Well it's been an interesting week so far, market is very choppy. I did make a small play for a small loss. $VTVT was a planned swing trade, price did make a very small pop but then fell back down. I lost confidence in the trade so I closed it.
Even though the market big boys were showing a lot of red this week there were still some long plays to be had, I just didn't get in on any of them, I am taking a more of a side line watch and learn approach to trading rather than a active roll.
I am working on my quality of trades rather than the quantity with an emphasis on swing trading until I can get my trading account high enough to be released from the PDT rule.
I am currently holding a trade in $FTEK, I entered the trade on 4/30/2019 at 2.61 price tanked a couple days later but since then has recovered. I also have a position in $ARA that I entered on 4/26 at 6.68 price rallied as high as 8.00 but since then has come down to 7.09 as of today.
$FTEK was high risk when it didn't play out as I was expecting it to, the smart thing would have been to get out of the trade long before it went from my entry of 2.61 down to 2.07 but in my thinking I had to hold out all the way down to 2.03 where I placed my fib anchor point, I just felt it wouldn't go any lower, yes I know that wasn't a smart move but at least it has worked out so far.
$ARA has worked out exactly as I was expecting, it made a breakout and hit resistance and was rejected and I am anticipating a bounce around the 7.03 +/- level if it doesn't then I will close the trade.
I don't believe that I have posted that I also have been trading the Forex, I only trade the NZDUSD pair, I currently have a short entry trade at 0.66164 and currently have a profit of 174.00 looking for the Kiwi dollar to fall a little more before I close the trade.
And on top of all of that I am starting to learn how to trade options and binary options, dabbled in the binary yesterday and made $50 in profits, beginners luck I'm sure.
And on top of all of that I am testing Vector Vest as a possible trading platform, as if I don't already have enough studying to do and lifes responsibilities to take care of.
So much going on here, friend. You're your own man and I'm a n00b, but I gotta say a couple things because I'm worried about you. 1) A man cannot chase two rabbits. It seems like you're studying a lot. 2) Take the singles, man! You were so high! 3) Cut losses quickly! 60 cents/share is a HARD hit! Anyway, not judging. They're not my plays, it's not my life. I'm just shocked by this post
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