- Jason Bond Picks
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- So nice I did it twice
One of the fun parts of being an active trader is managing the trade.
When you first start trading, you think, “buy low, sell high!”
I’ll just buy a stock when it’s low, then when it goes up, I will sell high and take my money.
And, I mean… yeah. That’s trading.
But when we talk about actively trading in this corner of the internet, we’re also talking about those “in-and-out” days where a trade is cruising, and you want to keep dipping back in to try to take more profits.
In trading, double-dipping is just fine!
Yesterday’s Small Account Journey morning call talked a lot about SMCI.
I really liked the trade, and that’s why I had been in it for a few days by that point.
In the call, I noted that the stock was staying above $465, so it was fine to hang onto in advance of catalyst news for the day.
Did it move the way I wanted?
You bet it did.
In fact, SMCI moved so much I wanted to double-dip.
*Trading is hard, results not guaranteed and should not be expected to be replicated typically.
As the day started, I took my profits, but still held onto a second trade in SMCI.
And well, that didn’t take long…
The grand total for SMCI:
+23% in just 2 days ($515 profit)
+25% the same day ($505 profit)
*Trading is hard, results not guaranteed and should not be expected to be replicated typically.
That’s a solid pair of wins in one day when you’re managing smaller trades like we are in Small Account Journey.
But that’s the fun part.
Even if you have limited funds, you can still be very active in the market.
Managing your trades is one of my favorite ways to do that - no need to rush out and find a new trade idea, just keep going with what’s working!
And it lets you stay on top of your risk as well.
In case you missed it, I’m kicking off another new trading account in Small Account Journey on October 1st.
Again, we’re starting with $2,000.
And we’ll see how quickly I can grow it.
Want to get in on the ground floor of this one, so you can see EVERY trade I make with this account?
We’re knocking 70% off the membership just to get you in here.
Eat, sleep, and trade!
Jason Bond
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