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.
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!