Trading Journal for 4/7
Published in
1 min readApr 7, 2020
- It is 8:46AM
- SPX is at VWAP and us up 2.4% at 2727…
- Let’s read the news…
- PSTI popped up on the scanners…it’s moving…looking for a break of $5.00…bad fill…only made $83.56…that was kinda surprising, I feel like PSTI isn’t moving fast enough for TOS to give me bad market order fills…
- Daily resistance at $5.20…will wait for a break…
- In the meantime, back to the news…looks like PSTI is up on news that it has a working treatment…New York saw a reduced daily increase in ventilator use…
- YGYI halted going up and currently at $2.04…there’s an intraday high at $2.20, which is where the next daily resistance level is…room to $2.40…will watch and wait for an entry on resumption…$0.03 gap up…pretty weak for a stock up 190%…
- Looks like SPX is testing daily resistance around 2745…
- Looks like there’s a meeting at noon my time at the White House where they’ll discuss relief for small businesses…
- +$33.75 on BORR…I’m acknowledging that there are a lot of pops followed by instant pullbacks…this pop that I just traded pulled back 15%…
- YGYI moving…back at intraday highs…+$45.15 on a pop…got spooked by a false halt…it’s currently up 240% on the day…let’s see if it breaks $2.60…room up to $2.80…profit target $0.10-$0.15…there’s the move but with low volume…waiting…it’s at $2.72 but with declining volume…gotta stick to my standards: no volume, no trade…
- Pretty uneventful today…only up $162.46…
