Two trades today. One profitable one loss nothing special here.
DSS was up on news which
There was definitely an easy entry here that I took advantage of. I was looking for the breakout over a previous high. This gave me an area to get long and base my risk on. The trade definitely worked in my favor as the follow through was perfect. I typically trade stocks that are in play and have a reason to move forward. Same type of pattern I always look for, either a flag type of pattern or some sort of resistance or support that needs to be broken for me to trade in that direction.
P&L – $129.43
Another trade here was PETZ. PETZ had news and didn’t break out like I thought it was going to. I looked to get long over the previous high with
This was definitely a trade that I could have held and made roughly 30+ cents on with the move to the upside. The tape and the level II didn’t work out very well so I decided to get out of the trade. Hindsight is always right here and I should have held on the trade. I’ve had 7 green rows in a day. Although the winners are small, they are adding up. Now I am getting more comfortable reading what is happening in the market and specifically to the ticker that I am trading, I will start being a bit more aggressive with my trades to make more money.
P&L – ($55)