Do I Day-Trade? You Bet!

Below are my January day-trades, where I provide details in THE CANNABIS REPORT:

Jan 11 – BIOC – 8A gap up on CNBC ticker attracts my attention…in at 8:15A out at 9:15A…$408 profit on $9,624 cost.

Jan 13 – RXII – 8A gap up on CNBC ticker attracts my attention…in at 8:15A out at 8:45A…$488 profit on $5,684 cost.

Jan 17 – FWP – 8A gap up on CNBC ticker attracts my attention…in at 8:15A, but program trading kicks in and I cannot beat a computer on an ultra-thinly traded stock, so I have a “dead money” situation…out on Jan 20…$957 profit on $24,318 cost.  You have to know how to read level 2 to know when these scenarios occur.

Jan 23 – MRNS – 8A gap up on CNBC ticker attracts my attention…in at 8:15A out at 9:40A, and a bit of a nap…$661 profit on $4,491 cost.

None of the above are marijuana stocks, most of which are micro-cap and do not trade in the pre-market.  I like day-trading in the pre-market, which is relatively inefficient.  I am less likely to be competing against Wall Street.  I cannot win against Wall Street.  They have more money than I have and can grind me down to a pulp with program trading.

Do I ever lose on these?  Rarely.  None in January 2017.

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