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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!

Tuesday, August 5, 2014

VP of GLUU Sells 37,596 Shares: Good or Bad?

Well my 2nd position in $GLUU continued to drop today and has continued to make me cringe at the fact that I broke another rule (releasing my 8% trailing stop) The position now sits with a nasty -30.48% loss totaling $74.93 in unrealized losses. 

Several traders on StockTwits that are pro GLUU and sitting on long positions too have pointed out that this ticker's history shows large drops post ER and then nice climbs to higher levels a while later. This and the positives within the company itself has reinforced my belief in holding long. Such as profits, products, the recent acquisition of a profitable company, etc.

But with all that said, I was sent an email announcing that the company's VP had just sold 37,596 shares... I'm now wondering what this says and how it will effect the ticker in the next few days.

I'm guessing that it could be profit taking on the VP's part, but it seems odd to do so now, why not back in the 7s? 

Could it mean that the VP is getting ready to leave the company? Not sure.


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