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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!

Friday, February 13, 2015

Ending the Week with a Small Gain: MCP

I placed the buy bid last night before going to bed and was able to enter @ $0.99 a share with 208 shares. Not a huge position but the free capital was smaller due to an unsettled trade and the hold on GLUU.

Woke up to the stock bouncing at $1.05 to $1.07 a share and decided to take profits rather than attempt a hold over a holiday weekend.

Trade sold @ $1.0601 a share for a small gain of $15

Going to continue to hold my position in GLUU. As funds settle next week I may close out that trade even though it'll be at a loss. I think at this point having those funds tied up is also costing me.

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