IMG-20160910-WA0007.jpgThis is my first day trader conference ever and it has been an amazing experience so far. It is nice to be in a room full of like minded individuals. The beauty is last year I was just beginning my journey of day trading and I wanted to attend but felt like I did not know enough to participate. Well these conferences are all about motivation and getting student traders on the right path.

I was absolutely honoured to be featured in Tim Syke’s opening dialogue about trading and you can see a quick 2 min video my hubby filmed. It is still surreal that I began this journey one year ago and have already broken the six figure mark. The hard work and dedication pays off

After the mention by Tim I have been approached by many aspiring day traders with a multitude of questions. I will try to put a small recap here of the most asked questions so if they can help you as well.

First was when and why did I start? and was I a trader before?

I began my challenge program back in February of 2015 when our daughter was 6 months old. In Canada we have a 1 year maternity leave program and I wanted to find a job where I could provide for my family and work from home to be present for our daughter. So I began studying and broke the rules and was distracted by our daughter. I put it aside until I could devote the time and energy to studying while she was in daycare Sept 2015.  I had been a value trader up until 2015. But fundamental value trading is quite different to day trading.

Did I paper trade?

Yes! When I came back to studying, I studied not only Tim’s DVDs and webinars but also the daily market action at open. I took from Michael Goode and started using an excel spreadsheet to track stocks and their actions. I also paper traded to gain my confidence and consistency. From my paper trades I analyzed my trades to see where my strengths lay in my trades. Turns out Tim Syke’s strategies were not the best for me but I had found buying oversold stocks that were reversing were my winners.

Did I have a an Ah-hah moment where it clicked?

Once I analyzed my paper trades and saw my strengths it began to click. Go with your strengths. At that point I positioned small with real money to remain consistent and confident. Once my win percentage started to increase I slowly positioned larger. My confidence went up and by the end of January my positions grew as well as my profits.

Why don’t you trade penny stocks?

I found that trading penny stocks was not a strength of mine and so I stuck with the strategy that works for me. The price action on stocks $5-100 tends to be more predictable and profitable for me.  I have a stock scanner that gives me audible alerts for stocks that meet my criteria and I check the charts to see if that chart follows my ideal setups.

If you could go back and give yourself one piece of advice what would it be?

I would stay study the market and terminology before jumping in and trading. Then once you study practice with fake money to build consistency and confidence in yourself and your trades. Once you have that confidence and consistency over 50% position small and protect your equity. Continue to build your confidence and your profits will show that.

Your strategy is different from Tim’s…Why?

Every successful daytrader has their own strategy much like we all have individual fingerprints. It takes time to develop your strengths and your risk tolerance. Your trades are a reflection of you, so take the time to learn yourself through trading and excel with your strengths. It will pay off in the long run to become self sufficient. It won’t be a quick process, but it will be profitable in the long run.

I’m so happy to hear how my blog and tweets have helped others. I was in your shoes just about a year ago and happy to share what I wish I had there to help me along the way. The market is large enough where everyone can win long or short. If you have a bad trade look for the positive in it and take it as a lesson. Try not to beat yourself up but analyze it. You can get there! Surgeons did not wake up one morning and say hey I’m going to perform surgery today. It took time. Day trading is a profession as well and it is expected that if you want to perform well that you study hard too.

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

Working on my book  to be released this spring of 2017 available on Amazon and major retailers in 159 different countries. Sign up here 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.

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.

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Coming off the holiday weekend and a 3 day trading week with travel on Friday I was very happy with my $3K+ day.

The new strategy of catching the end of day winners and riding the momentum overnight has been working. The news tends to carry at least one night With REN on Friday and today I made over $2800 on this name in two days. When there is strong momentum with a stock, especially low float it is easy to rake in the profits.

However with a low float stock it does also bring volatility which can cause drastic price changes. In order to continually profit it is important to have an exit plan in place. As I learned from another trader it is important to have your exit plan set up when you enter a trade. I usually pay attention to price action to help determine my exits and as the price rises I uses stops to protect profits should it tank. I’m finding that with the lower float stocks stop limits don’t always execute because the price action can be so whippy.

Today while at the Doctor’s office in the waiting room, I watched the price action on REN. I saw the selloff at noon and rocked a trade right before 1230. Then I my blood pressure was taken as a routine check. Well it was a little higher than my usual but still great 125/70. I mentioned to the nurse I thought it would be higher because I had just exited the trade locking in another great profit. Then she asked how do I learn.  Simply check out my blog.

