$GLUU took another hit to the stock price and stayed in the red with a close of $7.00 flat. Most of the people following the stock on StockTwits seemed to favor the idea that it was a profit taking issue. I'm still thinking that the price will hit the $9 to $10 mark at or shortly after the ER. I'll be pulling the trigger on my position shortly after ER and moving on to another trade. My gut tells me that this trade will not stay at the higher mark and will likely pull back once the ER and new game dust settles.
Also, a quick update on the affiliate marketing landing page. The domain is set up and working as a forwarding page and I'm already showing 6 unique hits since early Thursday morning. Fingers crossing I can get at least one conversion out of it. Just one will more than pay for the domain.
Just looking at the math of it... 6 hits in 24hrs
6 x 7 days in a week = 42 hits a week
42 x 4 weeks a month = 168 hits a month
168 x 12 months a year = 2,016 a year.
So, if just one person out of 2,016 sign up I've made money without any work. Thanks Tim!
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.
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!