Day 1 : Building a Watchlist and explaining the strategy Jo
Day 2 : $PLTR Trade Idea
Day 3: Buying $HOOD
Day 4: Up 5% on $HOOD
Day 5: Entered $UA Trade
Day 6: Trading In Puerto Rico
Day 7: Introducing Beacon
Day 8: S&P 500 Record Highs
Day 9: Robinhood Makes Moves Into Crypto
Day 10: Roaring Kitty Meows
Day 11: $GME Trade Idea
Day 12: $NIO Trade Entry
Day 13: Taking Profits In $HOOD
Day 14: Stopping Out Of $UA
Day 15: Stopping Out Of Everything
Day 16: No FOMO
Day 17: 6 New Trade Ideas
Day 18: Entering $ACB Trade
Day 19: DXY Tells Us To Stay Out Of The Market
Day 20: "Shoulda, Coulda Woulda"
Day 21: $CCL Hits Target 1
Day 22: Trading Psychology Book Club Week 1|
Day 23: $NKE Earnings Play
Day 24: Adding Day Trades To Our Watchlist
Day 25: Learning From Our Mistakes
Day 26: How Our 4H Candle Strategy Works
Day 27: Why I Am Bullish On $TKO
Day 28: Celebrity MemeCoins
Day 29: Stocks Near Our Entry
Day 30: TheStrat
Day 31: Coaching Program Season 2
Bonus: Using TraderSync To Track My Trades For This Account
Interested In Having Jay As A Trading Coach So That He Can Teach You How He Finds These Trades? Click here to get started!
How The Duck Did I Get $TKO Filled At $104.45 Today (7/11)?
The $500 account challenge snagged a lucky break today! We landed a share of $TKO at a fantastic price of $104.45, well below the $108.06 limit order we set, or even the current price of $TKO at the time of $109+. Here's the story:
The After-Hours Advantage (and Pitfall): This fill happened during after-hours trading, a period where trading volume is typically lower. Sometimes, these lower volumes can lead to unexpected price swings, both positive and negative.
Our Good Fortune: In our case, someone (accidentally?) placed a sell order for $TKO at a much lower price than the market value. This lucky coincidence allowed our limit order to snag a share at an amazing price!
A Lesson for Sellers: While this situation benefited us as buyers, it serves as a cautionary tale for sellers. Always double-check your order details, especially during after-hours trading when volume is lower and prices can be more volatile. A misplaced decimal or a typo can lead to a significantly lower sale price than intended.
The Importance of Limit Orders: This experience reinforces the importance of using limit orders, especially when buying or selling during after-hours trading. By setting a specific price limit, you avoid accidentally accepting a price far from your desired range.
Moving Forward: We're thrilled with this lucky acquisition of $TKO. Especially since I've been bullish on it for a while, and again mentioned it on Day 27's blog. However, we remain focused on our overall strategy and risk management. This was an exceptional situation, and we don't recommend relying solely on luck for your trading success.
Remember: While after-hours trading can offer opportunities, it also carries additional risks. Always prioritize careful order placement and stick to your trading plan!
Why $SWBI's Chart Is All Funky!
The $500 account challenge is keeping a close eye on $SWBI, but with a twist! We've noticed a discrepancy between the charts displayed on Webull and TradingView.
The "Supplementary Surprise": It all boils down to a recently announced $.13 supplementary dividend for $SWBI. Webull automatically adjusts the stock price history to reflect this dividend, making past prices appear lower than they actually were.
TradingView Shows the Truth: Fortunately, TradingView displays the unadjusted historical price chart, providing a clearer picture of $SWBI's performance. This transparency is crucial for accurate technical analysis. Check out our Custom Indicator on TradingView.
Why Does This Matter? Understanding the reason behind the price discrepancy is essential. Relying solely on Webull's adjusted charts could lead to misinterpreting historical trends and potentially missing valuable trading opportunities.
A Potential Entry Point: Using the unadjusted TradingView chart, we've identified a possible entry point for $SWBI. We're watching for a price break below $13.77, followed by a 4-hour candle closing back above this level. This could signal a potential bullish reversal.
Remember: This is just one potential scenario, and a confirmation signal is crucial before entering any trade. We'll continue to monitor $SWBI's price action on TradingView and adjust our strategy as needed.
The Takeaway: Always be critical of the information presented to you. Using multiple resources and understanding how they adjust data can give you a more complete picture and help you make informed trading decisions. Stay tuned to see if $SWBI presents a buying opportunity for the challenge!
