Capitalizing on Breaking News Spikes
⏰ALR spiked from 140 to 250 after breaking news at 8:00 a.m.
⏰Focused on consistency and building cushion with smaller green days at the beginning of the month.
Strategic Entry and Profit Taking
⏰Reached high of 85 before pulling back and forming a red candle
⏰Bought bottoming tail, surged up to 320, locked in $1,100 profit
Adapting to Market Conditions
⏰Reduced share size after a loss to 5,000 shares, resulting in small losses on SGBX and XBP.
⏰Experienced fluctuating profits throughout the day, peaking at $2,000 and settling at $1,100.
⏰Expressed disappointment at smaller green day despite early month trading.
Maintaining Discipline in Challenging Markets
⏰Maintain self-control and discipline during challenging market conditions.
⏰Practice in simulator if market feels unrewarding, avoid overtrading in thin market with low liquidity.
⏰Thin market poses challenges with low enthusiasm, spreads, and liquidity.
FAQ
How can I capitalize on breaking news spikes?
Stay alert and act quickly to enter trades at optimal levels.
What is the importance of consistency in trading?
Consistency helps build a cushion and mitigate risks in volatile markets.
How do I adapt to fluctuating profits throughout the day?
Adjust share sizes and manage losses to maintain profitability.
What should I do in slow and choppy market conditions?
Maintain discipline, avoid overtrading, and focus on quality trades.
How can I improve my trading skills in challenging markets?
Practice in simulators, analyze market trends, and seek mentorship.
Summary with Timestamps
📈 0:32Impressive trading day with significant gains on ALR due to breaking news at 8am ET.
💰 2:14Profitable trading strategy with small initial size, following rules, resulting in $1,100 gain.
💰 4:47Adjusting share size based on profit and loss fluctuations to trade more aggressively.
⏰ 6:53Morning trading session slow with choppy market conditions, making finding good trades difficult.