Anatomy of a day trade: BBX

That is one beautiful chart.

After reviewing the chart I changed to a limit order



This was the key to the entire trade since I got filled at 3.30.



Penny by penny we wait




I consider this a successful trade at this point.

A very nice dip below 3 however the spread is like .15 here so no opportunity to cover.




Who buys into a falling chart like that with a spread of .15-.20???




Trading sideways now. Will take here. Even though I really wanted this one below 3, the market is surging now and I don't want to fight the headwind. 

I will take profits and move on to the next one.

Position entry:  A+  

Position exit:     B

Overall trade:    A-

This trade alone meets tortexal's requirements of making $200 per day.

Happy birthday to me.

** UPDATE

So I looks like I'm missing out on a big part of the trade. There are two reasons for this. The first is that I am forced to make decisions about when to close a trade that are less than ideal because they aren't about the trade itself. Because I have to go to work I will be away from the computer for 45 minutes and I don't always have time to watch trades during the day. The second reason is that I have a hair trigger for taking profits which I consider to be both a good and bad thing. On this trade my instinct was good in that the reversal was real. However that stock dropped sharply the following morning so in the end patience would have paid off. Am I glad I took that trade when I did? Yes in part because the market could have rallied the next day and I would have potentially had a losing position. I can't get too upset about it because I made profit... that is the most important thing. I changed my exit to B.