Welcome to my blog!

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.

Wednesday, October 21, 2015

My "Pretend" Picks for this Week $NBG & $BPTH

My TD Ameritrade still has my play in $IBIO underway and is currently in the red. I plan on exiting tomorrow and cutting losses. I hate taking a loss (as we all do) but need to do it as part of my trading plan....

1) Only 1 trade a week until my account is large enough to do so.

In the past I've been starting a couple trades at a time and staggering them. Mostly because I get anxious and want to be trading as much as possible. The flaw to this that I'm trading with what I'd call a micro account and not only am I effected by the PDT rule but also have to take commission into account more so than someone trading with a larger amount of capital. Executing only one trade a week will allow me to focus all of my available funds to maximize my position size while limiting my commission slippage. (Yes, I know trading with ALL funds it super aggressive).

2) I plan on entering trades mostly on Tuesdays or Wednesday at the latest. Mondays only if there is news over the weekend that would be a "no brainer" move.

I'm sticking to "momo plays" as in momentum plays. Finding a stock that is in a strong uptrend for 2 to 3 days and then looking to ride the momentum for a day maybe two if the chart and news warrants it. I'm only looking for gains of 10% to 15%. But will let it ride if the trend is good.

3) I will be using an 8% trailing stop on every trade and leaving it alone. I WILL NOT REMOVE IT!!! I do not have to use the trailing stop and can exit at any time to either take profits or limit losses should it look really bad and I can exit with less than 8% losses.

I know many don't believe in trading with a stop loss but I look at it as insurance. Better to have one in place and not need it than need one and not have it. The only thing as unpredictable as the stock market is life... Shit happens, and I like knowing that if the power goes out, computer crashes, kid breaks an arm, or zombies attack... I'm only out 8%.

4) Transparency. All my trades will continue to be posted here as well as Profit.ly

Personally, if you are going to trade and not really share with the public what you're doing then go ahead and be private. But if you're going to post on a blog or YouTube or StockTwits etc... show your damn trades and prove it. 

To test my plan and picking strategy I'm looking at two stock that I'm pretending that I went long on. If I were to actually be trading I'd only pick one as I stated in rule #1 and I'd likely go with $NBG. I like the chart a little more and higher volumes.

$NBG in @ 0.90 w/ 10% target
$BPTH in @ 1.51 w/ 10% target

No comments:

Post a Comment