Small Account Challenge, Day 3:
Another day, another $28! This is a short week with Monday having been a trading holiday so to be up all three days so far at my goal of 3% per day has me ecstatic. I know it’s way too early to start celebrating, but having these small successes is giving me confidence.
Today I played $RSYS for a quick gain into the open. It didn’t appear to be very strong, and my goal is to sell in the first five minutes of the open. As you can see from this chart… that was wise.
The reason any trading pattern works is that other people are using it. So clearly, there are enough other traders using the overnight hold strategy and selling at open that the stock spiked with a little volume at open. And being happy with a 3% gain (something I would have formerly NOT been happy with) makes it very simple to take a quick profit, and live to trade another day.
I plan on writing that post about 3% a day very soon…