July 17th

Back to the markets today after spending the morning on the day-job. I signed into IB about 1:15pm. Played MTG, a lower priced stock, scaling in for a 4/5 position (800 shares) then scaling out when it appeared to not drop as much as I'd hoped. Took a very small profit then moved on, shopping for a better mover.

Got ERX from my IB scans and shorted 2/5 of a position (400 shares) at an average price of $29.71, right at the HOD. (see chart above) -- As has been the case for what seems like an eternity (don't mind the hyperbole), I exited too soon with no real reason, covering at an average price of $29.645 for a small $22 gain. The stock continued to drop through the afternoon and hit a LOD at $28.97 two hours later about 3:35 pm. Had I held, I would have had up to a $296 gain. I took only 7.5% of the move available.

I then traded MELI twice before going back to ERX for three trades. Finally, as the markets approached the close, I found my old friend SKF making some good moves so I scalped a winner on that with a 1/5th position (200 shares). I had missed the two best moves already in SKF by the time I found it (3:30-3:35 and 3:40-3:45 pm candles, 5-min chart).

I'll take my winners, small though they may be... a gain is a gain is a gain.

Hope all of you had a good day; financially or educationally.

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12 for 12 winners, a 100% win rate. Gain of $108 in 2.75 hours of live trading.