I highly recommend watching @Investorslive Textboook Trading to beginners and intermediates as well to educate yourself about momentum trading
And the obvious disclaimer - I am not a trading/investment adviser so please be smart and consult a certified financial adviser before making any investment decisions
Summary of Trading:
Majorly messed up $SGYP - reminder that patience doesn't always work; didnt lock +$200 in pre, instead let it grind against me, and then made a wrong decision before the open to go long.
Other than that some better trading today
P&L: $716
Trades:
$SGYP tiny in pre
$SGYP back in - plan was to stay small and wait for the 8am volume instead of selling into the grind. See, patience doesn't always pay off. I later added when "they" seemed to have been absorbing at 7, added as trend held (higher lows) with risk 6.90; sold most when it couldnt hold 7.20s; added back when trend held again, with 7 risk; sold rest of position when big bidder at 7.10 was getting chipped away, gave back most of earlier gains
$CRMD flipped some on news only filled 300sh at 5.30 sold 5.79
$CRMD rebought when it looked perky; glad I didnt overstay my welcome, negative tweet from Adam F and it bombed
$SGYP bought some when it perked, plan to hold into the open; well that was a royal f*ck up; at least i cut my losses relatively quickly
$CRMD shorted small
$MNKD was short o/n added a few at the open
$ANTH longed some on the weak open r/g
$HIMX o/e daily, tried once under vwap and cut it when it had gone above it. Tried again shortly thereafter; risk to vwap, looking for g/r move; nice covers and nice adds, but support held too many times so I covered
$MDW on $FREE/$AXPW renewed strength
$ANTH gave back earlier gains taking the stupid trade (argh, first one had great r/r and reason behind it, this one was "just in case it breaksdown", which never works); at least i cut it quickly
$DSKX tiny into this para
$ANTH final trade for the day, had only 250sh due to poor entry, but it REALLY looked like it was about to breakdown. 9.30 risk
P&L:
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