Finding Income
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Finding Income

Trading Journal for 5/28

  • It is 7:50AM
  • SPX is at 3050
  • On the scanner…ABIO (+200%)…float and volume are good…currently printing a bull flag on the 5 minute chart…watching for volume to increase for a continuation…+$360.19…wide spreads…size of this move is small compared to previous moves; it might be establishing a range…better to wait and see…
  • ORGO (+35%) is moving with volume…I don’t see any news…it doesn’t have any momentum…
  • News…tensions over Hong Kong continue, but SPX unaffected…Trump signs executive order to regulate social media platforms…“Tyson Port Plant in Iowa has 555 Employees Test Positive”…
  • Things are quiet right now with no big moves…SPX is at 3065…
  • GNUS (50%) is moving…I don’t see any news…
  • It’s pulled back to EMA20 on the 1 minute chart…looking for volume to come in for a move to $3.00…
  • ABIO is moving again…spreads are pretty high…I gave back some profit, now only up $172.37 on the stock…got that profit back on a small pullback from $15.00…now up $322.37…
  • It’s moving again…now up +$666.37…had to run back from the kitchen to catch that move…
  • ABIO is still moving…
  • It’s kinda forming trendlines moving up…so it seems too risky to trade…
  • It’s gone on for a while on the 5 minute chart with flat volume and without a pullback
  • Sometimes a stock moves up so much that it looks really strong even after a 15% pullback…that sudden move from $19.64 to $17.22 would have destroyed any trader still buying this late to the game…it’s still printing a bull flag though…
  • SPX is dropping…I’m gonna do a bottom bounce…it’s looking a bit dicey…I have about 9 minutes until end of day, hopefully that’s enough time…+$72.04…missed the bottom by a bit there…
  • I’m up overall $738.41

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