It is not something that is learned overnight as you have seen throughout my blog now. Day trading takes time to learn the market. I’m still learning new things everyday.  I have noticed with my trading while pregnant I’m trying to diversify. I’m not sure it that is a good thing or not. I want to be effective at a couple different trades.

Lately the strong end of day movers have been gapping up nicely. Today I found a new way to scan for stocks ending up at the highs of their day with the charts and even 52 week breakouts which is why I went long $LMAT at 20.86.

The biggest gainer of the day $CLCD had a great end of day run up from 21.80s. It ran all the way up to 24. I had an entry at 23.54. I should have exited when it dropped to 23 with a stop. and re entered down at 22. I need to get better at stops to protect the drops.

I’m diligent about protecting my profits on the way up, but for some reason I am not the best about a stop on the way down. Rule #1 is always cut your losses early. It is not always easy to take a loss. But the patience of a good or better entry does pay off.

Once I saw CLCD break 24 for the second time during power hour I bought a small swing position at 24.12 and saw it closed up after hours at 24.40. Looking for a gap up above 25 Wednesday morning. CLCD is a lower float stock with 5.1 Million in the float and a fairly high daily short sale volume.This is what interested me in swinging a stock already up 123% for the day.Screen Shot 2016-09-06 at 11.10.47 PM.png

My other swing trade for the night is the trade of the week from Trade Ideas. I bought a small position of $ASPS with 9.8 million in the float and 52% short interest. The short interest can create a snowball effect with momentum. The whole basic supply and demand of shares available and the shorts wanting to cover to lock profits or minimize losses. Screen Shot 2016-09-06 at 11.12.53 PM.png

I do still love my bottom bounce reversals, but I have found going with the momentum tends to be a bit less stressful than the bounce. The bounce plays when timed right are fast and easy money to be made.

I have to say I have had some great emails to carpeprofit@gmail.com about people letting me know how my experience has kept them motivated. It is touching to know that I can help people around the world even when I have losses. The name of the game is keeping your wins bigger than you losses.

We are imperfect as humans and have emotions, so those losses are expected sometimes. And just because you locked a loss it doesnt mean it is a poor trade. Did the price action continue to go against your plan then it was actually a smart trade for stopping the loss.

We all learn from each trade. I’m still learning everyday and I am looking forward to the convention in Orlando where I hope to learn more.  As a profession I’m passionate about I don’t get bored learning new things in the field. I’m still a newbie, granted a profitable newbie. There is so much and it does not happen in one day. Looking to have more great days like today.

Goals for September:

  1. Patience on Entries
  2. If it goes against me cut losses quickly.
  3. Try to let the profits rise and not sell too quickly.
  4. See if the new momentum overnight trades work well. Will that work for long and shorts?
  5. Write down the trades as they happen and enter trades nightly. (Pregnancy has me tired more quickly)

We all get better when we step outside our comfort zones and challenge ourselves. So take a step forward and try to learn something new. When you put in the effort the reward usually follows. Just make sure to follow the rules. It’s always good to analyze your trades

See you in the morning on Twitter and Carpe Profit one at a time to grow your 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. carpe profit@gmail.com

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room.

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.

If you have been following my trades you will see I’m attempting to try to add a new styles to my trading. It is the breakout fill the gap and the overnight momentum plays.

With the breakout to fill the gap I look for a chart where it has had a huge overselling of the price recently. A big example of one I will have on watch with a price alert is $GCOsc.png

As you can see on September 1st they had poor future estimates for the company and it tanked. First it opened down at $56 from a previous day close of around 73. It sold off all day down to around 48.50. I played this one for a bottom reversal play with shorts covering from the long weekend. For those that went short on Wednesday August 31st they were definitely happy with roughly $25 a share profits in the crash. This one will take more time to recover and I will put it on my watch list for when it finds a bottom and starts to uptrend. Once it breaks that HOD (high of Day) for the 1st of 58 it should start to fill the gap. There is a nice void from 58 to 72 a $14 gap to be filled. It probably wont happen as quickly as it occurred but it should create some momentum.

