$CATB, Trading and Being A Full Time Mom
I forgot how labor intensive a newborn is since taking care of our daughter is truly a labor of love. I knew it was hard work, but forgot all the effort and work and remembered the good times with daughter #1.
This week has been tough on me as I have been dealing with a bunch of hormonal changes. I know that this is related to hormones because when I have an emotion joyful or sad I ended up in tears. Not my normal reaction to be crying at the drop of a hat.
As I have told you before when you head is not clear or life is taking over don’t trade as it will probably result in losses with you mind not present on the trade. Well that is what I did again this week and concentrated on the book.
This week with my best friend in town to help with the baby, we concentrated on brainstorming for titles for the book. Thanks to the help of my hubby, best friend and twitter followers I narrowed it down and will reveal it soon. The ultimate title was with help from a twitter follower and he will be receiving a free signed copy at release. If you want to be added to the pre-order release list please shot me an email at carpeprofit@gmail.com
The pyschology aspect of trading is very important as the only person you are in competition with while you are trading is yourself. You want to be a better trader today than you were yesterday. That means you need to be aware of yourself and your thought processes. If you have a bunch of personal stuff going on that is distracting your brain. Take time to study the market. It will only help you.
Once we had the title down I could come back to watching the market at open. Friday I watched $CATB and it performed just as expected. I was watching the premarket movers on Trade Ideas scanner and I saw CATB as a big mover from Thursday. I set a premarket price alert to pop up once the premarket high was broken. Sure enough it happened right after open then pulled back.
The volume on Thursday was 50.8% short sold according to shortsqueeze.com. The daily short sale percentage of volume is a premium service, and can be worth it if you follow lower float stocks like CATB with 10.2 mil in float. CATB had 3.6 million in volume on Thursday with 50% short then on Friday after the pop in volume the volume jumped to 59 million. According to shortsqueeze.com 56% of the volume Friday was short sold. That means that there could be a bigger movement coming next week.
Earnings according to Yahoo Earnings Calendar is on Thursday the 16th and with this move prior to the earnings it seems there might be some insider knowledge that was leaked and the volume is preceding the news. This is 100% my opinion but many times we will see the volume comes in before the news is released.
In my opinion there will be more movement to the stock next week to the upside. Looking back at Form 4s for the stock 1 month ago, there were 4 officiers that bought 100k shares or more of the stock. This to me indicates A. They think that the stock is at a great purchase price and B. There is some inside information coming that will result in an increase in the stock.
Here is the 5 min chart of the stock on Friday. You can see right at open it popped up from 1.170s to 1.88. An initial Sell off with a bottom around $1.7 and then upside all day until roughly 1130 with a consolidation period around $2. You see that the volume that came in and all the shares that exchanged hands but the price wasnt moving to downside that the buying volume was creating support. It is no suprise that the close was back at that support level it held for almost 45 min in the morning. Look for a break of resistance levels of 2.20, 2.40 and then 2.75 for it really run next week.
All of this to say stay on track with you goals. I want to make this book happen for all of you and this time that my hormones are out of whack with trading is the perfect time to make it happen. Stay true to your dreams and put energy towards it everyday to change your future. I never thought of myself as a daytrader and an author of a soon to be goal of NYT bestseller.
You can make your dreams reality with hard work to change your own future. Start Today!
And if you reach out to me and I dont respond immediately please don’t take it personally as I might get to it at a 2 or 3 am feeding while reading on my phone.
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 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.
