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!
Tuesday, October 20, 2015
Taking a Small Position on $WTW
So I missed the meat of the move today with Weight Watchers $WTW... I wasn't watching the news today, but with major resistance not coming until the $15 range I think there is a good chance that the momentum of today may continue for a quick 8% to 10% gainer. I have a very small position because the available funds are minimal, but a gain is a gain and I hope to snag some.