I am also working on Overnight Momentum trades like with $RENsc.png

As you can tell with $REN it is in breakout mode. July 11th it started to spike up and doubled in value from $4 to $8. This stock is one of my favorites with a low float of 10.8 Million and a short float interest of roughly 14% now.  There was a secondary surge in the beginning of August with positive earnings and positive forward looking outlook for the company. This third wave is a break out of the company’s 52 week high. It closed on Friday with a price of $22.03 and had a high after hours of 22.74 before closing after hours at 22.59.  This low float stock had an amazing day Friday. It broke out new 52 week high and the low float with shorts that tried to short at the high should have them covering on Tuesday.

$SPU is another one that is known to run. 

On Friday it hit a new high for the week with a sell off right before close. This Stock has 994K in the float so less than 1 million which leads to volatility. They just won a contract in China on the 31st of August which caused a huge spike on the first and the second. With such a strong finish on Friday looking for the continuation of the move on Tuesday. With move volume we could easily see it hit up to 15. I will have a stop as this is a volatile stock and could easily whip the other way.

My third stock I’m excited about for Tuesday is $RJETQ. If you have been following me on Twitter you know this is one of my long term holdings. Republic is a bankrupt airline stock. As with American Airlines when I purchased it in bankruptcy I knew it was going to come out restructured and more powerful financially. Republic filed Bankruptcy to eliminate certain aircraft from their fleet as well as the extra costs such as maintenance, hangar rental space and more. They also filed in order to go through contract negotiations again after it took them 7 years to finalize this newer costly contract last June.  This company is concerned on bottom line numbers and did this simply to save money. Now that they released this 8 K SEC filing. and have come to an agreement with  American,  the 3rd and final airline. Now they will be able to petition to exit bankruptcy. This is huge and could be the catalyst that causes this stock to go from a close Friday of $0.88 to well over $2. The stock traded at a  high of $15 in the past year and a half. 

I do well with the reversals, but I’m trying to broaden my repertoire and this week I’m due to hopefully fit in a one on one training with Dan Mirkin from Trade Ideas about learning Options.

I think Options would be good for me as I tend to see bottom reversal setting up on higher priced stocks and to my knowledge I would be able to leverage my capital better with options rather than buying the shares outright. We’ll see I need to learn before I jump in head first.

This holiday weekend has been a great time with the family and this extra weekday off I use for studying and will be expanding my knowledge to learn more about options. I’m excited about Friday , where I will be heading to Orlando for the Trader and Investor Summit. If you will be there and want to meet up I’m planning and meeting some people at Hooters on International Blvd. from 8-10. It will be a long day of travel and I get exhausted more quickly now that I’m 4.5 months pregnant so an earlier night for me. If you can make it I would love to chat in person.

 

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.

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room. They have an amazing discount going on through Monday Sept 5th with promo code LABOR2016

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.

 

 

 

As we approach September 1st, the beginning of my intensive studying of the market 1 year ago, I think back to the questions I had just starting out. One of the biggest questions was how do I find these stocks to trade. Sure I had studied Tim’s DVDs and the theory behind the winning trades made sense, but how was I going to find these stocks that are so active.

Well it took time, but I figured it out by finding the right tools. There are some free tools that are useful, but as the saying goes you get what you pay for. It’s like trying to make a fine dining pasta dish with frozen pasta mass produced versus fresh handmade pasta.

So in the beginning before I found my favorite tools I would use Yahoo’s biggest gainers  or Finviz .  Both of these are good for information, but I found it was good for stocks at the end of the day. Sure it is easy to see what has happened, but the key to getting into these stocks while the movement is happening is a tool that is up to the minute.

I definitely used Yahoo and Finviz for research at night. It was great practice to see the charts and what happened throughout the day and if there was a catalyst. Was there a big announcement of a contract win? Positive Earnings? or maybe a low float stock that had a little bit of movement and the shorts got squeezed on the stock?

In the beginning it is important to understand how news is likely to affect a stock.  I say likely because the market does not always react rationally and stocks can tank with positive news like $PSTG on Friday.

So write down the big movers and see the reason why they moved as well as what happens the next day. Try to figure out the why and put yourself in the brains of the other traders to understand their moves.

Back to finding the stocks. So I had found a great way to find stocks at the end of the day but how was I going to find those stocks in play at that moment. There does tend to be momentum to stocks on the second and third day as not all traders are day traders. Many people think the stock is still at a great deal even if up 5-15% so they buy looking to make money. That continued momentum will usually keep it going for max 3 days. Although sometimes it can be one day affair and boom the stock crashes.

