A good trade is a combination of multiple items and timing is very important. After the absolutely amazing trading week last week I felt like I should be able to find some amazing trades. Well the result was overtrading both days. In overtrading you can stack up wins, but you also stack up commissions.

Todays frustration was with VRX seeing the evolution of the rise all day and My poor entries and exits on GIII. VRX. I had a good entry both times, however the second time I could have let it develop more for a better gain. On GIII my timing was all off. I started my short and it continued to rise. So I added and I added and then when I say I was in the green I tried to be patient to let the trade develop when I really should have taken the gain. I see the reversal happening right in front of my eyes and then boom in one minute it moved 54 cents and my gain was washed away. I then took the time to no longer fight the trend and go long. Trading is a perfect example of being in the moment and not hoping or living in the past. I was watching GIII and eating lunch with my husband. I saw it come to 15 cents from my exit target and a moment where I was hoping and not trading the action. I was distracted by conversation and didn’t sell with a nice gain. I then left for the gym and saw it retest up by 46 but it did not cross it again. Then it had an afternoon fade. I added one more time when it seemed like it had bottomed at 44.50 and then it collapsed down to 43.80.  I feel this week I’m off with my timing and need to be a sniper on entries and exits. I am finding the stocks with the movement and just not executing them correctly. I am still profiting, but I have room for improvement.

At the time of writing this GIII has moved up in after hours trading to 45 and should have a nice spike up at open for shorts covering. I anticipate it will hit 47 before the closing bell on Thursday. Don’t forget a shortened trading week with Good Friday.

My take away from the first two days of the week is be patient for the right stocks. Be a sniper on entries. The right stocks will perform. I feel like with GIII I almost had the deer in headlights watching it hit my targets twice and I did not execute. It’s ok something to work on and get better. Once I do I will be well on my way to making my cool Million ok first my $100K.

I hope you were successful yesterday and today and if not analyze what went wrong to try to correct it. My areas to improve are not to overtrade and wait for ideal setups with indicators on all three charts 1,2,5 min charts when entering a reversal trade. Then allowing the trade to work for me and when I see resistance or support don’t fight it take the profit.

I’ll be back on Thursday and hopefully will open my account tomorrow to see my GIII limit orders executed for a nice profit on my day off from the market.

Don’t forget you can alway check out Trade Ideas Trading Room for free during trading hours and they are allowing you a full free trial Wed and Thurs. Check it out!

This blog is for information purposes I am not a registered securities broker-dealer or an investment advisor. 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.

Screen Shot 2016-03-18 at 7.50.26 PM

It seems like each week my profits are becoming better and better. This week I had my biggest winning day twice. First It happened on Monday with $4500 in profits. Roughly $1000 on Tuesday and Thursday. My most exciting part of the week was finding ENDP on the scanner setting up for my new favorite reversal setup. Both SCOR and ENDP were down roughly 30% hitting 52 week lows and rebounding. I was lucky enough to enter $ENDP  on Thursday with an average of 28.24 which was 80 cents off the bottom of 27.45. I knew that it was oversold and was going to rebound. I had a limit set for open on Friday morning spike at 31.24. I thought it would improve throughout the day with all the shorts that sold off during the week and so I only sold half at open. In hind sight, I know that when I hold overnight for a gap up sell 100% at open don’t wait. I ended up adding on the lows and closed my final position at 29.73 for my newest biggest day of $4700 including my short on LXU which looked way over extended up from $6 in two weeks.

This week has been an absolute blessing and seems almost unreal. I remember the days last year I was dreaming of these sorts of wins. I was frustrated with poor entries at the time, sizing too big and not understanding the price action of the stocks. In time it has become clear through practice and finding a winning strategy for me. I started with Timothy Sykes and I have taken the knowledge from him and created a strategy that works for me.

Honestly each time I hit a new milestone like a $4500 day and then a $4700 day and a $11,700 week I have to pinch myself. This is my new reality it seems to have all clicked. It can for you too with the work. Every trader is different just like every athlete has their own stride. With the right training it can and will happen. I have run 4 marathons and have the mental will power to persevere. In studying stocks there is a large emotional hurdle to tackle when you have losses or you make a mistake.

In the beginning I would get scared and let fear cause me to exit a trade at the biggest loss point ever and then it seemed like it would rebound. I studied these mistakes and now I love the reversal. I figured out my weakness and turned it into my best strength. When something goes wrong turn it into a positive. Figure it out and learn from it.

Have an amazing weekend! Be strong and continue each day with a fresh positive mind and you will succeed.

This blog is for information purposes I am not a registered securities broker-dealer or an investment advisor. 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.

