Hi guys,
Friday was a good day for me. I'll start off from the CRMB trade I made.
The stock was in my watch list for 11th of July (see my previous blog post). I kept an eye on it and when I saw it started to break out from where it closed yesterday, I went long at 0,43 the stock kept climbing decently and I finally sold after it had retraced to 0,63. Yes it went a little higher later, but I wanted to lock in profits. Percentage wise I made 46,5% gain on the trade, although I only invested 2000$, I made a little over 900$, which is in the higher end of my usual gain on a trade.
CYNK - the stock received a lot of press due to the fact that it gained over 25 000% and this also resulted in a halt, so no trade there. Would have been nice to hold a short position, but was unable to short the stock either.
CBDS - not enough action for me so I did not trade.
WSTI
When it started off a bit higher than the previous closing price, I went long straight away looking to make my 10% (the strategy I mentioned in my watch list for 11th). Only made 150$, since I invested 1500$. 150$ is more than I made in a day at my last job, so I am happy in a sentimental way aswell :).
BDPT - this stock I found from Tim's chatroom (link to it in my homepage, if interested in joining). Someone mentioned it and I quickly took a position, since the graph seemed familiar.
I actually made money 2-ways. I went long @ 4.5 and sold @ 5,9. Then when I saw that the stock is making a second high lower than the previous high, I went short @ 6.00, covered at 4.75. Made 210$ with my long position and 185$ with my short position.
No losing trades on Friday :)
Visit my website for more
http://www.johnsdaytrades.com
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