An Exciting End To The 2020 Trading Year

Well that’s a wrap on 2020, and I’m closing out the year with a record profit of $5,779,533.92, that’s an average daily profit of $22,844. In spite of all the hardships the year brought, I’m really grateful for what a fantastic year of trading it was for me and the Warrior Trading community.

The final week of the year proved to be something of a roller coaster ride, with some dramatic rises and dips and rises to the close out the year. Among the major themes throughout was the volatility in NYSE-listed stocks as the result of news pending halts mostly around compliance issues.

That theme cropped up early in the week, with huge moves in AeroCentury Corp. ACY and Regional Health Properties, Inc. RHE, which both went parabolic in the mid-morning and helped me end the day with $117,000.

My trades in ACY ended up being the more consistent of the two, catching the stock just after making a move from $6.50 to $7.50. I got in at the level with 40,000 shares and gradually sold out all the way up to $26, selling off the last of my position for about $85,000. Unfortunately, I was hit with a strong dose of FOMO as ACY continued all the way up to $31 a share until it was halted, fist as a circuit-breaker that was then clarified to news pending.

That lost opportunity is partly what informed my trades in RHE, which had a similar breakout. However, after trading it through the breakout for nearly $140,000, I attempted a dip trade as it consolidated at $14.50 and got flushed out in a one-second candle and was halted, again on pending news. That drop (and an additional desperation trade on resumption) wiped out more than -$50,000 from my profits

Tuesday also saw some wild swings in the market, particularly in the big winner of the day, Universal Security Instruments, Inc. UUU. I traded UUU on the open at $10.50 up above VWAP to the halt level around $14 for $24,000. But, remembering the trend in NYSE-listed stocks getting halted on news, sold out before it hit the halt level. Following the halt, the stock fell more than -50% to the $7 level.

Wednesday ended up being the last sizable day of the year, thanks mostly to trades in Professional Diversity Network, Inc. IPDN. I was actually down on the day by about -$7,500 thanks to continued choppiness in UUU and some failed early trades in IPDN. It wasn’t until mid-morning when I tagged back up with IPDN on the break of new highs that I was able to catch its largest move of the day from $2.25 to about $5.50, buying on dips and selling rips. That move helped completely turn the day around, putting me in the green by more than $50,000.

And while Thursday did see some continuation in ACY and RHE that I was able to tag up on, in addition to a few other stocks, it ended up being a relatively placid end to a sometimes stressful trading week.

In some ways, I should have expected nothing less from a year that also brought a lot of drastic highs and lows. I think 2020 helped me break most of my trading career records, from biggest winning trade to biggest losing trade, biggest daily wind and biggest daily loss and a few epic trading streaks.

Given the strong precedent 2020 has established, I’m eager to see what the new year will hold for the market and my trading account.