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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, July 16, 2014

Pumpers, pumpers, pumpers

Here's a great example of why everyone should be careful when looking into pennies. One of the several promotion email lists I'm on (PennyStockProphet) just sent out an email about $DPSM urging people to "research" the stock for today's session. While one may see a gain if they ride the pump early and get out, the risk is high. I've never traded anything on the lists I get, but may short them at some point in the future.

Oh yeah... check out part of their disclaimer!

$16,500.00 to pump a stock? I'm in the wrong business haha.

"Disclaimer: (Please Read)
 
PennyStockProphet.com (PSP) is engaged in the business of marketing and advertising companies.  All content in this communication is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. 
 
Never invest in any stock featured on the PSP website or email alerts unless you can afford to lose your entire investment. Many of the s t o c k s featured are highly speculative.  PennyStockProphet has been compensated Sixteen Thousand-Five-Hundred Dollars by a third party Stockchat LLC, for this profile coverage of 3D Pioneer Systems Inc (DPSM).  We do not own any shares of DPSM."

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