Day 36 Trading with Ricky

Symbol: ZVSA

Position: LONG

Outcome: WIN

Market Hours: EXT

News (at that moment): YES; "ZyVersa Therapeutics Announces IRB Approval of Phase 2a Clinical Trial Protocol to Evaluate Cholesterol Efflux Mediator VAR 200 in Patients with Diabetic Kidney Disease"

Stuck to Rules: No, under 2$

Review: This morning feels like déjà vu from last week. I'm maintaining patience for the rest of the week, as Mondays tend to be slow. Despite my usual caution, I decided to make a move on ZVSA since penny stocks were the only active players. Although the tall candle wick signaled caution, the volume was promising. I took the plunge during the pullback, only to see an immediate drop in price. However, with the volume still strong, I held on until the candle recovered, and exited quickly with a modest gain.

Lesson Learned: It's a reminder to keep an eye on those tall wicks in the future.

Symbol: STI

Position: LONG

Outcome: WIN

Market Hours: EXT

News (at that moment): YES; "Last week STI had an overall gain of 107.12%, the stock price moved from 0.8401 to 1.74, last week's high was 3.08, the low was 0.8357, and the cumulative volume was 148.76M."

Stuck to Rules: YES

Review: Today's trading session with ticker symbol STI turned out to be quite the rollercoaster ride for me. I jumped in on the first pullback, only to find myself quickly selling as the trade didn't swing in my favor. Classic case of bad timing—right after I sold, the price shot up. Talk about frustrating!

But hey, I didn't let that discourage me. I got back in the game, reentered the position, and this time, I was quick to sell once I hit my daily target goal. I'll admit, I was a bit hesitant to scale out of the position, especially considering how unpredictable the market has been lately. And let's not forget, it's Monday—a day known for its sluggishness in trading.

It's days like these that really test your patience and decision-making skills in the market. But hey, that's all part of the journey, right? Here's to learning and growing as a trader, one trade at a time.

Lesson Learned: Days like today serve as a crucial reminder for me to stay true to my trading principles. It's essential to only enter positions when all the stars align in my favor.