Finishing the week +$8k
This has been a really solid week. It would be a perfect week if it weren’t for one pesky $2200 loss. Monday I was out of the office, Tuesday was +$1200, Wednesday -$2200, then Thursday +$7500 and Friday +$2k. Fortunately the strong finish to the week will put me up just under $10k on the month. I always love getting myself into the drivers seat as early in the month as possible. Now that I have a cushion going into next week I can ease back on risk and focus on ONLY taking the highest quality setups. By focusing on the best, and leaving the rest, I should see increased accuracy through the end of the month.
Today I didn’t have a lot on my watch list but I kept a close eye on $COOL. This was gapping up slightly vs the close yesterday and I thought there was potential for a follow through trade. I jumped in long as soon as the bell rang and road the momentum up to 5.60 and then sold on the way back down. In total I was able to lock up just under $2k profit with 10k shares in the first 5min of trading. If I could do that every day I’d be able to make nearly $500k a year! My goal is $1k/day which would be $250k in net profits but when I factor in red days, I adjust it down to $200k. As of today I’m sitting just under $210k which puts me slightly ahead of my annual goal.