I tried Stocks To Trade 1.0 which was served data by EquityFeed and I liked their service, but it still did not give me quick snapshot of the market to find this stocks. There was too much specific filtering for the lists for me to easily find what I wanted to see. Don’t get me wrong I love Equityfeed for my level 2 data and charting but the lists of active stocks was still missing.

Then I found Warrior Trading Chat Room that had a free Monday Trial and they had this great software on screen sharing. Well I wasn’t shy and I asked what software it was that they were using to filter all the data to come up with their lists.

Turns out it was Trade Ideas. After seeing a demo of the software in the trading room I began to do more investigation.  I began using the full pro package with the back testing and Holly. Sure enough it very quickly paid for itself. The software is amazing and the customer service they provide is even better. This software no lie can be overwhelming with all the possibility of personalizing it to each individual user. However they also have amazing present channels like Surge which shows you the stocks that have a surge in volume right up to the minute.

Finally it was exactly what I was looking for in software to find stocks to trade. I mean the company name says it all Trade Ideas. This system lets you put your finger on the heartbeat of the market with the stocks that have volume and price movement.

Navigating the ocean of stocks without the right tools is like trying to cross the Atlantic with a raft . Why would you do that to yourself and make it so difficult. I completely understand the costs of getting into trading in the beginning. It can be overwhelming but not having tools that make it easy to me is foolish.

It was interesting too because it wasn’t until after I was using the software that I discovered the Free Trading Room. A Trade Ideas sponsored room that is very positive with Barrie the moderator (just tweeted 8/30  Get TI Premium for 25% or regular TI for 20% until Sept 5th! Use Promo Code LABOR2016) and Dan the CEO and other great traders all providing their experience. I have learned from them as well. It is a nice positive area to learn about the software and some winning strategies for profiting on stocks.

The whole journey of becoming a day trader is not easy. There is the psychological aspect of it. The funding of your trading account and how to use the trading software and then how do you find the stocks. I hope this helps you with the last step.

90% fail because they don’t study and learn. It’s easiest to learn from others’ successes and failures. The goal is to become self sufficient and not follow anyone but you need to learn how to do that. It doesn’t happen overnight.

So in the early phases study successful people and use the tools to help you succeed. Don’t trade blind. Do the prep work and understand what is going on before jumping into a stock.

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.

Working on my book  to be released this spring of 2017 available on Amazon and major retailers in 159 different countries. Sign up here 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.

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.

So I have been keeping a secret from you guys…..I have to apologize, but you will soon understand why. I had a such a poor performance in June because I found out yes I’m pregnant. I’m now 15 weeks pregnant and Due in February.

For all the ladies out there you can sympathize with the fact that I had baby brain in June. For all the men, baby brain is a phenomenon when the hormones in a woman’s body go haywire with all this baby growth and make your brain fuzzy. It feels like if you have every had a great workout and your blood sugar is low and your brain just doesn’t seem to be clear.  That is the best way I can describe the fuzziness that happened.

Not only that but I also had morning sickness where I just felt like puking all day long.

So that is why I only really traded for 2 weeks in June. When my brain wasn’t feeling right and I was feeling sick I stepped away from my desk.

It is very important to be in touch with your body and your mind to have a clear head to make great decisions in trading.

I found I was making super beginner mistakes in June because my reactions were slow.

Again it happened the beginning of this month when I went for the genetic testing. I had my tests done on August 4th and for the next two weeks my mind was slightly distracted. I found out the results last week that the genetics testing was all good and the ultrasound looked like no issues presenting at this time.

We are still waiting on one stressful test of Zika Virus. As you all know my husband is a pilot and flies to Caribbean destinations. Well when he was in Cuba and his fellow pilot opened the cockpit window to get some fresh air he was bit by a mosquito. It was only  one bite and the chances are low, but we have to be smart. So we did the test now 3 weeks ago and we are waiting on the serology results to come back negative. So my mind is still a bit distracted.

I have to apologize as being a transparent trader this was a hard secret to keep quiet from you all. For those that will be meeting me in Orlando you will see the tiny belly bump. And it explains my unstoppable cravings for Wings and wing sauce. Mmmmmm

Phew feels good to come clean about that one.

Sometimes I’m also exhausted at the end of the day and that is why my blogs are some times off schedule from Tues, Fri. Trying to get better about that.

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.

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room.

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.

As in life you are always tweaking your style. Sometimes we revert back to old habits and have to have something happen to remind us to improve.

