Happy Mondays 3/5/2018

One thing about day trading as your job is that I always look forward to Monday morning so I can trade again. There is no taking this job home with you over the weekend. You can study or do research but its at your leisure. Every Monday is a fresh start. New opportunities. I'm excited every Monday morning. I spent the weekend watching Bitcoin hover around 11400 hoping it would hold those levels till Monday morning to give some of the crypto stocks a boost. Bitcoin held, but I didn't see the pop I had anticipated in the stocks I was watching. Bitcoin hit 11700 in the afternoon ... still no action. Hmmm

Todays activity ...

INNT. 200 shares at $12.90. I missed this one on Friday so it was on watch today for another move. I didn't chase in the morning but got in around VWAP. Spread was crazy on this one .50 at times. Once it started to go I sold 100 at $13.72 and the rest at $15.60 for a nice $354.78 Sweet. Great way to start the week! It ended up going to $18.80 so I left a considerable amount on the table but I'm very happy with the trade. At 2pm it went all the way to $20.78 ... Damn I wish I had held some... coulda been HUGE!

DPW - 1200 shares at $1.42. Yes I bought it again. I hate this stock but with Bitcoin at $11500 I thought it would be a safe bet to go up today. Meh. It just hung around $1.40 all day. One of the admins in my trading group jumped in at $1.43 so I'm feeling more confident in this trade. Holding this one overnight.

GBTC - Been holding this one since 3/1. 100 shares at $17.91. Hung around $18.65 for most of the day. I'm holding it for another day to see if I can sell on a gap up wither Aftermarket or Premarket. I'm looking to pull $100 out of the trade so I need $18.91. Lets see.

MARA - I've been holding this one for a few days looking for it to move with Bitcoin as well. Nothing. Down .08 today. It's goa history of gap ups Premarket so, I'm hoping for one so I can exit this position. Still holding.

So just the one trade today in INNT for $354! I'll take that result every time. 2 green days in s a row.

Nothing else noteworthy really. I've been holding CHFS for a month or so. I'm down a nice chunk on it. Earnings are this week so it's do or die for that one. I have lots of failed Day Trades that I held on to for one reason or another. I HIGHLY recommend against this. Sell it. When buying a stock have a sell point already in mind. If it hits that price sell it. I repeat, sell it. DO NOT HOLD past your stop loss. This is the Number one rule and the easiest one to break. I've paid the price for breaking this rule many times. to the tune of a couple thousand dollars. Now, when I enter a trade, I have a max loss and get out when it is reached. DO NOT take big losses and you'll be fine. Or at least it will take you a lot longer to blow up your account.