$XRM has carved out an almost perfect cup-with-handle base. When I see patterns like these especially at or near the end of a correction I get very excited because the upside potential is anywhere from 40% - 100% in only a few weeks as the stock runs up along side the overall market! I've already started a position in anticipation of the $10.00 break where I will be looking to add even more shares for the ride higher!
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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I sold my two overnight positions early in the session and went to 100% cash. $VSAT I took a flat on after being up nicely at Tuesday's ...
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Although I made a decent gain on this trade; I missed out on a lot of upside!
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