Hi everyone,
Since circuit breaker, both of us have been trying to learn how to trade. We decided to trade on the US stock markets due to the higher volume, fluctuations and cheaper commission per trade. We intend to share some of our trades (profit or loss) and to also jot down the lessons learnt (good and bad) from the trades.
We do not encourage anyone to dive straight into trading. Both of us spent a lot of time reading and understanding basic concepts of trading before trying it. We are also trading with relatively small amount of money. With that, I traded the counter Nasdaq:AESE on 1 Jun 2020.
With this trade, I made a 58% gain. This counter saw massive volume near the end of the market the previous week and also in the after hours. I monitored the premarket on the day itself and continue to see massive buying volume. Once the market open, I really like of the MACD indicator was going and decide to enter at $3.48. Price continued to increase with volume coming in. It saw a little consolidation before moving up again. I took profit slightly under 15mins later at $5.50, which was my intended target price. I felt it was a little overbought and the MACD did not look very strong either.
Lessons:
- Stuck to trade plan
- I was ready to let it go if it was not within my buy range as I did not like the idea of chasing it since this stock already had such a sharp increase on the last trading day
O
