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:
Broke my rule of no trades the first five minutes of the session - and it cost me dearly; bad entries on $MNOV, just contrast those with the second trade (which should have been the *only* trade)
Glad to end in the green thanks to good trades on NYMX OGXI, but annoyed as without that silly trade at the open on MNOV i'd be up nicely today instead of having an average day.
Trades:
$MNOV small long in pre; in 4.50 out 4.78
$OGXI started small in pre, added para out the gate; covered when i ran out of patience
$MNOV picked the wrong side out the gate and got squeezed; shorted it again 5.10s, this is the entry one should have been patient for - made back the losses on the prior short, what a wasted opportunity though
$NYMX went long and closed it for b/e to go short
$NYMX tried twice more, successful second time around
$NYMX scalp short tiny size, 3 risk
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