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!

Tuesday, October 20, 2015

$VTL Likely to be a Loss

I'm still holding $VTL with an 8% trailing stop but I just learned that an Investor's Alert has been issued... Again, proof that I should have taken the initial 10% to 12% gain within the first hour of placing my trade. The easy momo gain just turned into a loss (most likely unless there is a spike for some reason).

INVESTOR ALERT - VTL: The Law Offices of Vincent Wong Launch Investigation Vital Therapies, Inc. Possible Securities Fraud Violations

Yahoo Finance Article Link

No comments:

Post a Comment