Date: 11/1/23
Goal: (One Thing you Are Trying to Improve upon)
Exit Strategy
Grade: (How Well Did you Achieve your Goal)
D
Morning Temp: (Emotions, Sleep, Energy)
Slept Well, Ready to attack the day
Overview for Each Ticker: (Chart Screenshots, news, stats, General Performance, etc)
Ticker & Sector: TGTX
News: TG Therapeutics Provides Business Update and Reports Third Quarter 2023 Financial Results
Float: 137m
Intraday Chart:
Daily Chart:
Details: This stock had the best action of the day at the open. It was relatively clean, I had a great entry before the break of HOD. I had the right idea but I did not hold to capture the move. The next entry off the low would have been buying a breakout at HOD but it was stalling out for a few seconds before going and the sentiment in the market did not seem like it would continue, which it didnt. But there was a solid 40 cent breakout extension. I went ahead and tried to buy the first pullback it it lacked any further momentum from there. I did take some losses trying to catch the first dip. The market is heavily favored to shorts and shorting any and all high of day breaks. I was able to make some profits back on an accidental short i took that yielded 20 cents a share. I got lucky on that and brought be back below my modest max loss of 123$ back to 75$ red on the day. The backside got me on this one. On all my trades on the frontside of the move or in the range I was green.
Executions:
Ticker & Sector: ALDX
News: Aldeyra Therapeutics Enters into Exclusive Option Agreement with AbbVie for License to Develop and Commercialize Reproxalap
Float: 56m
Intraday Chart:
Daily Chart:
Details: I traded this one mid morning as it was grinding higher, it was very thick but I was trading normal momentum strategies but since it was not breaking out by very much I could not get a solid trade on it. I did go short on the retest and break down of 2.60 and was able to get some green on it. Very poor trading, I needed to be more patient on this grinder.
Executions:
Ticker & Sector: CLLS
News: Cellectis Announces Strategic Collaboration and Investment Agreements with AstraZeneca
Float: 53m
Intraday Chart:
Daily Chart:
Details: Traded this one right out of the gates, I thought we would get a test of HOD at the open, I did have a trade about 4% green and then I tripled my shares size and it failed on me. Usually at the open buying dips off a panic sell off or timing breaks of pivot points do very well. Recently it has been hard to read the first 5 minutes of the open and I may want to dial it back and not trade till 9:35. This stock had strong support at 2.58 and It seems to want to hold and curl for HOD but failed.
Executions:
Ticker & Sector: MNPR
News: Monopar Presents Data Showing Tumor Reduction Benefit of Camsirubicin from Ongoing Phase 1b at the 2023 Connective Tissue Oncology Society (CTOS) Annual Meeting
Float: 5.7m
Intraday Chart:
Daily Chart:
Details: This one I traded Premarket after the HOD break. I was trading the first pullback to the pm hod day looking for continuation i cut for small losses.
Executions:
Statistics:
Easiest Trade(s) of the Day: (if you traded it, what were your entries/exits) (how did you trade it)
TGTX Premarket high Breakout
What I learned or Improved upon today:
It is ok to go through tough times in the market, this is what necessary to build risk management skills for long term success. Keep studying through it.
Changes I need to Make:
Backing off and not trading the first 5 mins of market open. The Volatility at 9:30-9:35 seem to have no edge for me at the moment
Youtube Recap:
