getting the book rocking and rolling along. Set up a trademark and did 2 more interviews with women. One in Toronto and one in Dubai. It is amazing to hear their journies and I look forward to sharing them all come publication date.
As for trading the week had strongward upward momentum for positive stocks and the loser stocks seemed to continue a downtrend.
$PTLA was a huge winner with their drug being approved. It went up 30% after the 2:12pm announcement that the FDA approved the drug. The last time we saw a huge run like this was $SRPT back in September on the 19th where it went up 80% in one day. I’m curious to see if the momentum continues tomorrow as there was the long 3 day weekend for the positive news to set in as everyone chatted away with eggnog and spirits.
My analysis and my opionion as I’m not a financial advisor is the shorts did not want to hold onto their short position A. over the long holiday weekend or even the last week of the year. There is less volume during these two weeks however if it is a lower float stock they leave themselves open to disaster if away from their trades as a short swing trade.
As for the losers dropping more many longer term investors are selling off for capital gains tax purposes. So this can lead to some bargain hunting. It was Dec 21st last year that I bought WYNN around 51 I believe and then by March it was back to 100. I was way conservative and only took about $6 profit on my shares.
I went out of my comfort zone on Friday and tried trading live with a webinar of people listening in and sharing my screen of Trade Ideas alerts. It was far more challenging than I expected it to be. I believe it is because in that hour I wanted to do a live trade and also answer questions. For me if just isnt possible to talk through a trade well and field questions. I went long CTAS and got out at my stop. If I was by myself I think I might have given it the wiggle room it needed to run up roughly $3 from my entry.
So I applaud all those that have their own trading room and are successful at teaching others and trading at the same time. It will be a little bit for me to get that under my belt.
So for now as you know I’m 6 weeks away from my guess delivery week of second week in February and the hormones have kicked in to cause me to nest.
All of a sudden it was….Oh I need to buy diapers, we need to move furniture, I need to get her clothes out and clean, dont forget the hospital bag.
All these things swimming through my head at the moment, so I know that I must trade smart this week as our baby is definitely on my brain.
I hope that you had an amazing holiday weekend with family and friends. That is what life is about. The love that you share with the people around you. Money makes life easier, but when you are in your grave it is the time you shared with people that matter that is more important than the size of your bank account.
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. firstname.lastname@example.org or YouTube
The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room. Discount Code through Tuesday Dec 27th is HOLLYDAY for up to 25% off. 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.