I was prepared to exit as soon as the market opened and just take the loss.
But then the overnight issue became a blessing in disguise and it gaped up in the morning. I then started moving my hard stop loss line as the price moved the stock higher.
I was eventually stopped out at $2.40 but that left me with 29.73% gains and $5,500.00 profits on one trade.
Of course, we're talking paper trading here so I'm not actually $5k richer.
But with that said, this trade does hold a lot of value for me because it confirms that having financial freedom is truly possible.
I attempted another trade today looking to catch an afternoon breakout in $CLF at $1.65. I was able to get a good entry and it appeared that the breakout was going to take shape. It did pop to $1.69 briefly but then quickly fell and triggered my stop loss. In all, the trade was well executed and I cut losses with about a -1% loss.
Follow me on Twitter @MateoHellion
Profit.ly @paperaccount & @alleywolf
Instagram @MateoHellion
If you're paper trading how come it shows up on profit.ly?
It would mean one correct trade. But its all about the gain percentage, win loss for me, the success of the predictions. Also the ability to handle the emotions with real money also. Thats why I dont value how much money i make at the moment. Your trading at the moment is really good though!
Hey guys, I do have a profile on here for my real money trades @alleywolf, I wasn't happy with how I was trading and forced myself to paper trade while I study and build up consistancy. Profitly doesn't upload for paper accounts, eventhough I paper trade on ToS so I manually enter the trades. This profile is mostly a tool to help me track my progress and to keep with my blog's transparency commitment. Hope this helps. Please feel free to ask questions. I'm still learning and not a guru, but happ
...but happy to help when I can.
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