Trading Operations Asset: Hypothetical Stock XYZ
Operation 1: Short-Term Momentum Trade (Intraday)
Asset: Hypothetical Stock XYZ
Reasoning: Stock XYZ has shown strong upward momentum in the early morning session, breaking above a key resistance level on high volume. The overall market sentiment is also positive. I'm looking to capitalize on this short-term trend.
Entry: Bought 100 shares of XYZ at $52.50.
Stop-Loss: Placed a stop-loss order at $52.20 to limit potential losses if the momentum reverses.
Target: Aiming for a profit target of $53.00, based on the next minor resistance level.
Execution:
* Time: 9:45 AM PST
* Action: Buy order filled at $52.50.
* Monitoring: Observing price action and volume. The stock continues to show strength.
* Time: 10:30 AM PST
* Action: Stock price reaches $53.05. Sell order triggered at $53.00.
Outcome: Profited $50 ($0.50 profit per share x 100 shares), excluding commission and fees.