Just a quick update on the $VTL play. The ticker declined to $6.13 after hours meaning I'm extremely close to the 8% TS being triggered. I'm hoping that it is a correction/consolidation and that we see it move further towards the mid 7s in the next couple of days.
The lesson here is that on the day I entered the play I saw a gain of 10% to 12% but didn't pull the trigger. I figured it would pull back some and then continue higher... YOU SHOULD ALWAYS TAKE YOUR 10% and RUN!
Time will tell if this changes directions and I can see green again.
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!