First day of self contention. -$87
Today it was the first day I traded after spiking with Scott Malatesta.
I ended up red -$82 after 2 reds and 2 greens.
First red:
MYGN short -400 // $19.41 // 9:35am // Covered // $20.03 // 9:44am // loss $247
I was out of the game because a a spike I was range 40cent 1:1 ; before the spike stock went down to 19.08 if I would had have 30cents I would have closed the position with $120 profit.
IF TRADE IN THE FIRST 20 MINUTES LOW THE PROFIT TARGET TO 20 CENTS OR GUERRILLA STYLE, GET THE MONEY AND RUN.
Second red :
PBYI short -400 // $13.05 // 10:34am // Covered // $13.20 // 10:52am // loss $77
Here I just didn't do 1:1 and I moved 2:1 ; My stop loss was 13.20 and profit target 12.80 ; the stock went down to 12.86 (19 cents profit) if I would have stick to 15 cents. I would have closed the position with $60 profit.
STICK TO 1:1 IT IS BETTER $60 THAN -$77
GO SMALL LITTLE BY LITTLE STEP BY STEP