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Well, it took a half a month of struggles, but this Thursday marks the first time in August that I’ve hit my daily $2,000 daily goal. While this is typically a common occasion at most times, I feel the need to celebrate any wins I can after the results I’ve had from this month.
But that’s going to be the last of my moaning about August. Since I have finally posted a healthy win this month, I want to spend this article reflecting on what made Thursday a successful trading day compared to the rest of August.
Suddenly, volume surged back in and pushed the stocks all the way to $3.50 in the 5-minute chart. I took my best position as the stock exited the one-minute pullback and made a move all the way up to just under $4.
I’m obviously happy with how the trade turned out. Even though it wasn’t a huge winner, I was able to find an edge in the trade by monitoring volume and marking entry and exit points that anticipated moves in SINT
Ultimately, the reason I could rely on those factors was that the stock’s characteristics were recognizable. Because I understood how this type of stock trades, I was able to use a strategy I was comfortable with. It’s small reminders like this that reinforce the fact that, despite some hiccups, consistency is what defines successful traders.
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