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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!

Wednesday, June 18, 2014

Longing For a Sunny Wednesday in the Market

I wanted to do something a little different and post what I am placing a position on before the market opens. If you like my pick please ensure that you do your own research before investing... I am NOT an expert and this may very well be a wrong move.

That said, I decided to go long on a solar company $ASTI. Solar seems to see a lot of movement these days and Monday saw some positive news for the solar industry. I found this article yesterday about ASTI:


Here are a few other resource I used to base my decision:


Also with looking at the chart and seeing the small increase yesterday plus the article we have the double catalyst rule in play. I wouldn't be surprised if there is a pull back in the morning and then a climb again until the end of the day. Especially if any other positive solar news hits the market.

  


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