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!

Thursday, October 22, 2015

Pretend Pick for Friday $ARO

Thought I'd do another practice play and have a pretend pick for tomorrow.

$ARO in @ 0.69 target is 10% gains.

I like the chart's steady upward trend (5 day chart).

In keeping with my rules I'll pretend that I have an 8% trailing stop in place and if the ticker reaches a 6% to 8% gain during the trading day I will pretend that I'm putting a hard stop loss at the 5% gains marker. Being that it is Friday I would likely close out the position and not hold over the weekend, so I'll pretend that I close at the EOD.

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