I was looking again for that huge Dead Cat Bounce today on
HLF. It started out very good this morning, but it ended up having a very slow
downward fade the rest of the day. Went long 400 shares a couple of minutes
after it opened and got filled at 28.80. I didn’t put a profit target because I
thought shorts will be covering all day since it was Friday. After the huge
run-up this morning, I should have sold HLF around 10:30 ET, but got greedy and
held on for higher highs that never ended up materializing. When it broke 30 a
share around 2:15 ET, I just decided to sell at 29.88 for a 1.08 point gain. I
swear it was heading to at least 32 dollars a share today, but I always got to
keep reminding myself that, “There’s never certainty in any trade”.
If you want to see what I might be trading during market hours and interact with me during my trading days, just follow me on stocktwits or twitter @tradermike9.
4 comments:
This is the third time you played HLF and finally a good payday on it.
Hi TraderMike,
What brokerage firm do you use that lets you day trade the way you do?
LOL... You been keeping up with my blog posts. Yes, it's the third straight time I played it this week. I guess you can say, "A third time is a charm".
I use 5 different brokeages, and they all let me day-tade how I want. Ameritrade and Etrade are just a few I use.
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