So, just decided to show the two day trades I made today, the logic behind them and the reason I turned both into swing trades vs. day trades. Technically based on closing prices I am sitting on a paper gain today of $890. Lets get to the trades.
AMCN
Decided to take a shot at this one today after seeing a double bottom forming today based on yesterdays lows. This thing is a total turd but that wont stop a short squeeze. Entered 5000 at 2.77 based on this and then the nice grinding pattern formed intraday, was hoping for a $3 push to sell but was slow all day until the obvious short covering into the close,which reminds me of the VGGL trade months ago. Thinking $3 gap open then $3.25 peak
CHOP
Decided to take a shot on what I thought would be a good entry at the 1.60 level….just kinda sat there all day, so into the close it started to perk. Due to this action deciding to let it go into tomorrow hopefully into a morning push for the sell.
ENTRIES FROM BROKER
