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, March 31, 2015

Update: Red Tide!!!

It would seem that I'm getting caught red handed lately. $NTN has refused to stop bouncing around the $0.41 to $0.43 range and I'm left with the decision of holding for a possible bounce play or sell and take losses.

The latest play is also in the red, $BRWC, though I have to admit I'm holding because it continues to look like a promising trade with the potential to have a significant bounce. News was out today showing the company having sales up 12%, profits up 3%, and operations losses down 30%. As the pr sinks in, there's a chance that that it will cause the stock to bounce off of the bottom. Only time will tell, will I get to take profits? or be left holding the bags?

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