Pesistance Pays: How I've Kept April's Green Streak Alive

My all-green April continues! After some big wins and a few close calls, I’ve managed to keep my green streak alive at 16 days and add another $20,000 to the month’s total. I’m actually well above pace for the month and could likely pass $70 or even $80 thousand if things keep going as they have been.

Much like last week, this success has been a process of weighing when to be aggressive and when to ease off the accelerator. Since the previous Friday, I’ve managed a handful of respectable $1,000 positions as well as one really strong trade on a short squeeze in Cyclacel Pharmaceuticals, Inc. CYCC during Monday’s session.

However, Thursday was a bit of close call on my now 16-day streak, beginning with a few middling wins and losses. I then took my biggest loss of the month on Nabors Industries Ltd. NBR, which nearly pushed me past my daily max loss. I did manage to dig my way out of the hole with some subsequent wins in Co-Diagnostics, Inc. CODX and Whiting Petroleum Corporation WLL, although that’s never a great position to be in.

This past Wednesday stands out as my biggest green day for the week as well the month so far at more than $14,000. This came from a huge gap and go win in The Peck Company Holdings, Inc. PECK, which was trading up 75% in the premarket. 

While this past week has been somewhat of a challenge, that Wednesday trade made the effort and persistence worthwhile. 

It’s a common question among Warrior Trading students about how they can find trades like that $14K winner while they’re searching for penny stocks on Robinhood. And I tell them, that trade was no different in quality than most of the other trades I took this week. It was a thrifty $2 stock that had a history of momentum and was gapping up more than 30% in the morning.

The only difference between that stock and the other winners I found throughout the week was that I got in at the right time for momentum carried it higher. From there, I only had to scale my position and manage my risk.

Although the trade in PECK might seem like a real lob over home plate, and in certain respects it was a string setup, the beauty of the strategy I employ is that any stock could potentially yield a similar result. While smaller size might put some limitations on the risk/reward profile of the trades, the fundamental characteristics that enable the strategy can scale for every level of trader.