Day Trading Wrap Up – Coin, BPFH

Todays Day Trading Wrap: currently i’m trading $10k lots/ trade.

RAMR – trade was not triggered.

COIN – price action gapped up this morning back to descending resistance. I faded the gap and entered at 10.80 on the breakdown. Fading the Gap is a really popular and effective day trading strategy in which to trade morning gaps. Using an interval of your choice price usually consolidates for a short period of time before breaking to the up or down side. I covered this position 9.70

BPFH – This trade worked out exactly like planned. I shorted at the opening and price has retraced over 5% throughout the session and found support near the 13ema. In at 23.50, out at 21.86

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