Screen Shot 2016-03-14 at 9.23.36 PM

Today began with pure utter frustration and me yelling profanities at my computer. I am usually a calm and even tempered person but don’t mess with my internet connection to trade. I logged on at 9:15 after dropping my daughter off at daycare to pull up equityfeed only to have the router drop my laptop connection. I was ready to punch my screen! I spent 45 minutes last night trying to figure out the problem so there would be no issues with trading. I even called Apple Care. Once my husband heard me cursing he came into my office and hugged me and reminded me about the hotspot capability on my phone. So I set up a temporary solution to tether to my phone, while my husband went out to buy our new amazing d-link ac 3200. By the time he came back I was proud to tell him of my success to be my most profitable day yet.

I have the chart of SCOR posted as it was my swing trade that I exhibited great patience. I entered last Monday at 28.26 after a huge selloff. I should have been a bit more patient to enter near the low of year and week of 26.20. I knew that the news of the delay of the reporting of their financials and a sell off of 30% was an overreaction. I think this comes from my value investing days where I saw this negative news as a catalyst, however the value of the stock would bring it back to close the gap.  Once the news of the selloff slipped away and some positive press behind it my target of 29.45 would easily be hit. My husband would ask me daily about the stock ever since I asked him to watch it when I took the day off last Tuesday.  We discussed last night about my sell target and I took my partial profit at 29.45. I had another target set to 30.49 and then as I saw it break 30 I let the emotions get to me. I saw the profit and I wanted to lock it in. As soon as I sold at 30.10 it continued to climb hitting 30.50.  I then saw an opportunity to short and sold at 30.40 and in a fat finger error I closed my short at 30.21. After that gap down it contined to climb up to high of day 30.89. Once again I need to work on letting my winners develop and not cut too soon. I am so thankful I made $4300 and learned how to anticipate these moves. I ended up going long again at 30.74 3:55 looking for a gap up and further climb to the stock.

Today was my best day yet with $4558. I am so thankful I took the time to work hard and learn. It is crazy to know that I basically made my husbands one month take home pay (converted to CAD) in one day. I was honestly in shock when I was sitting down eating lunch with my husband. My adrenaline was coursing through my veins and I couldn’t believe this has become my reality.

You can make it happen too with hard work! Study hard have the right tools and change your life starting today! It just takes small steps daily to make your dream come true no matter what you dream for yourself.

This blog is for information purposes I am not a registered securities broker-dealer or an investment advisor. 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.

  • In reviewing my trades, for some reason my lacklustre Friday with $430 in profits I feel like I didn’t perform my best. I think it is because I felt like I was scalping all day. I saw some trades set up today and I entered but was too cautious on my exits. Obviously I’m never going to be perfect on my entry and exits, but I need to get much better at letting my winners develop and not cutting them too soon. In two trades I wasn’t patient enough and I left potential earnings of $900 in the market. I entered FXCM after seeing it on Trade Ideas scanner for being oversold and I watched and I entered just 13 cents off the bottom 10.51. For some reason I traded very fearful today and cut way to early at 10.68 as it ran up to 13.00 for the next hour and half.  I did the same thing with STRP too selling it right at open after CLUB failed to spike. It ended up around 37 from my 33.49 entry and I sold at 33.99.

20160311_210916So my lesson for today is to remember to be patient in letting the trade develop and having confidence in it. I am still presently in SCOR from Monday as my swing trade. I entered way too soon with a 28.26 average. The low of the year and this week was 26.21. I felt that the stock was way oversold on news and has more value. This is where my prior training from value investing comes in handy.  I am swinging it up to my target from 29-30 depending on action, which will hopefully be met on Monday. Today’s price action reminded me that this is the right move to be patient. I’m looking forward to watching it at open on Monday.

Looking at my week in review, I hope you had a profitable week and learned from your trades. I know I’m not perfect and try to learn from each trade. Keeping at it each day and starting with a fresh clear mind has allowed me to end up this week up $2541. I traded 22 trades this week and 15 were wins. I hope to improve, 2 out of 3 trades winning isn’t so bad.

I think understanding how to read the charts is very important but having the right tools to make it easier really helps. That’s why I really enjoy Trade Ideas  with all the different preprogrammed scanners and the ability to create your own alert windows. It is really amazing and worth the investment to help you make money. Since I have been using it to help me find winning stocks my track record for winners has definitely improved.

This week has been quite complimenting with multiple people asking for help to learn, since Timothy Sykes posted my testimonial. I am always happy to help others as I was there myself just over a year ago. I am a firm believer that in giving back to others it will come back to me in other ways. That being said I am happy to answer any and all questions. I think the easiest way to help is to by answering questions here for everyone to read. So if you have a question shoot it my way either here with a comment, on Twitter @Jane_Yul , Instagram Missairplanejane or Facebook.

This blog is for information purposes I am not a registered securities broker-dealer or an investment advisor. 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.

