FYI, for those who followed Fear and Greed Day Trader, Scott opened his archives up again to the public for those interested in his educational posts.

Had a nice winning trade to begin with and decided to stop for the day while I was ahead, even though it’s just paper trading.

# Following Rules Behavior Chain % Wins Gross Net
1 0% -1 100% +0.60 +0.585

TXT +.60 LONG ~ Gapped up on news of a takeover. It dropped steadily during premarket from a high of $16.50. At open, I saw $13 as the price threshold to watch. It broke out of the opening range of $13.25 around 10am with a tall 5-minute green candle with long top wick and ran up to near $14. This is bullish to me, and I entered on a nice pullback, but it went down all way to test $13.25, and former resistance turned into support. Fortunately, this happened so quick I didn’t even have time to put in a stop order and seconds later it was up near my purchase point of $13.56. I did not exit per my rules and this time preserved about an extra .15 cents in profits as compared to following the guidelines, but if the stock had made a bigger run over $14, could of had like usual left lots on the table. Nonetheless, I will take getting out at $14.16.

PS: Wow, $13.25 served as support again around 11:15am, and RSI (2) was under 1 at the time after it sank a buck in about 45 minutes; that would of been a nice entry long again as it ran to $14 again.