@CTUCyberGroup Lesson: Everyday Can Be a Half-Day #CTU
What a great Monday for the CyberGroup Live Trading Room! Usually Monday’s are a slower day of the week, as my students know Tuesday, Wednesday’s and Thursday’s are usually the best days to trade. We traded so many winning stocks such as $PLUG $JASO $HRB $PBR $HIMX $TKMR $NQ and last most certainly not least $GDP!!
We went over $GDP in our morning meeting and immediately it was brought up again upon the open. As you’ll see in the included chart, $GDP took off at the open and didn’t look back until 12:30pmET. If you would of held it from the open all the way from the open at $20.50 and sold at the top near $25.50 you could of made $5!!!! I know most of us exited between 10:30am and 11am which still was almost $4! On 1000 shares you could have made your money for the week. The point I’m trying to make, and will continue to make is this job is not full time. By staying in the position all day long you would have actually lost part of your profit. Ingrain this into your trading plan and not only will you maximize profits but you’ll have more time to enjoy all those profits!