PennyFarmer’s Monday Harvest
I’m pretty happy with how the trading went today. I ended up
only trading one of the stocks on the Main Crop list and made two trades from
the Side Crop list. By the EOD I am up $292 in realized gains with a position
in $GEVO holding overnight.
My first trade was in $UVXY and was honestly meant to be a
short play with an entry of $14.25 because the MAC-D and AO were quickly
approaching their zero lines and I thought it was going to begin an afternoon
fade. It started to head back up as I was entering my hard stop loss at $14.30
to risk $0.05… that’s when my limit filled and it ended up taking a $40 profit.
I was really confused at first because the profit didn’t make sense. That is
when I realized that when I had manually entered the number of shares into my
order I neglected to include (-) before the number of shares which changed the
position from a short to a long. I’ll take the luck as a small price to pay for
a lesson on paying attention to the details.
My second trade was in $TVIX with an entry of $3.28, right
at the breakout level for a small pullback on upward momentum. It then popped
up to $3.36 range and I set a hard stop loss at $3.34. It pulled back slightly
and knocked me out with a nice little gain of $192 for a 15 minute hold. Eventually it closed at about $3.52 so I ended
up leaving a good amount on the table.
I made one last trade in $GEVO as we neared the EOD because
the MAC-D and AO were approaching the zero lines. I think I jumped the gun on
this one and entered a little too early. My entry is .49 and it did pop to .50
but then started to fade into the close. I think this may pop to the .52
resistance or maybe retest the .55 HOD from today. I’m going to hold it
overnight and I have a tight stop loss set at .47 risking 0.02. Like I
mentioned in the Main Crops list yesterday, there is still a few catalysts out
there circulating and the company has been getting some screen time in the
local news outlets so I feel this is worth the risk.
Thank you again for those of you who send messages and words
of wisdom. Please feel free to contact me with comments or questions.
Please follow me:
Twitter @MateoHellion
Profit.ly on @paperaccount & @PennyFarmer
Instagram @MateoHellion
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