Back to the basics. Nice
Entry comments: First trade of 2018 with my account rebalanced to just $12,415...I'm dip buying this recent Blockchain/Bitcoin play on a big multi-day dip that seems to have found a bottom in the low $3s and could go green today, my goal is to make 20-40 cents/share, ideally into a morning spike or gap up tomorrow...will do video lesson on this play and my goals for 2018 with my small account, I'll be under the PDT Rule and I'm fine with that, remember to read http://tim.ly/sykespdt
Exit comments: I wanted to hold overnight to conserve a day-trade, but my goals have been met and it's having problems with its morning highs around 3.60 so I can't be greedy and I have to play it safe/take this "single" since one of the keys of building a small account is taking small hit after small hit in order to be able to trade with a bigger account later on...I'll do a video lesson explaining this trade more in depth, but good start of profits of roughly $400 in under an hour
Date | Price | |
---|---|---|
Entry | 1/2/2018 | 3.37 |
Exit | 1/2/2018 | 3.57 |
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Nice!
Can't wait for that video lesson
Looking at the yearly chart would this be a case of resistance becomes support at $3?
HAPPY NEW YEAR 2018 Tim back to the Grind. 1Love!
Very cool
Great way to start the new year, perfect example to not be greedy and take the singles. Thanks Tim
lovely
Great nugget on taking small hit after small hit in efforts to trade with a bigger account in the future. Love it! Still learning and taking everything in...
Way to start!! a win is a win..
You are so inspiring Tim. Thank you
Thanks for posting Tim
Looks like you had the right plan, but when it took its last dip before close you played it safe and took your profits. But the stock did do what you thought it would and close near the high of the day.