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, September 16, 2014

Profits on IFON But Missed the Ride

My plan for riding the 200ema bounce on IFON work... but not as well as it could have. My 8% trailing stop did its job and netted me a nice 10%+ gain, but unfortunately the ticker began a really nice climb that I missed out on.

In fact, between yesterday's gain and today's gain IFON climbed to $3.21 at the EOD and all the way to $3.50 A/H!!! Man, that would have been a great win to claim.

I'm going to continue to watch this stock and look for a re-entry at the 200ema. If it drops there again I think it's likely to continue with its bounce pattern.

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