CREG Trade on Dec 19, 2017 10:00 from alext341: Tradervue User Stock Trades.

Another stock that I thought had potential as a high-of-day setup, but it failed to resolve its move, in a similar way to RADA that morning. I made the right, disciplined decision by stopping out of the trade for 8 cents of loss. Closed the trade for a net realized loss of $100.22.

This was the last trade before I had the discipline to stop myself from overtrading at this point and end the day red.

Strategy, again, is to build up this small account. I'm entering trades that I believe have a strong likelihood to deliver at least a 1:0.01 risk-to-reward ratio because with the high commission structure in Suretrader, and the high opportunity cost lost on a 6:1 reduction in buying power, it is important for me to focus less on 2:1--or more realistically 0.5:1 or 1:1--risk-to-reward ratio on scalp setups and more on stocks like TIK last week that went up 5 points intraday.

I do not agree with my trading mentor, Ross Cameron, when he says we have been in a strong market this week. Last week was much stronger than it is this week, as stocks like TIK and YTEN actually resolved on multi-point moves unlike today where RADA rejected heavily off high of day. True, KONE and LENS traded well today, but unpredictably so and only after RADA made the heavy rejection.

Why would day traders all of a sudden jump to a stock like KONE after RADA's heavy move down? Was it purely based off of trying to recover losses on RADA? Some of the chatroom participants noted that there was no reason for KONE to have gone up like that as there was no news on the name that morning.

It is important going forward to keep an open and mindful trading attitude going into the New Year. Just because you've already given back half of your gains does not mean you are not in control of preserving the gains on TIK and YTEN going forward by reducing share size and trading with an eye to quality stock setups. You need to preserve as much buying power as you can for markets that traded like the one in November or in January 2017. The time will come.

Just be patient and it will recover your losses from the previous year many folds.