Day 27 Trading with Ricky

Day 27

Today wasn't a complete loss, though it wasn't the best either. While I focused on implementing tight stop losses, I did stray from some of my usual trading rules. Patience was tested as the market remained mostly stagnant, punctuated by numerous false signals. Trading was particularly challenging, especially considering that Mondays and Fridays typically exhibit lower activity levels. Sometimes, it's prudent to simply refrain from trading on these days and await better opportunities when market volume picks up.

Fortunately, PHUN prevented a larger loss for me today. In a moment of desperation for a promising stock, I stumbled upon it through an old Discord group I used to frequent. This stock had been discussed numerous times in the past when its price was significantly lower. Taking a leap of faith, I decided to invest in it, spurred on by a surge in volume. While I don't typically advocate chasing green candles, if you choose to do so, it's advisable to do it when there's substantial volume backing the move.