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!

Tuesday, February 24, 2015

Rough Start but Still in the Game

Pre-market trading looked promising and there was a very health social buzz in the StockTwits room with some members already keeping track with how the stock was doing overseas, such as in Athens.

There was a 4% to 5% gain pre-market and it looks as if we'd see an immediate uptrend so I placed my order first thing in the morning and got in with 177 shares at $2.00. Of course that didn't last and the stock began to decline throughout the day.

The good news is that I had decided to change my trailing stop from a 5% stop to an 8% stop and that kept me in the trade.

So while the stock ended the day at $1.88, I'm still in and able to ride out tomorrow's trading session.

Here are a couple of charts from today!

Entry Marked & EOD Uptrend

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