Subpar trading today. I was not focused. I looked at the small-caps out of the open and missed the entry on SQ.
This stock moved about a whole point, Ed made about $40.
It should be noted that Suretrader restricted margin on this stock, w/o putting it up on the m-r list
No trades today. Lesson is to keep focus on the mid-caps.
Ed and I are now about caught up with each other
He only made about 20 when I made 50 ish yesterday. I made none and he made 40. So he’s about at 60 and I’m at 50 ish.
Suretrader deducted monthly platform fees today, so my equity is now down to $1,680.54
SQ came up, but I missed the entry again, as it broke below 47.47 intraday pivot. Got in about 20 cents late and fumbled my orders. I wanted to scale out in two orders, for 30 cents each. I scaled out once at the 30 cent mark, and tried putting in limit order stop for 30 cents more, but accidentally got out the whole position. So I ended up paying more in commissions :/
Looking for another entry on this stock at the moment. Up $68.94 net on the day, gross $83.79.
Got in SQ at 47.19 again but on a failed setup, on a continuation bounce off the 5-minute 9-ema:
The stock ended up closing at my technical stop, above 9ema, so I stopped out, lost about 10 cents on that trade on 200 shares.
Closing the day now with $36.83 in net profit, $61.58 gross. Calling it a day.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-04-03 11:41:15 | SQ | sell | $47.390 | short |
2018-04-03 11:50:38 | SQ | buy | $47.000 | short |
2018-04-03 11:52:11 | SQ | buy | $46.940 | 0 |
2018-04-03 12:17:00 | SQ | sell | $47.190 | short |
2018-04-03 12:35:17 | SQ | buy | $47.300 | 0 |
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