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

MCP Play

Decided to buy 208 shares of $MCP for the Friday session. It's another promising pick from Vin_Trader with an impressive chart. The stock was at $0.9263 at the end of the day Thursday with a gain of 11.60%.

I plan on setting a 5% to 8% trailing stop on this as soon as the buy bid is official. My hopes/plan is to get in at the opening to take advantage of the morning spike... especially with some news regarding China's rare earth exports taking on a hit in January.

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