I've worn many hats during my entrepreneurial journey, including writing and creating whiteboard videos, marketing, investor relations (Blurbeo), owning and managing my own vapor pen brand (TouchESubject), servicing the real estate market and other clients as the CEO of Puget Sound Field Inspections, founded CLV Investments LLC, and currently holding a position with Byte Me LLC as a Digital Marketing Consultant.
This blog was originally started as a way for me to track my progress in trading stocks, but it's has since morphed into much more. I now use it as a window into what I'm doing to reach my goal of financial freedom. You're going to see what I'm doing to create multiple streams of income, articles and interviews that are business related or featuring other entrepreneurs, and most importantly you're going to get to know me and hopefully I can inspire you to pursue your own dreams
I'm a very driven individual with a passion for customer service and improving our communities.
Please feel free to connect. I'd love to do business with you.
Friday, October 23, 2015
How my Pretend Trade Did
Today's "pretend" trade on $ARO would have likely been one of my best executed trades. I followed my rules and it paid off nicely. I know not every trade will go like this but this is the basic rundown of it.
Remember... this is not an actual trade, only a "pretend" or paper trade.
There are two possible ways that this would have taken place depending on when I entered. But the results are very similar.
Option #1: The Morning Spike
In this option I would have placed my entry right at the opening and road the momentum within the morning spike. The spike quickly rose to the 12% gains area and I would have placed a hard stop loss at the 5% gains level as it climbed. Once the stock reached and passed my target of 10% I would have taken profits as soon as it began to turn red. This would have likely had me exiting with roughly 9% to 11% gains on the trade.
Option #2: The Bounce Play
This is the more likely play that I would have taken part in. Mostly because at time the market opening is taking place I'm in the middle of getting my kids up and out the door for school. I would have entered around the $0.73 range and fairly quickly placed a hard stop at the 5% gains level around $0.72. I would have then let the trade breath through the day and close out the trade near the EOD with roughly 11% to 12% gains.
Of course it goes without saying, that if I was dealing with a larger account I would have likely played both and doubled my gains.