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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!

Thursday, February 19, 2015

Out of GLUU for Now

I went into today's trading session knowing that I was pulling the trigger and taking  my losses. I did hold it throughout the day and let the movement whittle away a little of the losses but once I saw that the end of the day was starting to taper down I pulled the trigger. It could have been a lot worse.

This was probably one of my worse trades in regards to how and why I got into it, plus the fact that I lifted my trailing stop. But that said, I also feel like I learned a lot from this one and did a good job of  taking out some of the losses near the end.


Knowing that I was exiting today helped. The day started pretty choppy, which seemed odd for GLUU and made me think that it was more of an intra-day consolidation. I chose to continue to hold for the second half of the day and road it to $5.19. When the down trend began and looked to continue to the EOD I pulled the trigger and exited at $5.15... so as a learning experience I felt really good about my exit strategy.

I don't think this will be my last trade with GLUU, especially with the Katy Perry game set to come out sometime next Fall. 

 


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