Well the pain of Tuesday is one of those experiences. I know I need to put in Stops to protect myself at entry. If it goes up. Move my stop up to protect those profits. I love saying Carpe Profit as it is one profit at a time that will grow your account.

As long as you keep those profits overall bigger than your losses the account continues to grow and grow.

This week was fun with some great stocks breaking out and really spiking. On watch for monday is $SPU with the 46% short float after the spike friday. The stock closed green on the day even though it dropped down from the spike.

I have had people asking me about my schedule at the Trader and Investor Stock Summit in Orlando.  I am willing to meet with people from 8-10pm probably in the hotel. I mean a lady needs her beauty sleep right.

I will  be there with my family so I would like to prioritize dinner and Bedtime with my daughter. One of my driving factors in going into day trading was to allow more time with my daughter so I will be giving her my attention in the evenings.

I also had people ask if there is an email to correspond with me and I set one up capturing my favorite phase. So if you want to email me my email is carpeprofit@gmail.com  I will warn you that if I get overwhelmed with emails it might take me a while to respond.

Another update I have going in on is setting up a  weekly vlog. My husband is a huge fan of YouTube and is really encouraging me to do a weekly video. I did a twitter poll and it was a resounding 95% yes. So it looks like we will get things together to do a weekly Video to start sometime in September.

I did take two day to work on my book. I’m hopeful to have the manuscript submitted to the publisher for printing in 2017. I did not realize how time consuming the writing process is for me and so I’m anticipating one day a week minimum to write. I will try to add the afternoons as well to bang it out.

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.

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room.

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.

Screen Shot 2016-08-16 at 10.37.25 PM

So you ask what happened?!

Well the day was going great. I was having an $1800 + day and then I went long at 39 and I did not follow rule #1 to cut losses early. I was so cautious yesterday and had a 100% green day with no losing trades and improved my win rate to 71.1%.

My mindset was this stock is now showing oversold on RSI and the shorts will cover and spike it up. Well it dropped more and I added around 38. I have been so good about using stops to protect profits but I did not on this trade. I usually go for oversold stocks and this was the reverse and outside of my comfort zone.

After making $1800 on the name I had superhero feelings. I felt like I could do no wrong with the trade. I got stubborn. Then as the loss got bigger I was in denial. Then when it broke down to 35 I was in shock and not sure what to do. Then I reflected and went into acceptance that I was bag holding and I would have to cut the loss. Looking at the chart it looked like it was going to drop more overnight than continue up. I did not want to be in the position as it continues to drop in premarket with sell offs and lose even more money. I let the loss get big enough and now it is time to accept it and move forward.

One of my good friends and great expert in psychology of trading, Mandi Pour Rafsendjani  has a great article where she sums up the where feelings can cause that loss to happen.

Mandi has helped me with my emotions to try to reign them in and keep everything in perspective to profit more.

My big faults with this loss are :

  1. Didn’t cut the loss quick enough. I didn’t use a stop.
  2. I felt I could do no wrong with this name since I made close to $2K on it.
  3. Was hoping for action and denying the price action. Looking towards the future instead of being present in the trade.

So in regards to this painful loss I am taking a couple days away from trading to clear my head and work on my book. Not to mention deal with another incident of water damage from a giant rain storm. Sometimes life just happens.

I highly recommend that when you have a day makes you feel bad with trading step away for at least 24 hours. When Life happens prioritize it first instead of forcing trades  with a distracted mind. It is important to be focused on trades when trading.

I had two $2K+ days and then another almost $2K day and the superhero mindset, I can do this, set in and caused me to have a bad loss. I know I can recover I just need time to digest and grieve and come back fresh.

I had a follower post on Profitly  (AMR024) that they reached their first goal of $2K in profits and I am very proud to help people change their future. It takes time and hard work and practice to become consistency profitable. Those people that want the quick pick and immediate satisfaction usually will not be successful in the long run. The ones that study hard and improve themselves and study their trades will be more successful. So happy to hear that I’m helping others.

Being profitable myself is great, but sharing some of my tips and having others succeed is very fulfilling.

Thank you to my followers that have supported me today and reminded me of what I offer back that each loss is a lesson.

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.

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room.

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.

 

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I have to say Thank you to you. I began my real journey of day trading intensely day to day almost one year ago. It was in September that I started to devote each morning to my studies to become a successful day trader.

The statistics of 90% that fail didn’t get me down. I knew that I can do anything I put my mind to and with hard work become successful in that 10%. So I was watching stocks at open to study the charts to see trends. Just like many individuals look for overextended charts to the upside I thought to myself I bet there is a trend to the oversold stocks.

