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

Week 5 Still Alive!

So as I mentioned a few posts ago I am now going to begin posting my positions before the market opens. I think the full transparency will help me along in the learning process.

For week five I plan on entering a couple of positions with bigger plays and hold for 2 to 3 days... unless the positions hit the 10% mark and I will then take profits and scale back the positions.

I'm still going LONG on my positions and I'm looking a FOUS patterns within the 3 day charts and 1 to 3 month charts. Also looking at news and volume.

$WTSL 20,5000 shares - enter @ (20,000/$0.884) & (500/$0.853)        []
$AVNW 4,000 shares - Monday Open (last close $1.25)                         []
$KBIO 2,128 shares - Monday Open (last close $2.35)                            []

$WTSL 621 shares - enter @ $0.89                                                         []
$DRWI 180 shares - enter @ $2.05                                                         []

$WTSL 606 shares - enter @ $0.89                                                         []

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