Trading with Ricky Day 23

Day 23

It was a very slow day in the market with minimal movement on the scanners. My most successful trade occurred at market open with the ticker symbol ROOT. Prior to the market opening, it experienced a nice pullback and consolidation around my 11.40 support level. I patiently waited for the market to open, observing its behavior. Once it broke the 11.40 mark, triggering my entry point, I promptly sold as soon as it surpassed the previous resistance. It resulted in a solid 8% scalp.

Regrettably, I incurred an 8% loss earlier in the morning due to a trade on ticker symbol AGRX, where I made the mistake of disregarding several rules. However, what salvaged the day was a fortunate chase on a candle with CPOP. I managed to scalp a healthy 6% from it, which helped mitigate some of the losses.

Although my overall win rate for this month stands at around 70%, indicating significant profit potential, the 30% of losses I encounter tend to be substantial. Nevertheless, once I have my emotions under control, I am confident that I can recover from these losses with the profits generated from the 70% win rate.