+$ 2,108 today!! Traded just two stocks: ESPR and AUPH.
I am super proud of how I traded ESPR today. This stock had big range and it would be easy to get ran over on it. I kept my size very small (500 share blocks), took profits on pulls, and then would add to my core. I even did a good job staying patient on taking gains and letting price action guide my profit taking. I never let greed get the best of me on this. It would have been easy to add a bunch more but I wanted to keep my average in a good place so I could play a push to 38. Trading it this way today allowed me to stay calm and make better decisions. I almost did not trade it due to the range, but I told myself if I stayed disciplined and controlled my size I would be just fine. Before I would have never trusted my ability to stay disciplined on a trade like this, but my progress in that area gave me confidence. I started in small at 36. I added at 37 and took 1/2 off on the pull to 35.8. I did this to allow me to add to a core if it pushed to 38. I never had that push this AM so I added again on the second re-test and fail of the high 36’s. I took 1/2 again on the Adam F negative tweet and added that 1/2 back on the pop. At this point my average was my risk level. I took off 1/2 again on the pull below VWAP. I wanted to take the rest off on a test of the low 34’s but it never got that low this AM. It held the 34.40’s a bunch of times so I went ahead and took the rest off. +$1,738 on this trade playing just small size! I have never traded around a core like a did today and it worked well. I have been watching Nate at investors underground trade like this for some time now so I decided to give it a try. I will have to continue to work on trading like that as it worked well.
AUPH, honesty I hate this stock! It is tricky and it is expensive to borrow. I kept watching it push higher and higher, but once it hit 9.20 with volume I just could not resist trading it any longer. I went in short and covered 1/2 on the first pull. I wanted lower but given this stocks trickiness, I simply did not trust it so I did not stay patient on the rest of my position. That turned out to be a mistake as it did finally break the 8.90’s and would have hit my final profit target if 8.80. Still a decent profit on a small position.
