TIK Trade on Dec 12, 2017 09:31 from alext341: Tradervue User Stock Trades.

Phenomenal trade on TIK today. This was the best trade I've taken in my entire day trading career, making up for all of my losses since mid-2017. This stock showed up on Ross's high of day scanner about a minute or two after the open, so I knew I had to be quick. This stock went up about 20 cents from the moment I first saw it, so I knew it had a lot of potential. I went long the stock for 100% of my buying power for 2,260 shares. With a good risk-to-reward profile this stock had, my aim was to sell half of my position at a 1 point profit target and stop out at 10 cents if I needed to. Sold half of my position for $1.20 profit per share and aimed to scale out the rest at 10-25 cent increments. I sold a quarter of my position just before the Time and Sales showed a pinned price of $4.70. This was a sign that the stock was going to pause trading on a 5-minute or a 10-minute circuit breaker halt. At the time, I had 565 shares left in the trade to scale out of. I sold the rest after a whole-dollar break of $5.00 coming out of the halt. The highest price point on this trade was $5.25. Closed for a net realized gain of $3,330.20 in real money, or about 260% percentage return on my starting cash account of about $1,280.

Strategy going into the opening range was to keep an eye on Ross's high of day momentum scanner for stocks making new highs. It was surprising that I was able to get a $3.25 entry price on this trade, considering the stock had already popped up to $3.45 on the Ask when I pressed my hotkeys to buy the stock. This stock had all the characteristics I look for. The chart pattern looked almost exactly like the one we saw on YTEN from the day before. I wasn't sure if the stock was going up because of a news headline though, but I went for it anyway.

It was only after I entered the trade that I noticed the stock traded in 5-cent ticks, which is something I usually stay away from. It is difficult to manage risk effectively when you trade a stock that trades with wide spreads, especially on low-float stocks that show liquidity at more varying price points than higher-float stocks. John L10, one of the master traders in our chatroom, also remarked that he had violated his 5-cent tick rule the same way I had. However, I believed the risk of trading this setup was well worth it.

Moreover, as the day progressed, we saw other stocks show up on Ross's scanners, but they showed poor follow-through and choppy price action. This was an indicator to me that we still haven't seen the absolute best market for long momentum in the small-caps. It was also a signal for me to scale back on share size for positions taken for the rest of the week. Of course, I ended up oversleeping today, so I didn't trade today.

I also said last week that I would scale down in share size after having lost money on some other trades, but given the momentum showing up in stocks earlier in the week (e.g. YTEN on Monday), I decided to prepare myself in case another stock like YTEN popped up on the scanners today for a full buying power position.

My total cumulative net P&L on Tradervue now shows $3,610.90 since I started trading with real money again on December 1st, 2017. The stats do not account for the roughly $1,000 in losses taken in mid-2017, so that really should put my P&L down to roughly $2,610.90 in total cumulative net realized gains for the year. The goal again is to build up this account past $30,000 so that I can withdraw my money from Suretrader and transfer it over to a U.S-based brokerage firm where I can abide by the pattern day trading rules and trade profitably with my day-trading strategy.

The goal for the rest of the week is as follows: 1) Scale back on share size to preserve Monday and Tuesdays' gains, and 2) Keep accumulating small wins on your account in preparation for another stock moving up in a strong market for a win on 10,000 shares on margin.