The direction is up
Today was an earlier start than normal. My 19 week old wouldn’t go back to sleep like she normally would after waking up at 6am. She wasn’t hungry but rather energetic. I gave her many raspberries on her tummy (she loves them and thinks it’s hilarious), we played for about 30 minutes. Afterwards I placed her in her bouncer and I started cleaning the house before my toddler woke up. My mission of cleaning, preparing breakfast and feeding was done by 8:30am. The girls were all settled so my charting of pre-market movers in the stock market began. I charted only one stock. ISIS- a pharmaceutical company; it was the best probability to move higher based on the daily chart. Although it had a positive news release, my trade was based only on technical analysis.
ISIS had to break $64 in order to move higher. It played in a $1.00 ($62.90-$63.90) for the first 23 minutes. Then a strong surge higher and it never looked back, hitting highs of $68.10 at 10:10am. Money was made in less than 1hr of market open. I advised my mentee to buy at the breakout level $64.01 with a .50 stop-loss. That’s a risk of only .50 to make $4.00 return.
My trading is over before 10:20am and back to enjoying my girls no thoughts of the market after.
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