Hot Stocks Recap: $BBAI, $SNTI, $MOTS - Day Trading Analysis

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Table of Contents

Hot Stocks Recap: $BBAI, $SNTI, $MOTS - Day Trading Analysis

Table of Contents:

  1. Introduction

  2. Daily Trading Experience - September 29th, 2022

    1. Mistake on the MOTS Trade
    2. Recovering from the Loss
    3. Making a $120 Swing
    4. Reflection on the Day's Trades
  3. Trade Analysis: BBAI

    1. First Trade - Buying the Dip
    2. Second Trade - Learning from the Mistake
  4. Trade Analysis: MOTS

    1. Entry into the Trade
    2. Not Cutting the Loss
    3. Further Losses and Recovery Attempt
  5. Trade Analysis: SNTI

    1. Entry Based on Support Level
    2. Missed Opportunities
  6. Trade Analysis: ATXI

    1. Entry and Profit
  7. Conclusion - Lessons Learned and Plans for Improvement

Daily Trading Experience - September 29th, 2022

Hey everyone, it's Adam Mitchell here from Treasure Trading. Today I want to share my trading experience from September 29th, 2022. It was an interesting day with ups and downs, but I managed to end the day with a profit of fifty dollars and fifty-two cents. Let's dive into the details of my trades and the lessons I learned along the way.

Trade Analysis: BBAI

One of the stocks I traded on that day was BBAI. In my first trade, I bought 200 shares at $1.65, expecting a dip followed by a push to the upside. I sold the stock as it reached the highs, locking in a profit of nine dollars. However, in my second trade on MOTS, I made a costly mistake. I failed to cut my losses and held onto the stock in hopes of a rebound. This decision led to a loss of $71, exceeding my maximum daily loss limit.

Trade Analysis: MOTS

The MOTS trade was a turning point in my day. Initially, I bought 200 shares at $4.31, anticipating a dip that could provide an opportunity for a profitable rebound. However, the stock kept dipping, and I ignored my Max loss per trade. This led to a cumulative loss of $40, exceeding my maximum daily loss. However, instead of letting it discourage me, I decided to cut my losses in half and added another 100 shares, aiming for a potential bounce. Unfortunately, the stock continued to decline, resulting in a total loss of $71.

Trade Analysis: SNTI

In my trade on SNTI, I noticed a level of support at $1.76. I bought 200 shares at $1.78, expecting a bounce back to the upside. However, the stock didn't perform as expected, and I ended up with a small loss of four dollars. Looking back, I missed an opportunity to profit as the stock later surged to higher levels.

Trade Analysis: ATXI

ATXI presented an opportunity for a trade based on a breakout above VWAP. Although the stock lacked significant volume, I decided to take a position with a hundred shares at $7.07. I sold the stock as it started to squeeze, making a profit of twenty dollars.

Conclusion - Lessons Learned and Plans for Improvement

Overall, my trading experience on September 29th was a mix of successes and mistakes. I learned the importance of cutting losses and not letting one bad trade affect the rest of my day. While I made some profitable trades, there were missed opportunities and trades born out of impulsiveness. Moving forward, I plan to refine my strategies, improve risk management, and stick to my profit targets. It's crucial to learn from each trading day and continuously grow as a trader.

Highlights:

  • Ended the day with a profit of $50.52
  • Recovered from a significant loss in the MOTS trade
  • Made successful trades on BBAI and ATXI
  • Missed profitable opportunities on SNTI
  • Emphasize the importance of cutting losses and sticking to profit targets
  • Reflect on the day's trades and plan for improvements

FAQ:

Q: What was the most significant lesson learned from your trading experience on September 29th? A: The most significant lesson I learned was the importance of cutting losses. Holding onto losing trades expecting a rebound can lead to bigger losses, as I experienced with the MOTS trade. It's crucial to set firm stop-loss levels and stick to them.

Q: How do You plan to improve your trading strategies going forward? A: I plan to refine my strategies by focusing on more selective entries and improving risk management. I will also work on being patient and not letting FOMO (fear of missing out) dictate my trades. Moreover, I will adhere to my profit targets to ensure consistent profitability.

Q: What advice would you give to aspiring traders based on your September 29th trading experience? A: My advice would be to prioritize risk management and discipline. Cut losses quickly when they exceed your predefined threshold and avoid revenge trading after a loss. Learn from mistakes and continuously refine your strategies. Most importantly, be patient and stick to your trading plan.

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