Monday, October 7, 2019

MTCH +10% well done

Daily setup: top gainers screen, post open, gapping and holding
Entry/play: sort of a vwap bounce after surge and stabilize.
Management: First of all, small position. Big spread, so even smaller position. Initial stop below recent pivot that bounced even above vwap. My profit target triggered, but limit order didn't fill so I went back into the wringer, though never below water. It never hit my target, so I got a stop/limit and and I auspiciously took off the last part right before the close/drop.
Psychology: Good. Hard to get too upset about a position this small. And that's exactly why to play a trade like this small like I did. Acct total gain today was green but miniature. And sane. By far I didn't use my available cash, but I traded sane and scraped out a few dollars. A good day.


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