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!

Friday, June 27, 2014

End of Week Update 06-27-14

Today was a nice change from the last few days and even couple of weeks. I saw some gains, and big ones too! Most notably in my Stock Wars account which only had one pick stay in the red and I kicked it to the curb pretty early in the day. 

I actually ended up staying up all night to ensure that I was able to call my wife's doctor first thing in the morning. To kill some of the time I did some research and came up with a few stocks with strong FOUS patterns. I then kicked off my day with a first for me... watching the opening bell. It was a fun way to start the trading day.

My two biggest gainers of the day were $WTSL which I'm still holding on (SW), (GTL), and (PS1000)... and a stock I think is a pump & dump, $ECRY.

I made a fast 10% gain on ECRY yesterday on a small long position and added big today when I found that another press release was issued (3rd one in a row) and bought 20,000 shares with my (SW) account. The stock jumped to around 11% and I pulled 15,000 shares for a nice big profit. The I decided to bail the other 5,000 share for the profit and just get out... that's when (SW) had a bug in the game and no matter how many sell orders I sent the last 5,000 shares would not cash in. For a second I panicked when the stock dipped into the red and I was losing, but in the end the stocked closed with a 4.55% gain and it's in the green again. Hopefully I can get it to close on Monday with a gain still. GLAD THIS WAS A PAPER TRADE!!! if a real broker did this with real money I'd be pissed!!!

Biggest loser of the day for me was $NIHD which I entered around $0.68 and cut it loose at $0.60. I had a large position of 20,500 shares and just couldn't stomach the loss. I wouldn't be surprised if it turns into a gain in the $0.70 range but oh well.

Starting Monday I'm going to start posting my positions before the market opens. I don't know if anyone is reading this, but maybe if there is, it will help them. That way you can learn from my losses and gains.

End of Day Update:

Stock Wars: $100,224.75 +0.22% for a gain of  $1,981.00

Penny Stocks 1000: $545.45 -45.46% for a gain of $35.31

Growing the Lincolns the Game: $428.92 -14.22% for a loss of $37.63

End of Week 4:

Stock Wars:                          $100,224.75 @ 0.22% = $224.75 profits

Penny Stocks 1000:                   $545.45 @ -4546% = $454.55 Losses

Growing the Lincolns the Game: $428.92 @ -14.22% = $71.08 Losses

Total for Week 4:                                                           -$300.77 Losses

1 comment:

  1. Just an update on (SW) and the 5,000 shares of ECRY. All of a sudden after hours the 5,000 shares cleared. Odd glitch in their system. It didn't change the price of the account at the end of the day eaither.