Welcome to my blog!

I've worn many hats during my entrepreneurial journey, including writing and creating whiteboard videos, marketing, investor relations (Blurbeo), owning and managing my own vapor pen brand (TouchESubject), servicing the real estate market and other clients as the CEO of Puget Sound Field Inspections, founded CLV Investments LLC, and currently holding a position with Byte Me LLC as a Digital Marketing Consultant.

This blog was originally started as a way for me to track my progress in trading stocks, but it's has since morphed into much more. I now use it as a window into what I'm doing to reach my goal of financial freedom. You're going to see what I'm doing to create multiple streams of income, articles and interviews that are business related or featuring other entrepreneurs, and most importantly you're going to get to know me and hopefully I can inspire you to pursue your own dreams

I'm a very driven individual with a passion for customer service and improving our communities.

Please feel free to connect. I'd love to do business with you.

Monday, October 26, 2015

Why I'm Happy I Didn't Trade $IMMY Today.

The title is a little misleading isn't it? You may read that and think I avoided a big loss or that I was wrong about it... I did lose money, but only because I didn't play it.

I started to watch $IMMY after someone on Profit.ly posted that it had hit the news for countering that infamous pharma villain's $750 aids pill by offering an equally good pill for the low price of $1 per pill. Naturally the media went crazy with the story and articles popped up on everything from Fortune to the WSJ.

Friday trading saw a huge spike to $9 a share from around $6 a share, a big pullback, then a gain for the EOD at $7.01 a share... this being a great example of how media can effect a penny stock and while, if played correctly, playing with pennies can be so dang profitable.

I ran the numbers with the stock profit calculator that I like to use HERE to see if the $7 a share would be worth me trading. I have what I call a "micro account" of $300 to trade with so the cost per share plus commission slippage really limits what I trade. I will be adding to my capital as funds become available, but for now that is what I have as disposable funds.

The calculator showed that I'd have to see some major gains to see profits and while the news was hot and I figured there would be a good gain on Monday, jumping in Friday at the close and holding over the weekend still felt like more of a gamble than a calculated risk, so I stayed on the sidelines.

I decided to paper trade it as a "pretend" play and follow the rules that I've put in place for myself.

Since I was not in at the EOD of Friday I would have definitely waited to avoid buying at the top of a morning spike, which climbed to the $7.50 range and then quickly fell to the $7.10 range. That would leave me with a likely entry point around the $7.30 range. Following my rules I would have exited in one of two places, $8.10 range mid-day, or $7.80 range closer to the EOD.

I would have seen gains of roughly $0.50 to $0.80 a share...

So while I didn't make any money today on this play, I'm happy I didn't trade $IMMY because I stuck to my rules, was smart about calculating in my cost per share, commission slippage, and % needed to hit green and made the smart decision to learn from this. I hope you did too, and I hope if you did play this that you banked!

ps. I think there may be enough momentum to see more gains tomorrow especially since more news came out with $IMMY in the articles HERE and HERE, but I doubt the same amount of gains and I wouldn't hold this overnight.