Welcome to my blog. A lot has changed since I started this thing. I'm now trading live after about a year of paper trading and studying. Originally I had planned on starting part time and slowly growing my account but life has a funny way of changing your plans. I found myself at a crossroads of sorts and quickly realized that I was being given a once in a lifetime opportunity to pursue my goals. I took the leap and I'm not looking back. Follow me here and see the triumphs and the losses.

Updated (08-10-16)

I tend to look for momentum trades that I can hold for anywhere from a few hours to a few days. I usually take positions of $5k to $10k in size to allow larger gains on smaller percentages (it's easier to hit a 1% to 5% gain vs a 10% to 20%+ gainer) and I like to use a trailing stop.

This blog is a way for me to log my progress and to aid me in learning, I hope that you find it useful. Financial freedom isn't given, it is earned. So plant the seeds of education and grow your pennies!

Monday, June 30, 2014

Adding BBLU to the Mix: Pump & Dump???

Last minute play I'm adding to the mix. This was a find on MarketWired and looks to be another pump and dump in the making. $BBLU also known as Blue Earth Inc. just put out a press release regarding a development agreement with a battery company. They also issued a press release on June 16th and 25th.

The three things that made me buy on this were the stock's volume... not in the million range I like but 300,000+ in volume isn't too bad. There is a nice FOUS pattern here in the 3 month chart with the last entry over the 13ema... and lastly, when I checked the insider trading indicators I found that two insiders purchased 10,000 shares each. One on the 11th and the other on the 12th..

A little suspicious that news began to fly a few days after!

I'm LONG @ $2.40 with 2084 shares []

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