LLNW Trade on Dec 1, 2017 09:31 from alext341: Tradervue User Stock Trades.

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alext341

 

First and only trade I took with real money on December 1, 2017. I opened up a Suretrader account with $1,000 and had a 6:1 margin at the time. I tried to trade stocks that were marginable (i.e. over $3.00) and that offered the usual characteristics for a small-cap stock, low float and high volume. I entered with 100% of my buying power on 6:1 margin after I saw this stock pop up on Ross Cameron's High of Day momentum scanner in his chatroom. Got in for a 10 cent scalp for $91.23 after commissions. The strategy here is to enter trades conservatively, taking small wins on setups with a very likely chance of making new highs so that I can build up my small account and save enough for seasons in the small-caps where there is sympathetically high momentum. Any loss to my account at this point would be detrimental as my losses are compounded by Suretrader's relatively high commission structure (0.01 per share, charged twice for buying and selling the position). PXS was another stock trading with very high volume today, but I didn't trust it. It traded with unusual activity on Friday with large bidders and no circuit breaker halts on the way up. Its large daily rejections also made trading it too risky.


Execution detail:

Date/time Symbol Side Price Position
2017-12-01 09:31:32 LLNW buy $4.730 long
2017-12-01 09:34:53 LLNW sell $4.830 long
2017-12-01 09:35:01 LLNW sell $4.830 long
2017-12-01 09:35:13 LLNW sell $4.810 0


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