On trading sim, I reset my account back to $25k. I looked at the screeners and figured out how to look for pre market change. CING was on top, I looked at the chart and made like a parallel pattern pre market. Pre market thinkorswim bet wasnt going through (This might be a problem, if it can not be resolved, I should try webull). I placed the bet with 50 shares when it was about 130% high up at $10.2 at 06:31 am. When the market price went up but down and became volatile. For the next 30 mins it was mostly just going sideways. I was also distracted by cat food time now. At 7:01 I closed it $10.39 and made a $10 profit.
at around 8:30 it started climbing rapidly and by 10:30 it reached a peak of $20 and then started slowly going down and then at last 30 mins in the market hours it went up and then after hours it started crashing and ended the day at $13
Things I need to consider:
- changing cat food time to after 7am, maybe even 7:30am
- try doing sim trading in webull, tradestation and E-Trade. But first see if pre and after market can be enabled in thinkorswim papertrade.
- Maybe not place trades on stock during market hours that are up 100% in the pre market. or atleast that pre market trade at 100% should not spill into market hours.
options:
I closed out of most FFIE (all of them at half their value, so still made profit just not as much). Only 20 contract are still open. The reason for closing is because yesterday, FFIE announced that they will be doing a 40 to 1 reverse split. So 6000 shares are now going to become 150 shares. And the other shares that are still in a contract, well I will learn how splits and covered call options work with each other. Most likely on monday, I want to go ahead and sell as much as I can of FFIE if it does shoot above my average price.
I will consider putting all that money into LPSN or SAVE
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