LTEA Trade on Dec 21, 2017 08:47 from alext341: Tradervue User Stock Trades.

Today was unusual for me as I broke just another one of my rules by trading pre-market. We have been seeing a lot of cryptocurrency stocks breaking out premarket and so I thought to trade that.

This iced tea stock came out with news this morning that it changed its name to "Long Blockchain," which is a play on words for going long a financial instrument. Naturally, as part of the bubble that we're in, it gapped up, so I took a scalp on a good 5-minute or 1-minute bull flag for a quick $40.06 net realized gain.

The pattern was so obvious and since it was pre-market trading, I did the responsible thing by scaling down on position size. Good trade.

Of course, I was still trading poor quality setups and not sizing appropriately on other trades. This was a disappointing day and ended up losing more than the day before. Cumulative net realized losses for the day were about $573.00.