Small Cap Stocks Day Trading Journey ($25,000 Challenge)

[alexwinkler]

Indexes / Top Gainers: $SPY rallies strong on #inflation and #CPI numbers coming in below estimates then holds its highs well Extended Hours. Putting the SPY at roughly 16% to 447.13, remember 479.98 is all-time highs (ATH). $RUT also broke out major from the 1900 ceiling it's been consolidating under. Today #PPI MoM drops at 8:30 AM EST. No larges get me too excited, you'd be buying very high. This PM, $SXTP 38% pharma, 6m SO, 26m MC, new #IPO with a 120% rally from open. Could be something not sure..

My running P&L / State of Mind: Yesterday I did okay, biggest issue was too big size on my losers: $ R:R was 1:1 while % R:R was 1:3. No major expectations after 3 amazing days. Lock in profits today early if possible. Want to finish a video as well.

 

[alexwinkler]

Nice move, with $ARKK up 2% today largies are def taking the spotlight.

Not sure If I want to keep bothering with this #market today, green days are usually much easier.

 

[alexwinkler]

$SPY and $RUT just going absolutely euphoric. Selling more swing positions lately. I sold some too soon but perfect entries/exits are not the goal.

Crazy mid-day halt fest gappers yesterday: $ROSE, $RCLF, $GGAA

Day trading was tricky yesterday and after scratching around until 10ish I called it. Calm, no major expectations for today. Let's see what we get.

 

[alexwinkler]

I was just done and then took a stab on $EDTX T12 Stock halt (super rare and super bad). Luckily my size wasn't big but still might need to start writing off the $6k, what date do you think this opens up again?

 

[alexwinkler]

 

[alexwinkler]

This Week's Broader Gameplan:

1. Patience, aggression, size. But really size. 5-10x of the weekly avg.

2. Don't overstay your welcome, especially on Monday & Friday 4G mindset (Get Green Get Going)

3. Avoid day trading $30+ small cap top gainers. Not my strategy at that point, let them do their thing.

$RUT ain't playing. Very strong new frontside here with big support. So far no summer lull (Knock on🪵)

 

[alexwinkler]

Nothing too exciting yesterday PM and at the open. I got green after a very bumpy first few trades which you can't see in my running P&L because it all happened when they were unrealized still.

Let's just say $BBIO had a wild spread and it was easy to be instantly down 5-10%. $ABOS was the one that got me #green but I really snoozed on that first PM rally.

P.S. Still waiting on $EDTX to #unhalt

 

[alexwinkler]

$BPTS was an ugly-looking ticker early on but that mini frontside move back over VWAP was enough to lock in some profits for the day. $MICS gave me another 20% on top at the open but I knew it wasn't the day to overstay.

 

[alexwinkler]

I was an eager beaver yesterday and dug myself a big hole that was tricky to get out of due to the lack of tradeable action for my general strategy and style.

Remember guys no need to size until you start seeing traction. That's something I usually do quite well but yesterday fumbled on. $SXTP

 

[alexwinkler]

$GRRR got me green yesterday but it was a needle in a haystack and super short-lived. Atm we're experiencing a bit more classic summer trading where there's a lack of opportunity and continuation.

If there's ever one clear gapper (which still happens a handful of timers per month) remember to be ready to pounce! 🐈

 

[alexwinkler]

Last week "Y2024W29", was another tricky one mainly due to the lack of opportunities and the fact that each okay ticker only gave 1-2 opportunities due to lack of continuation. So it was a lot of being super patient and then jumping on as quick/aggressive as possible to get some green then jumping off the gas just as fast not to give it back.

These new comp stats on TradeJournal are super cool to get a quick benchmark of the day, week, and month compared to the overall portfolio.

My avg position cost was -8.45% due to that which makes sense. Happy I walked away green for the week though. "Avg Daily P&L" red -26.4% and Profit Margin" -7.16%. Nice to see these portfolio averages.

 

[alexwinkler]

Tricky start to the week so far, spotty small-cap action but keeping my red days small. Waiting for the opportunity to pounce. Yesterday got a bit more traction but still felt risky.

Lot of eyes on $SPY and largies. Will $SPY break yesterday's new high of 456.47 again? Major 2022 shoulder (supply zone) at 460

 

[alexwinkler]

Last week, wasn't super busy since I only traded "focused" one day (Tuesday, and at least then I was able to get some profits) so I'll focus on reviewing #July overall.

28% increase in profit margin but overall smaller size. Good news is that my Avg daily P&L was up 4%, so that means less overall losses and giving back profits. I think that was due to wrapping up earlier.

$3.5k in profits after fees/commissions is nothing exciting but also not bad for a slow summer month where I took quite a bit off and only committing 1-3 hours/day. Got to be grateful

All my trades from last week: https://www.tradejournal.co/portfol...=2023-07-01&date_range_max=2023-07-31&result=

 

[alexwinkler]

Yesterday started the day in a deep $1.1k hole.

Chasing, sizing, and then catching a proper flush resulted in a proper -7.79% or -$1,153.23 $ABVC loss.

Luckily I kept #calm and could crawl somewhat out with $YELL and $ADMP. Every now and then you'll get a nice reminder of why you need to dip your toes first.

 

[alexwinkler]

$ICCT Thoughts and Prayers 🙏

 

[alexwinkler]

$VSME not something I wanted to hold long. No news ticker and daily big resistance. Got to pop but smaller size.

This market is all about avoiding big red days, that's what I've been failing to do. So all these wins are just hole filling unfortunately.

 

[alexwinkler]

10AM JOLTS Job Openings & from 2-3PM It's #Fed Gone Wild. For small-cap traders less could be more today.

$CLLS 169% $MNPR 52% lead the gap pack this morning🍿2 biotechs with news 🧑‍🔬

 

[alexwinkler]

$PXMD these 10m #stockhalts are reckless. Can we get halts completely?? They only cause more harm.

In terms of trading. Stressful for me today.. was somehow down on it all day until the 9:55 halt down which I bought on resuption. Then one more nice bump of the 15m EMA on the 1m. Also had big 5m support.

Got to always be grateful 🙏

Either learning lessons or making $$$

 

[alexwinkler]

Several low floats with potential today but somehow nothing that really took off. +$450.15 atm

$SPEC early #premarket was the money maker. Beautiful .3m float just lacking momo to keep it up.

So far this week has been a grind. That happens usually it's 1-2 weeks per month that makes the whole month and then just 1-3 days in those hot weeks.

Stay patient, stay vigilant.

Full analysis:

 

[alexwinkler]

Back with the streams!

LIVE Day Trading Top Gainers | 2024/1/16

📣 Like & subscribe! LIVE Day Trading From 7-11 AM EST (or whenever I'm done)💬 Join FastTrack & Discord https://www.tradejournal.co/?ref=bdfd299907b6&r_url=...

youtube.com

And my recaps: