I have different rules with Day Trading. Sometimes I don’t even know the name of the stock or what it does for business. So far my Day Trading has been completely on the candlestick chart.<\/p>\n
I get up in the morning and look for gapping stocks. I can look on the computer by Googling or just watch the ticker on CNBC. This morning I noticed the stock AEHR gapped up. Yesterday the stock closed at $11.78 and this morning at 7am the stock was at $15.11. That is a nice gap up!<\/p>\n
I looked at the news feed and the company had “record breaking” booking for it’s business and raised their guidance by 80%. At this point I still don’t know what the company does.<\/p>\n
Aehr Test Systems is engaged in the designing, engineering and manufacturing of test and burn-in equipment used in the semiconductor industry. Mainly for the EV industry.<\/p>\n
At the open I’m watching closely. With this news I wasn’t sure if the stock would come down after the big gap up, or continue up.<\/p>\n
The stock continued up and it was staying above the VWAP line (Volume Weighted Average Price). At 10:17am it crossed the VWAP to the south. Many times the candlesticks will cross the VWAP but bounce back to the direction it was moving. I decided to watch the chart for a few candles to get confirmation. A few candles later it reversed and started moving back up and crossed the VWAP to the north. The VWAP was at $14.95. I put a buy order in at $15 for 1000 shares. The stock continued up and I was filled at $15. When the stock got to $15.15 I put a “stop loss” at $15, my buy-in price. The stock continued up. When the stock hit $15.40 I raised my “stop” to $15.20. This 20\u00a2, if I was stopped out, would give me my $200 goal I look for. The stock shot up to $16 and I quickly moved my “stop” to $15.90. The stock stopped moving up and back off. I was stopped out at $15.90. This entire trade took 2 minutes. Take a look at the 1 minute candlestick chart. Look at the stock at $10:15am and you will see this action. This is the fastest $900 I ever made.<\/p>\n
9\/24\/21 – Buy 1000 Shares AEHR @ $15.00<\/strong><\/p>\n 9\/24\/21 – Sell 1000 Shares AEHR @ $15.90<\/strong><\/p>\n I’m enjoying my Day Trading, especially when it works like this. But this doesn’t happen very often. If it did we would all be rich. However, I am having fun with the VWAP line and having some good luck.<\/p>\n Any questions send me an email.<\/p>\n I hope this post makes sense. I typed fast and have to get back to trading. lol<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" I have different rules with Day Trading. Sometimes I don’t even know the name of the stock or what it does for business. So far my Day Trading has been completely on the candlestick chart. I get up in the morning and look for gapping stocks. I can look on the computer by Googling or […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-12320","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3cI","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12320"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12320\/revisions"}],"predecessor-version":[{"id":12321,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12320\/revisions\/12321"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$900<\/strong><\/span><\/h4>\n