+$9,212.69 in 90min on $HMNY $SKLN and $XGTI
Today was no doubt, another redemption day. Last week was a total grind for me (you can see my weekly recap video here) with a net loss of -$1,300. Even though I had a few big trades last week, +$7500 on Wednesday, I also had a lot of trades that ended breakeven or at max loss. The frustration last week was that I kept stepping up to the plate with a full size position looking for resolution, and it kept not working.
Today I took an A-Quality setup on $HMNY after we heard breaking news. I jumped in long at 4.88 avg with 13k shares and held until it was up at 5.85. I was up nearly 13k but was holding for a bigger move. I thought it was going to break over $6.00 and squeeze into a 2nd halt. If that had happened, I had a very realistic chance of hitting a 20k winner. Although that didn’t happen today, this strategy of positioning myself with aggressive share size on A-Quality setups is what has given me over $215k year to date profits. It’s a matter of statistics that these will turn into total home run setups a few times a month. Those winners, even if there are only 10-12 per year, have the potential to exponentially increase my total profits. In my video below I breakdown all the trades from today including my $1,295 winner on $XGTI and my $400 winner on $SKLN. Check out the video recap below and let me know if you have any questions!
Day Trading Profits