HTGM Trade on Jan 23, 2018 09:31 from alext341: Tradervue User Stock Trades.

Today was another day of a disappointing string of failed scalps. The market has changed and, according to AverageJoeTrader, it has become more volatile. We saw the SPY make some bearish corrections recently after consecutive daily moves upwards.

Typically, what has worked for me in the past month or so, was jumping into small-cap stocks making new highs of day and scalping the sustained moves upwards. But now, I keep getting stopped out on lack of follow-through and choppiness.

The problem I have is that I keep overtrading these false breakouts and I keeping losing money. Today, on January 24, I had my worst trading day of all time, losing about $1,700 on with 50% buying power on day, most of which on ACHV, and giving back all of the progress I made in my account since I started trading again in December 2017. I felt very disappointed and angered at this, but this is test for me to see how well I do now that momentum is beginning to fade in the markets.

It could be months before we see it returning again. But until then, it's about not overtrading, trading small size, and sticking through the slow season we are probably going to have.

I have noticed that this change in market has blown up other traders here on Tradervue. The choppiness move upwards in RCON, for instance, forced many traders to cover in a short squeeze. It's about adapting to the market and not forcing it to do what you want it to do.

There are some other traders that just seem to make money no matter what. Ross Cameron of Warrior Trading made about $5,000 dollars today on Jan. 24. His average share size was about 10,000 shares, so that means his average profit per share taken was about 5 cents, which means he had been scalping for the most part. I believe, more cynically, that his 2,000 subscriber chatroom helps him get those few extra cents in the trade when he announces the stocks he buys into. The Ask on the Level II on the low-float small-caps typically stack with greater differences in price, with only maybe 200-500 shares per Ask lot, which means that it's not that hard for a chatroom of his size to push a stock up enough to get a few cents for a winning scalp.

I have no hard proof of this. I suppose the best thing to do is not to compare yourself to others, especially during these times.

HTGM was the first stock trade right out of the open for a daily breakout. Stopped out of the trade for a 1 cent loss. Closed the trade red for $15.11 in net realized losses.