Started the Day with a Pre-Market Trade

I just made a pre-market trade for a big profit.

On Wednesday, October 20th I had a great day of Day Trading. I made $3925. I only traded 2 stocks. One was NVAX. Please take a look at my post from that day, “Another Great Day of Day Trading.”

The stock was a $160 stock and on this day the stock gapped down to the $120 area. This is a good stock so it was a great candidate for Day Trading. Clearly, I had a very good day!

When that day was over I still liked the stock and I felt it was gonna return to it’s high price of $160. I decided to buy 300 shares of NVAX to hold and see what happens. I bought the shares at $145.20.

The last week and a half the stock was moving up and down, but to tell you the truth I really wasn’t watching it very closely.

This morning I did my normal routine and looked for gapping stocks. I noticed that NVAX was gapped up about $17. When a stock gaps up a lot of times it will pull back. I decided to sell my position in the pre-market. At about 8:15 I put an order to sell my 300 shares for $165 and I was filled. I made a very nice profit to start the week off right.

 

10/20/21 – Buy 300 Shares NVAX @ $145.20

11/1/21 – Sell 300 Shares NVAX @ $165.00

Profit +$5940

What a great way to start the week, and start a new month, before the market even opened.

 

Back to looking for good gapping stocks for Day Trading.

 

Successful, trading,

Steve

The Options Coach