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!

Monday, March 23, 2015

Monday's Ups and Downs / $NTN and $CJTF

Monday for my position in $NTN stayed in the red for most of the day and only pulled into the green at the EOD at $0.5464 @ 3.09%. Continuing to hold this to see what it does as we get closer to the earnings report on the 26th.

I had made a pretty large watch list on Sunday night but wasn't crazy with how they were moving. Shortly after the morning push I spotted an alert on $CJTF having positive news out on the OTCmarket news area. Basically, the company won a court case and are being awarded a $12.5 million note receivable. A nice chunk of change into the company's coffers for sure.

Momentum was there at the time and it looks like I'm still in before any real push from the news, especially since it hasn't hit more mainstream outlets like Yahoo Finance or Market Watch. I went long with 200,000 shares @ $0.0020 a share. As Murphy's Law would have it, the price climbed to the HOD of $0.0024 a share then dipped to $0.0015. It stayed pretty level untill the EOD push and I saw it start to uptick for an EOD call of $0.0017 @ 30.77%. I'm still in the red on this play and will hold into the morning as a swing. Hopefully news makes the rounds tonight and I see a gap up in the AM or a nice spike that I can sell into. Otherwise I may just be taking it in the ass again and forking over my cash!

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