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 18, 2015

Watch List Results and GLUU

First I'll start with the results from the watch lists:

HART started the trading day with $2.26 a share and reached the EOD with a gain at $3.58 a share or 6.55% and a high of the day at $3.65. CRNT also ended the day with a gain of $0.07 5.98% and the high reaching $1.28 a share. My last stock, BXE, on the list didn't do as well but did see a small amount of green in the session with the high of the day being $3.16 a share, it did end the day in the red however at $2.84 or -8.68%.

As for Vin_Trader's watch list many ended the day in the red but all did see gains during the trading session. NBG dropped from $1.63 to $1.51 or -7.36%. While SD did better and ended the day with a loss of -0.85%  at $2.33. SD did see a decent high of the day however with it reaching to $2.53. DNR ended with -4.85% at $8.63 a share and seemed to stay in the red all day. My favorite pick of Vin's for the day was GDP which still ended in the green but saw the high of the day hitting 4.50 a share.

All said and done I'm really happy with the watch list I made and like the fact that I was able pick out the best performing from Vin's list. I'm not sure if I can make this a daily thing, but doing dry runs of watch lists seems to have been helping me with identifying good trades.

As for GLUU, it was a rough day and hard to watch the stock working in the red for over half of the trading session. It did manage to recoup a little and end at $5.12 with a loss of -2.10%. My last trade settles tomorrow and I think I'll be pulling out of GLUU regardless to the movement, likely faster if the trade begins to slip further. I'm looking at a rough $70 loss but doing so will increase my trading size from $200 to a little over $300 a trade. That increased trading power will make the amount I lose off the top from trading fees sting a little less.

One more thing... there was a decent Seeking Alpha article that was just published.

No comments:

Post a Comment