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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!

Wednesday, February 25, 2015

NBG Stopped Out @ $1.77 by 8% Trailing Stop

NBG gaped down this morning and triggered my 8% trailing stop. I'm not too surprised because of yesterday's performance but over all this one left me scratching my head. Yes, I missed the meat of the move last Friday, but the revival pattern was still good, good flow of news, good volume, strong bull sentiment on StockTwits... but for some reason it continued to pull back.

Dust off and try again when the trade settles... ugh.

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