This week was a rough one. I had 3 Red days and 2 Green Days. Overall I ended up with a positive week. Slowly but surely I’m on my way to 6 figure salary. January I had $3001 in profits and $6158 for the month of February, so I’m only shy $90K+ to make my first $100K. Little by little everyday with a fresh positive mindset.

This week was rough starting off Monday with a fever, but freedom to sit at my desk with my daughter at daycare. Unfortunately all week until Friday I had a nasty head cold that filled my sinuses with congestion and I think distracted me from making the best trades possible.

I found I did not have the best executions and rushed trades or tried to anticipate the moves. My biggest loser was a short $RAX that I let get out of control. I didn’t cut the loser quickly. Now in writing this I read it received a forth downgrade to strong sell. Murphy’s Law that since I covered now it will drop like $GLUU last week.

As many people have asked me how I find my trades. I start my day looking for Gappers on Equityfeed (at the bottom of their page you can try it free for 14 days) in the morning. I like that Equityfeed will let you look at yesterday’s ending prices as well as the present day action. I check to see if the gappers up from the night before have continued with higher volume. My morning gappers are run with a scan of price .5-100, Volume over 100K and trades over 100.  Sometimes on low volume days I go down to 75K or 50K to get at least 5 gapping up and gapping down.  I use that to get an idea of stocks from the open.

Something I have learned this week in particular is don’t anticipate the moves let the stock dictate the reversal from open. I check on level 2 to see where the strength is located and also the RSI and the time. I find anywhere from 950-1015 the stocks reverse pretty strong in the other direction and can be an easy way to profit.

After my initial reversal play, I check on Trade Ideas. Trade Ideas is absolutely amazing. You can set up your own alerts or there are 21 preset scanning pages from channel bar on the left as well as the Artificial Intelligence Holly. Here is one of the preset scanning pages,  Active Trading as pictured below.20160304_221527.jpgThis software has found me numerous winners definitely worth the investment. Holly runs over 35 different alerts and audibly announces the ticker when she enters a trade.

I found $SM from Holly, $CENX and numerous reversal plays. Definitely worth checking out  the site. On the bottom of the link to Holly page you can sign up to test the demo mode. Check it out.

As always I’m super thankful to be able to have learned this skill and I’m happy to share and help others. If you want to know something please feel free to ask here on on twitter @Jane_Yul.

This blog is for information purposes I am not a registered securities broker-dealer or an investment advisor. 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.

Here are my trades and profit chart for the week.

image

This week brought me back to the beginning of my day trading career. My daughter was unfortunately home sick 4 out of 5 days this week. The proof of my attention to the stocks was reiterated this week. Monday a gain 586, Tuesday loss 608, Wednesday gain of 728, Thursday a loss of 25 and baby free day a gain of 2300+. I know I should really call it quits when I have her home sick. I coordinated her naps to the open, but it wasn’t enough. I was still distracted.

I believe as a result of being distracted I went outside my normal routine and it went against me. I tried to hold earnings overnight and a loss happened. I tried to go long $GLUU and it went against me so I thought it’s up 100% and it will go back down after news, so I shorted it. Well I should have covered Thursday afternoon as soon as I was alerted that Tim Sykes bought.  Covered for a loss this morning to protect myself from a short squeeze like $KBIO. I am seeing that the reversal plays and the earnings winners are the bread and butter that I need to stick with.

I honestly love seeing the waves of momentum in the stocks and ETFs. Today was also the first day I day traded UWTI and DWTI. Made more than 10% of investment. +$1300. The week ended up being roughly +$2600 making the majority of February almost twice the profits of January.

I’m so very thankful to have found this passion for stocks. Trading from home allowing me the time to be present for my daughter is priceless. Honestly Tim Ferriss’ book the 4 her workweek helped me to change my mindset to work for myself. I’m also a fan of The Secret and find the stock market truly has abundance for everyone to win and be profitable with the work.

If you are considering trading for a living be aware it doesn’t happen overnight. It takes time to study and learn. Best thing I can recommend is paper trade until consistent. I wish I did before then I would have $6k more to trade with, but I consider it trading tuition to learn.

This blog is for information purposes I am not a registered securities broker-dealer or an investment advisor. 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.

I remember starting my journey the end of February last year with the goal of being profitable as a day trader. Then a couple of weeks ago I had my first day with over $1000 in profits. Now 7 weeks into 2016 I am up $4700+ after a couple losses and I feel disappointed with profits of $1100 this week working 3 days.

I remember when I thought I  just want to make a profit.

Now I feel like if I don’t make around $500 a day I’m not satisfied. Its interesting how perspective changes.

What I still need to be better at is cutting losers and not let them get away from me. I had some poor entries this week when I wasn’t a sniper waiting for the momentum to have already changed. Under water right now in 3 stocks $INCY, $TRIP and $RAX.

