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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!

Sunday, June 29, 2014

It Slices, It Dices.... It Cuts Losses!!!



Thought I'd share video 5 of Cameron Fous' free video lessons. This is one key rule in the trading game that I've heard everyone talk about. If you are in a losing trade CUT YOUR LOSSES.

I've made this mistake a few times since I began paper trading. It's the reason my PS1000 account is nearly half the amount it was in the beginning. 

So if you are following me or perhaps just stopping by because you're looking into trading, hear me out. CUT YOUR EF'N LOSSES or they will cut you.



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