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, March 4, 2015

Open Positions: ARCP and XXII

I currently have two long positions going. The first is through my Sharebuilder account with $ARCP that I entered on Monday. I had a bad entry with it because I made the mistake of entering the trade during the morning spike and have an entry price on my shares of $10.29 ea. That puts me behind the trend but it still appears to be gaining so I'll continue to hold.



Tuesday opened with a gap down and stayed down until about mid-day when it closed with a gain. Wednesday was a rougher day on the charts with most of it spent in the red, but finally ending in the green with a few cents higher than Tuesday @ $10.10.

My 2nd trade is through my E-Trade account, and I'm holding shares with $XXII with a 8% trailing stop. This one was alerted today by BP_Rising Group after news. It appeared to be the beginnings of a pump so I jumped in early to ride it up. In @ $0.9168 a share and EOD of $0.98. Hopefully tomorrow brings further gains and I can hit my target of 10%+. 


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