The best part of this week was chatting daily with my brother who is also excited about learning about day trading and in particular Tim Sykes’ methods. I loved starting off with Tim’s DVDs. Then I found Warrior Trading Chatroom and I love it.  I tried it one day free and I thought if I make in one day what 3 months cost I will subscribe. I did and so I subscribed. What I like about this chatroom is you have Ross as a visual giving you audio and Mike and Ed in the chatroom too. You have 3 great guys with 3 great strategies. My second reason for the chatroom are the scanners they customized from Trade Ideas. I have used them to find reversal trades and scalps to add to my daily wins. I’m happy to say I’m testing Trade Ideas now and I love all the features that you can add to scans and to alerts.  The AI Holly that runs scans all night to find setups for the next day. It is amazing software. The one issue I have is I feel I still need to understand all the parameters to create alerts that target the stocks I’m looking for to trade. There are plenty of chatrooms out there and teachers I think it is important to find one that has a fit with you. I like Ross Cameron a lot because I like the audio as he is doing his trades.

I had reminder today with my daughter home from daycare that I really should concentrate on her or trading but not both. I missed my close out opportunity for $TRIP.

As always Monday is a new day, a new week and new possibilities. As a stay at home mom I absolutely love my life day to day and thats what we live. Hard work and studying and adaptability will help you succeed.

This blog is for information purposes I am not a registered securities broker-dealer or an investment advisor. 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.

As many people I was looking for a career to create a life with more pleasure working for myself and more free time. I come from a family that believes in long term investing and I had a long term account. In 2013 I was lucky to make an investment at the right time. I bought AAMRQ at 2.51 and within 8 months it came out of bankruptcy and the stock moved up to $40 with a profit of $225K.  This allowed me to fully enjoy my year of maternity leave (Quebec is amazing and allows women a full year off). In that time I was actually trying to gain my real estate license in Quebec as I love real estate sales.  Well I passed all my licensing exams with just the French exam to pass according to french language laws. Forget all my history in the States I had to take a foreign language exam to even attain my license. Well I had complications with my daughter that did not allow me the free time I anticipated to study to pass the exam. I received 60% and not good enough to acquire my real estate brokers license in Quebec.  I felt defeated end of January 2015. I thought what on earth am I going to do. Well my husband said you are so good with long term stocks why don’t you look more at that.

So I began researching and I ran into this page and listened to the video. I thought I now have another 6 months of maternity leave left and I have some extra cash so I want to apply for the challenge. I went through the phone interview to screen if I had the financial ability to participate.  It was roughly $6k for the whole program including Stocks To Trade. More DVDS than you can imagine and a wealth of resources online and via email. Contact to Tim Sykes and Michael Goode and more. I was diligent and set up time to watch my dvds after dinner once my daughter went to bed. I was so excited I opened a day trading account. This was end of February 2015

Well I was learning through the DVDs and I wanted to apply what I thought I knew to the action daily. 1. I way overtraded and didn’t realize the fees involved. 2. I didn’t have the experience so I blew through another 5k pretty quickly. I had some winning trades and I tried to do it all while watching a 7 month old baby. Once my daughter was 9 months, I was in a winning trade and had a stop limit order in and the stop triggered the limit and I missed my trade due to not being in front of the computer, so I stopped real cash trading.

I continued to study for the next 4 months. Watching the live webinars and watching DVDs and watching the market action at open with watch lists that I had created the night before. Once my daughter went to daycare in September I now had my mornings baby free to dedicate the time to watch my trades. So I set up my watch lists and paper traded to become consistent. I played around with trying to find trends that worked for me as well.

In Nov 2015 my paper trading became consistent and I thought its time to try with real money. I was scared with my past where I had just burned through money. So I played small until I became mostly profitable with my real trades. If you check my profit chart you will see I was in the red up until about Jan 2016. It seems like it just started to click.

After watching the charts every day you start to see trends and you start to see setups. You understand how to read level 2 and understand the price action. It definitely did not happen overnight. It took time. It took dedication and perserverance. I have some bad losses too, but start each day  with a fresh clean slate so that mentally I’m in todays trades.

 

Please let me know via Twitter @AirplaneJane  or  here if you have any specific questions I can help you with. I know I had a lot when I started and I found the online help invaluable. I want to help and give back. Thinking maybe one day to set up a streaming channel to help once I’m really profitable. We’ll see…. I’m no expert but as my brother says he thinks I’m in the 10% that get it.

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 advisor. 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.

 

 

 

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. 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.

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.

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.

Track my progress here

Little by little each day I will accomplish my goal.

This blog is for information purposes I am not a registered securities broker-dealer or an investment advisor. 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.