So began my Excel studying of stocks that sold off big with earning losses or negative press. I entered the stocks and I tracked the price action at open and close for 5 days. I began to see trends. And then I began to see trends on certain days of the week.

At this time I was brand new to Twitter I think I maybe had 5 followers. I never thought me as a stay at home mom would have a followers interested in what I had to say. I still remember the day I broke 10 followers and told my husband and then 100. It was exponential growth like a short float stock. Today I broke 5000 and I’m happy to help each and everyone of you.

Having everyone interested helps me to become a better trader. I want to be transparent with my entries and exits, wins and losses and psychology behind it all. When I was just beginning I remember reading about the losses other traders had. There is so much to learn from each loss and not just a negative.

If you continue to make the same mistakes after you have analyzed your trades you are ignoring your own weaknesses. Another very important part of my trading journey has been my trading journal. I write down every trade with my entry and exit. I then review my trade vs the price action of the day.  Analyzing both good and bad trades helped me improve.

I also took the time to read books about traders. The Market Wizard books and Momo Traders are great reading material which really helped me to learn from individuals compiled together in one place. This literature also inspired me to work on a book of my own which should be off to publishers for release in 2017.

I say all of this as a thank you, because  holding me accountable makes me perform better and want to share more to help others. I am a mom and love teaching my daughter and being a positive influence in her life and I like to help all of you too. When I was just starting off it was extremely overwhelming but I continued my studies on a day to day basis. With perseverance you can do it too.

From past blogs you know that you have to find a style that fits you. Everyone’s risk tolerance is different and so is their timeframe for a trade. Some people love the adrenaline rush of a 1 min trade and some like a timeframe of 1 month spending most of the time away from the computer. It is up to you with practice that you will find your niche.

I will be updating my Profitly  profile to reflect all my trades from this week. Honestly this week I learned more about myself. I had set up some swing trades before going on vacation and they have taken more time to perform than I anticipated. I got frustrated and closed some at a loss to have more capital to trade intraday.  I know that I really enjoy the intraday work usually from 9-12:30 and then the rest of the day for family and life and maybe a visit back to my desk for power hour.

As you can tell the learning curve to success does not happen overnight with stocks and day trading. My husband has been watching videos and listening to my advice and now his paper trading is becoming successful because he studied first. There is also a learning curve involved with the software and that can’t be rushed either. So bottom line is learn it right from the beginning and don’t waste money in the market with losing trades. You are expected to lose a bit in the beginning but the more you look at risk/reward for each trade setup the more successful you will become.

Someone asked me about stops and stop losses. I use stops many times once the price action is in the green for me. Most of my trades are at what appear to be an oversold area of the stock.  As the price action moves up I set a stop to protect profits. Sometimes I get stopped out before the upward momentum is complete, but I’m not upset because I locked a profit. A loss can be frustrating but a profit is never frustrating as it was more than I started with in the morning.

Thank you again for inspiring me to inspire and help others.

As always 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.

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room.

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.

Screen Shot 2016-08-06 at 10.06.12 PMIf you have been following me on my blog, Profitly and Twitter you probably know that I look for stocks that have been oversold and down at an extreme looking to return back to a sense of equilibrium.

This week in particular I was looking at low float stocks because they tend to really run if the demand increases and there is only so much supply so the price really goes up quickly but it also goes down quickly. This past thursday alone there were 3 stocks that really moved and had breakout spikes. It just so happened that I had just set alerts for low float breakouts and caught them. HMNY went from 7 to 15, RGSE went from 6 to 11.60 and GBR had a 30% run from 3 to 4.

I don’t only trade low float stocks, but the potential for great returns in a short period of time is possible.  To me and many others a low float stock is typically a stock with 20 million in the float. Now what is the float you might be asking?  Well a float is the amount of shares of the stock that are available for the public to trade and exchange hands on a daily basis.

Back to STRP and what indicators give me the signs that this stock should have a nice upward rise soon. Not only is this a low float stock but there is roughly 30% of the float short. As you can see from this shot taken from www.shortsqueeze.com the float is 8.3 Million and the shares short are 2.7 million.

Screen Shot 2016-08-05 at 10.55.54 AM

Now if you are new you might be saying what does it mean to be short? Well short means that roughly 30% of the shares available have been borrowed from brokers being sold without ownership looking for the stock to drop. In order for these short share owners to make money the stock has to go down. If the stock goes up then they buy to cover their borrowed shares from the broker.

