First $1000+ trading day for me.

by | Feb 6, 2016 | Blog Post

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.

Trading FB for profit

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.

Trading Gaps Stocks

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.

First $1000 Day

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. Little by little each day I will accomplish my goal.I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you would like to be in Training Pit with me sign up here or if you want one on one training you can email me jane@thedarkpools.com You can contact me here or Twitter (@ItsAirplaneJane), Instagram (missairplanejane), LinkedIn and Facebook (@sugarairplanejane) or YouTubeThe tool I use for scanning and alerting is Trade Ideas who offer an always free trading room. You can receive 5% off with Promo code CARPEPROFIT15 all caps when you sign up here for your first year or monthTrade Ideas will be offering the quarterly full access test drive of their software their software in Nov 2019 for the cost of data fees $9.Another amazing software is Trendspider that has a new innovative rain drop candlestick that shows the volume for the morning session and afternoon session as far as the weight of it in price action. You can try them for free for 7 days here and receive 20% off with MTS20My book is available at Amazon FMJ Trust Transition Trade: How Successful Traders Said It, Did It, and Lived It . As well as  Barnes and Noble, Indigo, Chapters,and more.For my charts I use tradingview.com which offer free charting and paid services.Also Stocks To Trade that has a 2 week $7 trial This blog is for informational and educational 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 security or fund.