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