This is what many refer to as a short squeeze. Many times the fear of a stock going up will cause the shorts to cover (buy) shares to lock in a profit. Not only will the fear cause the short owners to cover their position but the brokers will give the short owners margin calls to buy back the shares. If the owners of these shares do not cover their stock many times the brokers will cover for them. This is a forced buy in and the brokers don’t care what price they buy the stock they want to no longer lend the shares to the short owners.

This all causes the momentum and volume to increase as well as demand for the stock.  Then you add the traders that are interested in capitalizing off this squeeze and their demand to buy the stock low increases and drives the price up as well.

When you look at the big chart at the top (tradingview.com) you can see the RSI for STRP dropped below 30 on July 26th and 28th. When it hits 30 it can be an indicator overall that the stock has been oversold. Since the 28th the price action has slowly increased but the volume has still been around average of 196K a day. Friday had an above average day in volume and the price broke out a 6 day high. The next level of resistance is 20.46

From July 18th at a high of 40.75 to July 28th with a low of 15.65 there is big range of growth potential from the 18.67. I’m swinging this stock and looking forward to when the volume and demand drives the price up above 20.50 and the shorts stops start executing and driving the price up at a fast rate.

Please note my blog is based on my personal opinion and my experiences in the market. I am NOT a licensed broker.

As always 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.

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room.

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.

As I learned back in March, when I had my most profitable month, sometimes I need to take a break and step back to enjoy life.

Each month that passes with trading I find out how to balance life and trading together. It is truly a career that I love going down to my desk.  I’m seeing that my trades are better in the morning ending around 12-1. The afternoon volatility isn’t as good in the morning and it results in slower more boring trades.

So I tend to try to trade the mornings from 9:10 to 1 at the latest. Leaving mom duties, exercise and relaxation throughout the day. Sometimes I will watch a stock on my phone and use the stock tracker app to monitor if I want to enter a trade if I receive an alert that a double bottom has set up for the day.

As a mom I see more value in family and try to visit my family in the States at least 4 times a year. When we pack up shop for a trip I try to change the focus for my setups to a week long swing trade. In doing this I look at a longer time frame of a stock.

For a swing trade I look to see is there a nice void to fill? Does this stock have value to it? Is it oversold on the yearly chart? What day of the week am I going long?

Sometimes the swings take longer to really perform, but the initial buy does perform. These trades take patience. This patience I find is easier when I disconnect from my laptop and step away and let the trade develop. I do check in periodically while on vacation, but I try to prioritize time with family and friends.

When we were at the airport ready to leave I locked another $1000 profit on $STMP. I was daring and bought 200 shares  at 80 to swing through earnings. It spiked to 87 after hours and I set a limit at 86 to sell at open, but it only went up to 85.44. So my swing idea was correct but my limit order was too high. Still long for a small loss now and giving it time to develop.

I was also alerted from an apprentice (Thanks Chris) who knows my style and asked me to look at $INFN. It looked like it was primed for a gap fill above 8.64. It was slowly approaching and so I bought at 8.62. I gave it time to really spike above 9 and nothing happened. Then Cramer touted no one should buy it so it sold off a bit. Today I put in my limit for 8.79 and it executed and continued on up. I was curious why there was such a spike in price action and read that the CEO had bought 100,000 shares when it dropped down to 8.48. So I decided the original idea was correct and went long again at 8.94 looking for a spike with the positive news in AM.

All this being said it is possible to find balance in trading and in life. It is great to be able to sit down at my desk and make these profits, but there is definitely more to life. Taking the time to step back and put it on simmer watching the daily price action instead of minute by minute is important.

What is all this work worth when you don’t enjoy life. For some it is traveling the world, which is what it was for us before our child. We specifically worked for an airline and flew around the world for $300 as part of the perks. Now with more perspective in life we value family time and need to honour it.

In stepping back it also allows you the time to look at your trading with a new filter. Like when you are first absorbed in a relationship and it is hot and heavy and then you need a break to assess these intense emotions. Trading is great, but sometimes too much of a good thing is not good for you.

So balance in life is important in whatever you do. Not too much of one thing as it will cause your equilibrium to be thrown out of whack. Like my style of trading looking for price extremes to come back to equilibrium, life is easier when you are not living in an extreme.

As always 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.

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room.

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.