Riding the Momentum Wave
INTS burst onto my radar as a high of day momentum scanner star. Its ascent was meteoric, and my seasoned trader’s intuition sang a familiar tune: a potential “Algo Spike” brewing. The catalyst? Positive data in early-stage breast cancer, a potent trigger for biotech stocks. This set the stage for a remarkable play.
Seizing the Moment
I watched as INTS rocketed upwards, confirming the telltale signs of algo squeeze. Without hesitation, I bought in. The stock continued its climb flawlessly, and I strategically added more shares, locking in a $13,500 profit.
Patience and Discipline
While INTS soared, another opportunity emerged: VRME. However, family commitments forced me to miss its initial bounce. While this may seem like a missed chance, it served as a powerful reminder of the importance of patience and disciplined risk management.
Demystifying the Market
I peeled back the layers of my trading strategies, revealing insights into chart patterns like inverted head and shoulders and the power of level two data. I also emphasized the significance of psychological price levels like whole and half dollars, highlighting my approach to strategically adding shares during an upward surge.
Risk Management: A Trader’s Lifeline
The critical role of risk management was laid bare, showcasing the importance of swift and decisive action when cutting losses. Setting a cap on red days prevented excessive drawdowns, ensuring my trading journey wasn’t derailed by a single misstep. My recovery process, characterized by a gradual increase in share sizes, served as a testament to the importance of regaining momentum and confidence after setbacks.
Trading: A Symphony of Skill and Intuition
The trading floor is a dynamic stage where every decision holds weight. INTS and VRME serve as prime examples of the powerful synergy between lightning-fast decisions, technical prowess, and disciplined risk management. Join me as we navigate this captivating world, where experience, intuition, and strategic moves unlock remarkable opportunities.