An Exciting End To The 2020 Trading Year

Well that’s a wrap on 2020, and I’m closing out the year with a record profit of $5,779,533.92, that’s an average daily profit of $22,844. In spite of all the hardships the year brought, I’m really grateful for what a fantastic year of trading it was for me and the Warrior Trading community.

The final week of the year proved to be something of a roller coaster ride, with some dramatic rises and dips and rises to the close out the year. Among the major themes throughout was the volatility in NYSE-listed stocks as the result of news pending halts mostly around compliance issues.

That theme cropped up early in the week, with huge moves in AeroCentury Corp. (NYSE: ACY) and Regional Health Properties, Inc. (NYSE: RHE), which both went parabolic in the mid-morning and helped me end the day with $117,000.

My trades in ACY ended up being the more consistent of the two, catching the stock just after making a move from $6.50 to $7.50. I got in at the level with 40,000 shares and gradually sold out all the way up to $26, selling off the last of my position for about $85,000. Unfortunately, I was hit with a strong dose of FOMO as ACY continued all the way up to $31 a share until it was halted, fist as a circuit-breaker that was then clarified to news pending.

That lost opportunity is partly what informed my trades in RHE, which had a similar breakout. However, after trading it through the breakout for nearly $140,000, I attempted a dip trade as it consolidated at $14.50 and got flushed out in a one-second candle and was halted, again on pending news. That drop (and an additional desperation trade on resumption) wiped out more than -$50,000 from my profits

Tuesday also saw some wild swings in the market, particularly in the big winner of the day, Universal Security Instruments, Inc. (NYSE: UUU). I traded UUU on the open at $10.50 up above VWAP to the halt level around $14 for $24,000. But, remembering the trend in NYSE-listed stocks getting halted on news, sold out before it hit the halt level. Following the halt, the stock fell more than -50% to the $7 level.

Wednesday ended up being the last sizable day of the year, thanks mostly to trades in Professional Diversity Network, Inc. (NASDAQ: IPDN). I was actually down on the day by about -$7,500 thanks to continued choppiness in UUU and some failed early trades in IPDN. It wasn’t until mid-morning when I tagged back up with IPDN on the break of new highs that I was able to catch its largest move of the day from $2.25 to about $5.50, buying on dips and selling rips. That move helped completely turn the day around, putting me in the green by more than $50,000.

And while Thursday did see some continuation in ACY and RHE that I was able to tag up on, in addition to a few other stocks, it ended up being a relatively placid end to a sometimes stressful trading week.

In some ways, I should have expected nothing less from a year that also brought a lot of drastic highs and lows. I think 2020 helped me break most of my trading career records, from biggest winning trade to biggest losing trade, biggest daily wind and biggest daily loss and a few epic trading streaks.

Given the strong precedent 2020 has established, I’m eager to see what the new year will hold for the market and my trading account.