It’s Thursday morning and I will admit that I didn’t wake up at my usual 7:30 or 8:00 am Central Time, I stayed in bed longer then I would have liked too. When I opened my eyes, I saw that it was 8:46 am Central Time so I forced myself out of bed and opened my laptop because it was going to take too long to turn on my desktop and I didn’t want to waste any more time. I replayed the Warrior Trader YouTube stream to see which stocks was at the top of the gap scanner. I found it to be the stock symbol JOB and I pulled up the chart and saw that it had jumped up around $.90 since the open.  I missed out on this profit because I didn’t get up in time. Here’s an example of what I mean. If I took a position of 400 shares on this stock from the opening, I would be looking at close to a $400 gain in just 20 minutes of trading. I hope my mistakes, as small as not waking up on time, show you that the market will move with you or without you. So, try your hardest to make the best effort to stick to your plan and your schedule so you don’t miss the plane when it takes off!  

Here’s how the trade really went for me. 

I bought my first 200 shares of JOB at 9:49 am Central Time for $ 2.365 per share for a total of $473.00. After I bought those 200 shares, I knew I made a mistake, not just because the stock started to head for the down side but also because I don’t like buying more than 100 shares at a time plus it ties up too much capital. I would rather save the extra shares so I can average down if the stock goes south, which is what happened with JOB. After I saw the dive switch directions, I felt that it was such a stong mover that I just got so eager to make my money back, with that I added to my position 100 more shares at 9:55 am Central Time at $2.0901 for a total of $209.01. As I saw it continue to move, I added my last 100 shares at 9:55 am Central Time at $2.175 for a total of $217.50. My average up to that present moment for all my shares was at $2.248. This was more on the high and I should have taken my time to collet myself and see what this stock was doing but I will have to say that FOMO (fear of missing out) really took me for a ride that day. At this point the stock was hitting its lowest point of the morning at $1.70, which I’m sad to say would have been a $200.00 loss. I didn’t want to make a loss that huge a reality so I stuck it out, and let me tell you this. If you are not able to handle losing the money that you have put up then don’t hold the shares longer than you need to because you could very well lose way more while watching it happen right before your eyes.   

I sold my shares at two different points because I wanted to make sure that I was able to lock in some profit, so I set a sell point at both $2.30 and $2.35 for 200 shares each. At 10:09 am and 10:10 am I heard that beautiful sound, a sweet sound telling me that both sell orders went through and I was able to lock in a profit of $30.49. It may not sound like a whole lot of money, but thinking back to the fact that I was able to come back from being $200 in the red, I would have to say that I ended on a good note. 

Below is an update of how I’m doing so far; 

Account Total  

$945.67 

P/L for the day  

$30.49 

New Account Total  

$976.10 

*$.06 misc. fees 

Goal – $10,000.00 

Left Until Goal Reached – $ 9,023.84 

And as always, have a great day and keep learning and moving towards your goals, never stop pushing! 

Day 5