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 Picks Update!

I was please with my pretend picks today. 

$BPTH closed in the red but it did have a nice run today into the 6% gains mid-day.

$NBG (which is the one I would have truly picked) was up this afternoon 9.79% gains and closed in the green at 3.86% gains.

I would have placed an additional hard stop loss on both today around the 5% gain mark and then left the 8% trailing stop in place to breath with the plays. I would have been stopped out of both, but I'd been sitting on 5% profits today.

This leads me to a new rule that I'm adding...

I will always place a hard stop loss at the 5% gain marker with my play reaches 6% to 8% gains.

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