I entered CHOP two days ago at $7.097 and exited today at $7.40 for a profit after commissions of roughly $194.00. I did not get a chance to blog my entry as I was not feeling well. However, I am now back in the groove. My account is now resting right at the $5,000.00 mark which I had achieved once before (in fact I had gotten as high as $5,600.00) but it slipped away, all the way down to $4,500.00 in February. Thankfully, I cut losses or it could have been alot worst!!!
This means my margin buying power is now roughly $10,000.00. Yahhhhhh!!! Can't wait to put this into action.
Journal of my thoughts and trades on the path towards achieving a consistent monthly income from day trading!
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MY DAY TRADING RULES
I will ONLY put stocks BREAKING OUT OF DAILY CONSOLIDATIONS TO NEW HIGHS OR NEW LOWS ON HIGH RELATIVE VOLUME from my DAY TRADING SCAN into m...
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My experimental short position in GT has been closed out by my stop loss order for a loss of about $115.00 including commissions. However, I...
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I am of the belief that the markets will move higher over the course of the next 4-6 weeks. However, beyond that I am not very confident in ...
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I have narrowed down the stocks I want to own to two stocks: DECK and CMG. Need less to say, they both meet all the CANSLIM requirements. In...
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