Anyways, back to how I traded $NIHD, first of all it is a gap up, on Friday $NIHD price closed at 7.26 and today price opened at 7.62. Now that is a pretty big gap, big enough and noticeable enough to be put on my radar.
I noticed that $NIHD made a big big move up in the morning, in the first 20 minutes of trading (look 2 Minute Chart below) it went from 7.62 to 7.83 then came back all the way down to 7.62. This is when I noticed that its time for a trade! It came back to where it started! And where was the market when this was happening to $NIHD? The market was also coming down to a buying zone, so what did I do? I went in for the kill and bought 300 shares of $NIHD.
The chart below will explain what I did, I will also explain why it is so important to believe in your trades and just trust your guts!
Right Click Chart, Open in New Tab
Why Trust yourself and your plan? So look at the chart on the right, look where I took all my profits and look what happened to $NIHD after, I don't mind at all, I still got $30 in my pocket but see the last 75 shares that I sold at 7.72 the way I trade and the way my plan tells me to trade is to let those 75 shares ride until the end of the day! Imagine I never sold them and just went with my plan I would have had the opportunity to sell those shares way way up there above 8.05 instead of 7.72! In dollar value that is a different of $24.75! This is why, if you have already made some profits and have a little little tiny amount of your position remaining, let it rideeeee!
If you have trust issues, please listen to the following song:
Keyshia Cole - Trust ft. Monica
Here are my Trade Tickets and Profits / Loss for the day. Today was a +$30!
Duration of Trade: 13 minutes | Profit: $30.76
Right Click Image, Open in New Tab
Click on Links Below to Read my Previous Trades:
$FDX - The Trade that got Interrupted
$AMD - Another POP Trade
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