More Than Usual Trading Action For Me Today
Generally every day I try to target 2-3 stocks and trade max 2-3 setups only. I do not like getting involved in multiple stocks and be distracted. Today was one of those distraction days. I made 5 trades.
POT was the wrong chart to go short. It was continuously uptrending. I made the mistake of shorting it, even though I shouldn’t. I was actually very patient with it and short @ 110.10, when it looked like it will go below 110 and sell off. I am holding this one overnight with stop loss @ 112.10. Hoping to get a sell off to cover into.
CSIQ was shaky in the morning but once it broke past 21.75 (days high) it never really looked back. I bought really late @ 22.20. Turns out I was not really too late, as CSIQ kept spiking. I sold almost in the last minute @ 22.77, pocketing decent profit.
VISN looks to be reversing back from its multiple days of sell-off. I am long @ 8.70, holding it overnight. Hoping for 9.00+ price action to sell into. Volume is on the lighter side, (I like stocks with heavy volume). Hope it doesn’t crack back. Stop loss 8.30.
FSYS also looks like it might be reversing. It has taken a big beating from 50s to 30s now, in a matter of few weeks. I am long @30.20, hoping for more uptrend. I really liked the way it closed at 30.50. Ideally looking to sell around 32 level.
SNDK was a buy for me on break above 27. I bought @ 27.10 hoping for more up moves. Unfortunately it dropped back to 26.80s. I am holding it overnight with stop loss @26.45.
