I apologize for taking a while to post. I've been busy with family obligations and spending time launching my business Blurbeo.
Here's what I've got going on:
$BRWC is a loosing trade that I should be getting out of. I went against my rules again and will likely be cutting my loses tomorrow.
$NTN is also a loosing trade and I went against my rules here too!
Basically I've found that the psychology behind trading is a very real thing and something that I need to work on.
That said, I'm making a big move. Starting next week I will be taking a break from pennies and will be focusing on options and mini options.
So stay tuned...
Oh yeah, entered a mom play today with $VALE
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.
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!