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!

Friday, October 23, 2015

Possible Trade on Monday $IMMY

Just a FYI for those who happen to actually read my blog. I'm keeping an eye on ticker $IMMY for a possible momo play on Monday. Imprimis Pharmaceuticals, Inc. hit the news pretty heavily today with a report that they are under cutting that $750 aids pill and only charging $1 per pill. News is going crazy over it, including an article set to come out the Sat from the WSJ.

It jumped nicely today and closed with a 17.42% gain.

It is a bit pricier than the stocks I really want to trade, especially with the amount of commission slippage I have with my small account.... but with the amount of buzz this has, if it continues throughout the weekend or we see new news, the gains on Monday would be well worth it.

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