WhiteRose
New member
Hello all, fairly new here but have been trading for more than quite some time now. Finally decided to make an account here since I'm seeing that everyone is very active on this website. Coming to share some of my trades, hoping that others can join in and we can all learn from one another.
That being said, yesterday (11/22) I took two quick scalps (trading options) on BIDU and LULU. The BIDU trade was a call and the LULU was a puts trade. The entries were on the breakouts of the previous days high/low with exits just being shortly after, without any long holding or anything of that nature. The BIDU trade was quite beautiful with an entry around 9:46 am (EST) as the stock broke the previous days high with a small pullback being given at the open, which made me more comfortable and confident about making the trade. The LULU entry was at around 10:28 I believe where I had to hold a little bit longer than I wanted to (about half an hour) to finally get some meat from the move. I am not using hard stop losses but whenever I am entering I have a stop in mind and keep an eye on the movement. LULU broke the previous days low with downside strength that wasn't there initially at amateur hour, when it quickly tested that level. Not the best scalp but ended up being a winning trade. Not a bad day.
With a good amount of momentum on your side and getting in at or around the break has been working very well. Hope to share some more trades on here when they come along.
That being said, yesterday (11/22) I took two quick scalps (trading options) on BIDU and LULU. The BIDU trade was a call and the LULU was a puts trade. The entries were on the breakouts of the previous days high/low with exits just being shortly after, without any long holding or anything of that nature. The BIDU trade was quite beautiful with an entry around 9:46 am (EST) as the stock broke the previous days high with a small pullback being given at the open, which made me more comfortable and confident about making the trade. The LULU entry was at around 10:28 I believe where I had to hold a little bit longer than I wanted to (about half an hour) to finally get some meat from the move. I am not using hard stop losses but whenever I am entering I have a stop in mind and keep an eye on the movement. LULU broke the previous days low with downside strength that wasn't there initially at amateur hour, when it quickly tested that level. Not the best scalp but ended up being a winning trade. Not a bad day.
With a good amount of momentum on your side and getting in at or around the break has been working very well. Hope to share some more trades on here when they come along.