This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Winning 14.77% on the Perfect Bull Stock

Stocks in this article: SGMA

NEW YORK (TheStreet) -- Friday, 6:30 a.m. PDT. Over my morning coffee I opened my trading account, brought up my charts and analytical tools and there it was, the perfect bull stock.

It was lower in price and in trading volume than I normally trade (only 37,000 for average daily volume). But what the hey, I decided to take a bit of a risk with it and bought in. There were too many bullish signals for me to pass up the opportunity. 

At 6:55 a.m. PDT, I bought into SigmaTron International (SGMA - Get Report) at $7.99.

Friday was an extremely busy day full of many meetings and other activities that precluded me from sitting in front of my computer all morning and afternoon. This was one of those trades where I was going to have to place it, set my stops, and check it when I could, if I could, from my phone throughout the day. 

I set my stop order 1.5% below my entry point of $7.99. After entering into the position, my day was so chaotic that I was not able to check the stock's progress, which turned out to be a blessing. 

Checking back at around 12:30 p.m., just 30 minutes before the market closed, I found that SGMA had risen to roughly $8.20. Happy to have made 2.9% on a stock I barely had to manage, I wanted to realize those gains ASAP. Then I noticed that every signal on the stock was still in "Raging Bull Mode." So I let the day close without exiting my position. 

A few hours went by and I decided to check on the stock in after-hours trading, only to find it had gone up about 11% from the closing price of $8.22 to $9.17. 

At this point I couldn't contain it anymore. I had to realize my gains, so I sold in after-hours trading and made a total 14.77% on my trade. 

Trading is very much an art and managing your emotions -- knowing your psychology -- is of the utmost importance. One of the most damaging things a trader with a personality like mine can do is watch a stock's every tick.

The best trades are made when they're not forced or made under a microscope. Watch closely and be specific, but don't over analyze. Trust your gut and trade on your indicators, not your emotions. 

I can't wait to share with everyone in the upcoming weeks this fascinating new tool I discovered that helped me find this amazing bull of a stock.

In the meantime, happy trading and I wish you

Many Happy Returns,

Rachel

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,416.85 +225.48 1.31%
S&P 500 2,021.25 +19.09 0.95%
NASDAQ 4,683.4070 +45.4130 0.98%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs