Finding Income
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Finding Income

Trading Journal for 6/10

  • It is 6:25AM
  • SPX futures are still flat at 3214…
  • Pre-market…JFIN is gapping up 200%…I don’t see news, other than earnings tomorrow…it’s halted going up…
  • Another gapper, DPW (+222%) up on news of defense contracts…currently moving down…
  • Back to JFIN…let’s see what happens out of halt…+$1,755.41…
  • AVCT (+120%) also moving…don’t see news…it’s a bit choppy…
  • Back to JFIN…dropped on resumption…it’s pulled back to VWAP…it’s halted going down…
  • DPW moving…missed the break of $5.00…-$124.90, got chopped around a bit…it’s showing weakness at $6.00…
  • 6:58AM…Only stock moving at the moment is CRIS, the choppy one…it always pulls back after a move…I’m not fast enough to trade it; so, I’ll wait for momentum to come in…
  • 7:02AM…DPW set a new intraday high with volume, but is now range bound…that just means big pullbacks after touching the trendline…
  • 7:24AM…AVCT is consolidating near highs…currently gap fill on daily chart…otherwise there’s not much going on…SPX is down at intraday lows…good time to check news…AMZN up on news of partnering with Goldman on credit lines for sellers…TSLA is at all time highs at $1,000…the Fed is issuing a statement today…
  • 7:36AM…JFIN is coming back up…looks like it’s going to test high of day…volume is coming up…I sat on the side lines during that move…spreads are $0.30–0.50 wide…it’s up over 500%…$22.50 is the previous all time high…volatility is pretty high, even “small” pullbacks are 10% wide…
  • 7:54AM…JFIN is through all time highs…I’m still sitting this one out…volume is actually higher than at open…it is now halted…up 900% and is about to test $30.00…maybe I should have cut share size and continued trading this one…
  • 8:03AM…that was a 25% pullback out of halt…
  • 8:31AM…just now noticing that WINS is up 633%…that’s kinda weird…
  • 11:06AM…Fed guides that there will be no rate increases through 2022…market is happy about that…
  • 12:59PM…not much good action since this morning…I am up $1,630.51 on the day

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